The counter is currently in a short-term bull cycle.
After a sharp up move, it consolidated in a short-range, which is wave 4 according to Elliott wave.
Now, it has broken out of the range indicating that wave 5 has commenced. Hence, we advise traders to stay long in the near-term.
After a sharp up move, it consolidated in a short-range, which is wave 4 according to Elliott wave.
Now, it has broken out of the range indicating that wave 5 has commenced. Hence, we advise traders to stay long in the near-term.
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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.