360 ONE has completed the classic five-wave impulsive structure according to Elliott Wave Theory, suggesting that the stock might be entering a corrective phase.
After a channel breakout, retail traders might think a strong uptrend is continuing. However, this could be a bull trap, as the Elliott Wave structure suggests a corrective phase is starting.
⚠️ Fake Rally (Wave B) –
If the stock starts pulling back (Wave A), many traders may assume it’s a minor dip and buy aggressively, expecting another uptrend. This leads to Wave B.
so be cautious
After a channel breakout, retail traders might think a strong uptrend is continuing. However, this could be a bull trap, as the Elliott Wave structure suggests a corrective phase is starting.
⚠️ Fake Rally (Wave B) –
If the stock starts pulling back (Wave A), many traders may assume it’s a minor dip and buy aggressively, expecting another uptrend. This leads to Wave B.
so be cautious
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.