USe this rally to exit ut longs
BSOFT CMP 666 - Traders & Investors
Fibs- The stock rallied from the lows of 560 to 756. Two imp points to be noted. First the stock halted at 61.8% of the fall indicating that weakness still persists. Second the RSI halted in the bear zone.
Elliott- the curent rally will halt again a the 756 zone and form a Flat corrective pattern which will is denoted as X. From here a fresh three wave fall should start.
Conclusion - At 756 we will again look at all our other indicators to support out case. Beware as the next leg of fall will be deeper.
Fibs- The stock rallied from the lows of 560 to 756. Two imp points to be noted. First the stock halted at 61.8% of the fall indicating that weakness still persists. Second the RSI halted in the bear zone.
Elliott- the curent rally will halt again a the 756 zone and form a Flat corrective pattern which will is denoted as X. From here a fresh three wave fall should start.
Conclusion - At 756 we will again look at all our other indicators to support out case. Beware as the next leg of fall will be deeper.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.