This is in continuation to our ongoing tracking of SYM wave structure.
If our wave count is correct then SYM has either completed its minor abc wave (purple) or its currently in wave c which will most probably take price towards 16 - 16.20 level or even further towards 17.80 level.
Although our long term sentiments our bearish and we look forward to target 11.52 level, we have aggressively taken a small long position already from 14.70 level targeting 16 level.
Now this is more off a gamble trade and I don't suggest small traders to follow this trade setup.
We look forward for a short sell setup from break below of 13.83.
Trade Setup:
Entry level: 14.70
Stop loss: 13.82
Targets:
T1: 16
T2: 17.80
Let see how this plays, Good Luck!
Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.
If our wave count is correct then SYM has either completed its minor abc wave (purple) or its currently in wave c which will most probably take price towards 16 - 16.20 level or even further towards 17.80 level.
Although our long term sentiments our bearish and we look forward to target 11.52 level, we have aggressively taken a small long position already from 14.70 level targeting 16 level.
Now this is more off a gamble trade and I don't suggest small traders to follow this trade setup.
We look forward for a short sell setup from break below of 13.83.
Trade Setup:
Entry level: 14.70
Stop loss: 13.82
Targets:
T1: 16
T2: 17.80
Let see how this plays, Good Luck!
Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.
Trade attivo
Let see if our stop loss gets taken out today, we will short sell once price breaks below 13.82Entry level: 14.70
Stop loss: 13.82
Targets:
T1: 16
T2: 17.80
Trade chiuso: stop raggiunto
Trade closed: target reachedStop loss taken out, short sell position activated. We will not be posting a separate short sell trade setup for SYM as its already mentioned in this idea.
Short sell target is 11.52
Overall performance -
Entry price: 14.70
Exit price: 13.82
Loss @ share: 0.88
Gross loss: 5.99%
Nota
As mentioned earlier, we have active short sell positions from 13.82 level targeting 11.52 level. Now price has started to decline and the next probable support will come from 12.90 - 12.60 level, if that doesn't hold then we are going towards are target area of 11.60 - 11.50 level.
We will close 50% positions at 12.90 - 12.60 level & will close the remaining at 11.60 - 11.50 level, we remain bearish in SYM until 15.20 level is taken out.
Nota
1st target reached 50% positions closed at 12.61 level.Price can bounce from this level but most probably it will continue its decline toward 11.60 - 11.50 level, we will close the remaining 50% at 11.60 level.
Nota
2nd target reached, all remaining positions closed at 11.43Overall performance -
Entry price: 13.82
Exit price: 12.61 (50%) & 11.43 (50%) - ( 12.02 averaged)
Profit @ share: 1.80
Gross profit: 13.02%
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.
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.