Alış
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
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.