AVGO has completed its lower degree 5 waves and higher degree wave-3.
Currently it is correcting in ABC waves.
Blue line depicts probable path it may take correcting and then taking turn up towards a target of 315, which completes its higher degree Wave-5 and mostly larger Wave-5(Wave-V).
How can one enter ?
Wait for price to correct and make a entry pattern(as per Price action and RSI divergence)
Exit will be around 315 or any rule based system.
When this view will be negated:
If daily price closes below 193.25 above view gets negated.
Currently it is correcting in ABC waves.
Blue line depicts probable path it may take correcting and then taking turn up towards a target of 315, which completes its higher degree Wave-5 and mostly larger Wave-5(Wave-V).
How can one enter ?
Wait for price to correct and make a entry pattern(as per Price action and RSI divergence)
Exit will be around 315 or any rule based system.
When this view will be negated:
If daily price closes below 193.25 above view gets negated.
ملاحظة
C wave (down leg) is still pending here, waiting for to confirm for next moveملاحظة
We seem to have BO, if we have a followup candle, then trade is active for the target. ملاحظة
Yesterday's candle is not bullish, we need bullish follow up candle to confirm BreakOutتم فتح الصفقة
We are nearing targetأغلقت الصفقة: تم الوصول للهدف
We are nearing Target, since its Wave5, it is unreliable, once can book profits here.,ملاحظة
It may be doing ending diagonal, it is preferrable/safe to book profits here.,
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.