This is my first post in tradingview. I am new to trading of any kind.I have been trying to find my way using EWT.
I think the stock is in ABC (Corrective) mode at present. I am unable to figure out if its still in A or it has entered B. I can see divergence in MACD (a. top of wave 3 and wave 5 b. top of wave 5 and current stock position)
I solicit a few things from this awesome forum:
1. Is my wave count (1-5) correct?
2. If yes, Should one enter into a position to ride wave C?
3. If yes, what would be the strategy for that?
4. Also, I see the stock travelling within a band as shown. Does it have any significance?
Thanks
I think the stock is in ABC (Corrective) mode at present. I am unable to figure out if its still in A or it has entered B. I can see divergence in MACD (a. top of wave 3 and wave 5 b. top of wave 5 and current stock position)
I solicit a few things from this awesome forum:
1. Is my wave count (1-5) correct?
2. If yes, Should one enter into a position to ride wave C?
3. If yes, what would be the strategy for that?
4. Also, I see the stock travelling within a band as shown. Does it have any significance?
Thanks
Not
Wherever I have mentioned EWT,I mean Elliott Wave Theory.
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.