Pretty easy trade here. Look at waves 1 and 3. Although Wave 3 has not completed its correction, do you notice the similarities? Bolinger bands are extremely over bought. Needs to come down to earth and consolidate. In doing that we find Fib .382 which is used as support from wave 1. Using this same analysis, and when the overall trend line meets the .382 we have a buy towards the end of February. With that said, This corresponds to also what will be the hype of the product launch. A perfect storm for setting up for the final wave 5. Price targets mapped out on the graph. Let me know your thoughts!
Yorum:
Sorry. Not Abollo get, I meant EMA!