Hi guys, here's a small update on LIGHT (AKA Philips Lightning).
As we can see the bullish trend is now retesting the exponential growth curve that started around 15th may, this is where the recovery from COVID-19 started.
Since we don't have a resistance layer there, things might turn out positive for us. But we can't be too naïve and therefore not calculate any risk for that matter.
As we can see the bullish trend is now retesting the exponential growth curve that started around 15th may, this is where the recovery from COVID-19 started.
Since we don't have a resistance layer there, things might turn out positive for us. But we can't be too naïve and therefore not calculate any risk for that matter.
Nota
After the 5th elliot wave you see we went down to the exponential curve to retest the growing stocks, which could mean a correction wave is coming up (elliot wave ABC).3m timeframe:
Nota
_____________________________________________________________________________________I'm purely a beginner in technical analysis . Please hit like, follow or place a comment if you wish.
Any of your feedback is my motivation to keep going and to learn more about Technical Analysis!
Nota
The retest on the 15m chart: Nota
Correction wave started a little later than expected.Correction wave
Expectation: june 3rd 16:00 (UTC+2)
Result: june 8th 12:00 (UTC+2)
I'm expecting this drop can go as low as point (A), moving down to 20.4.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.