롱
BCPT continues impulsive 3rd wave
BCPT -Price continues to confirm a third wave.
Confirmation signs
1 break of Head and shoulders pattern.
2 Break of first wave top
3 increasing volume
4 RSI confirmation
We may be at a pause in the action though. RSI is heading lower on the 1 hour chart, and the 4 hour chart RSI is oversold and probably signaling a short term correction. The Daily RSI continues to be very bullish. Target one has been hit so it is a reasonable trading strategy to pull a portion of your investment out as profit at this point. Target 2 is based onthe length of the 1 wave. Elliot wave suggests that the third wave can never be the shortest wave so a good projection is to project 100% of the 1st wave starting at the bottom of the 2nd wave. Often the third wave is the longest. We will have to see what price does.
1 hour
Confirmation signs
1 break of Head and shoulders pattern.
2 Break of first wave top
3 increasing volume
4 RSI confirmation
We may be at a pause in the action though. RSI is heading lower on the 1 hour chart, and the 4 hour chart RSI is oversold and probably signaling a short term correction. The Daily RSI continues to be very bullish. Target one has been hit so it is a reasonable trading strategy to pull a portion of your investment out as profit at this point. Target 2 is based onthe length of the 1 wave. Elliot wave suggests that the third wave can never be the shortest wave so a good projection is to project 100% of the 1st wave starting at the bottom of the 2nd wave. Often the third wave is the longest. We will have to see what price does.
1 hour
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.