KRATON CORP (KRA)-4 HOUR CHART DIAGONAL ENDING WAVE 5- SHORT
Updated
KRA STOCK IS FORMING A DIAGONAL ENDING, ONCE ACHIEVE "Z" LEVEL (AROUND 42-42.50), SHOULD START WAVE "A" DOWN WITH A TARGET OF 37.88, WHICH IS 1.618 FIBONACCI EXTENSION, AND THEN MIGHT DEVELOPED WAVE "B" UP AND WAVE "C" DOWN (TARGET AROUND 34.96-34).
THIS TYPE OF CORRECTION, AT THE END OF "WAVE 5", TEND TO BE VERY SHARPLY DOWN. THE RESOLUTION MIGHT COME NEXT WEEK WITH THE EARNING REPORT. WE WILL SEE, IF THIS PATTERN DEVELOPS.
ABOVE 43.50-44 LEVEL THIS SHORT PATTERN IS CANCELLED AND THE BULL TAKES CONTROL. GOOD LUCK!!!!!!
https://www.tradingview.com/chart/5KQyQRO2/
THIS TYPE OF CORRECTION, AT THE END OF "WAVE 5", TEND TO BE VERY SHARPLY DOWN. THE RESOLUTION MIGHT COME NEXT WEEK WITH THE EARNING REPORT. WE WILL SEE, IF THIS PATTERN DEVELOPS.
ABOVE 43.50-44 LEVEL THIS SHORT PATTERN IS CANCELLED AND THE BULL TAKES CONTROL. GOOD LUCK!!!!!!
https://www.tradingview.com/chart/5KQyQRO2/
Note
POSITION CLOSE HIT THE STOP LOSS
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