Thesis
BIDU continues to advance within a developing Wave 3 structure after completing a multi-year corrective phase and confirming a major breakout.
Context
- Weekly timeframe
- Prolonged correction from 2021 into mid-2025
- Transition completed: downtrend → base → breakout
What I see
- BIDU stood out this week despite a weak and volatile broader market
- Higher high printed at the start of the week, followed by another +5% push today
- Breakout remains clean, with price holding above former channel resistance
- Acceptance above long-term trend support confirms impulsive behavior
- Structure remains consistent with an advancing Wave 3
What matters now
- Holding above the $155 breakout area is key
- A successful hold confirms Intermediate Wave 4 is complete
- That opens the path toward the Cycle Wave 3 objective
Buy / Accumulation zone
- Core accumulation completed earlier between $70–$90 (H1 2025)
- Additional buys executed at ~$118 ahead of the breakout
- Further adds taken post-breakout after support confirmed outside the channel
- Next opportunity comes only on a confirmed higher-degree pullback
Targets
- Cycle Wave 3 target: 1.618 Fib extension at $225 area
- Higher extensions remain possible if momentum persists
Execution note
- Patience through a 9-month base was rewarded with a +100% move
- Recent adds followed rules and structure — discipline is paying off
BIDU continues to advance within a developing Wave 3 structure after completing a multi-year corrective phase and confirming a major breakout.Context
- Weekly timeframe
- Prolonged correction from 2021 into mid-2025
- Transition completed: downtrend → base → breakout
What I see
- BIDU stood out this week despite a weak and volatile broader market
- Higher high printed at the start of the week, followed by another +5% push today
- Breakout remains clean, with price holding above former channel resistance
- Acceptance above long-term trend support confirms impulsive behavior
- Structure remains consistent with an advancing Wave 3
What matters now
- Holding above the $155 breakout area is key
- A successful hold confirms Intermediate Wave 4 is complete
- That opens the path toward the Cycle Wave 3 objective
Buy / Accumulation zone
- Core accumulation completed earlier between $70–$90 (H1 2025)
- Additional buys executed at ~$118 ahead of the breakout
- Further adds taken post-breakout after support confirmed outside the channel
- Next opportunity comes only on a confirmed higher-degree pullback
Targets
- Cycle Wave 3 target: 1.618 Fib extension at $225 area
- Higher extensions remain possible if momentum persists
Execution note
- Patience through a 9-month base was rewarded with a +100% move
- Recent adds followed rules and structure — discipline is paying off
Long term investor. Open portfolio and full thesis on eToro: etoro.com/people/maratteo
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Long term investor. Open portfolio and full thesis on eToro: etoro.com/people/maratteo
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.