Has SMGR Finished Its 5 Wave Down Move?
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SMGR to me looks like it might have finished the large 5 wave move. I checked on other charting website that it already has a bullish divergence between the third and the fifth wave, which is a good possibility that the larger 5 wave move has finished.
We should observe how it plays out for the next couple of weeks. If it bounces and forms an A wave with good structure and volume, then we can wait for the B wave in order to ride the C wave.
We should observe how it plays out for the next couple of weeks. If it bounces and forms an A wave with good structure and volume, then we can wait for the B wave in order to ride the C wave.
Note
Small volumes and tight ranges for almost two weeks. Keep watchingOrdre annulé
Nope.
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