SQ to retrace in wave 4 to 48-50, then bounce up 5th wave

16 Mar 2018

I think we are in an impulsive trend upward and we are currently working on wave 3. After which there will be a small corrective wave 4, followed by an uptrend of wave 5. I have limit buys at 48-50, where i think it will bounce off the 55 EMA, and continue its uptrend to wave 5.