ARM has retraced 62% from the high in June 26. The current correction looks like its found a low around $230 with price just below the $250 level.
So the question is could this be a Wave 1 and 2 before the start of a strong wave to the upside (wave 3). Or is this to simplistic?
Waiting for 5 waves or price to find support above $250 will be the safest time to enter.
Reasons to enter:
- 61.8% retracement
- Elliott Wave, possible Wave 1 and 2 correction, before a wave 3
- Geometry, price fits longterm pitchfork with price is consolidating with lower highs above out medium lines.
- AVWAP shows price being squeezed.
- Solid company
Reasons to wait
- US-Israeli war
- Strong yields and dollar
- Price is below $250.00
Elliott Wave
- Possible ABC count
So the question is could this be a Wave 1 and 2 before the start of a strong wave to the upside (wave 3). Or is this to simplistic?
Waiting for 5 waves or price to find support above $250 will be the safest time to enter.
Reasons to enter:
- 61.8% retracement
- Elliott Wave, possible Wave 1 and 2 correction, before a wave 3
- Geometry, price fits longterm pitchfork with price is consolidating with lower highs above out medium lines.
- AVWAP shows price being squeezed.
- Solid company
Reasons to wait
- US-Israeli war
- Strong yields and dollar
- Price is below $250.00
Elliott Wave
- Possible ABC count
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.