rko1983

Close to the end of WAVE 1 - Small Short into the impulsive long

Short
XETR:TMV   TEAMVIEWER SE
As predicted TMV made the first WAVE 1 up after the long correction. Of course this was only a first internal move. Long term we can expect 100 EUR + x I guess.

For my swing trading I wait for the end of WAVE 1 and the trend line and resistance level. Here I expect a reversal into WAVE 2 with a 0.618 FIB target in mind.

From there, as soon as we have confidence, we will go long for WAVE 3.

As always this is just my idea and you have to make your own.

What is yours?

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