Buy in the green box, sell in the red box :D
Elliot theory says the first bottom (D) should not get a lower low than B, and after E we will see a break to the upside. This type of correction usually happens in the 4th wave or in wave A, so this could be the last wave to the upside.
All other indicators signal a good buy oppertunity.
A lot of people mentioned 500 mark, so im planning to close between 430 & 480 or so.
Elliot theory says the first bottom (D) should not get a lower low than B, and after E we will see a break to the upside. This type of correction usually happens in the 4th wave or in wave A, so this could be the last wave to the upside.
All other indicators signal a good buy oppertunity.
A lot of people mentioned 500 mark, so im planning to close between 430 & 480 or so.
Note
Pattern has been completed, but it broke out before it should have. This is obviously a bullish sign.It has failed breaking new highs in the first attempt and the selling pressure was extremely high.
Perhaps i should but fk u elliot i dont feel comfortable longing this
Note
Changed my mind, i opened a small long at BFX @ 367.15. Opening more at 355~ Placed stop loss below point C (342)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.