AVGO has completed its lower degree 5 waves and higher degree wave-3.
Currently it is correcting in ABC waves.
Blue line depicts probable path it may take correcting and then taking turn up towards a target of 315, which completes its higher degree Wave-5 and mostly larger Wave-5(Wave-V).
How can one enter ?
Wait for price to correct and make a entry pattern(as per Price action and RSI divergence)
Exit will be around 315 or any rule based system.
When this view will be negated:
If daily price closes below 193.25 above view gets negated.
Currently it is correcting in ABC waves.
Blue line depicts probable path it may take correcting and then taking turn up towards a target of 315, which completes its higher degree Wave-5 and mostly larger Wave-5(Wave-V).
How can one enter ?
Wait for price to correct and make a entry pattern(as per Price action and RSI divergence)
Exit will be around 315 or any rule based system.
When this view will be negated:
If daily price closes below 193.25 above view gets negated.
Nota
C wave (down leg) is still pending here, waiting for to confirm for next moveNota
We seem to have BO, if we have a followup candle, then trade is active for the target. Nota
Yesterday's candle is not bullish, we need bullish follow up candle to confirm BreakOutTrade ativo
We are nearing targetTrade fechado: objetivo atingido
We are nearing Target, since its Wave5, it is unreliable, once can book profits here.,Nota
It may be doing ending diagonal, it is preferrable/safe to book profits here.,
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.