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
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.