Long
Paratek PRTK long
Assuming a 5th wave has been concluded, the first wave higher degree is finished, the following correction could lead us to the 38,2%-23,6% Fibo levels
Strategy:
either wait for correction to be finished by analyzing the waves or place orders at different levels, for instance:
4,56 - 25% order size
5,84 - 50% order size
6,87 - 25% order size
stop under 4 I would say
An ABC movement is expected, so we shall have a first low before the final low at the mentioned levels
target 1 = about 16€ at first
Strategy:
either wait for correction to be finished by analyzing the waves or place orders at different levels, for instance:
4,56 - 25% order size
5,84 - 50% order size
6,87 - 25% order size
stop under 4 I would say
An ABC movement is expected, so we shall have a first low before the final low at the mentioned levels
target 1 = about 16€ at first
Note
entering the buying zoneI would wait more...
Note
entering second half of the buying zoneabc pattern still missing
expecting uptrend first and then lower levels
targeting 4,56 now
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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.