Long
FRGI - 5 bearish Elliott Waves completed; 3 bullish waves coming
FRGI is in a downtrend, so I expect 5 waves down and then 3 waves up.
The 5 bearish waves look completed (1 to 2 zig-zag, 2 to 3 the longest, 3-4 sideways).
I expect a zig-zag A-B-C.
Purchase at (5), sell at (A), purchase at (B) and hold.
The 5 bearish waves look completed (1 to 2 zig-zag, 2 to 3 the longest, 3-4 sideways).
I expect a zig-zag A-B-C.
Purchase at (5), sell at (A), purchase at (B) and hold.
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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.