JMIA

٥ يونيو ٢٠٢٤

African Amazon)
bought earlier - yellow circle. I did not add after the flat was formed, but published d the idea on X. Some comments will add lower

٥ يونيو ٢٠٢٤

تم فتح الصفقة

Here is the lower time frame - the flat pattern.
Wave C equals 1,618 wave.

١٢ يونيو ٢٠٢٤

ملاحظة

I will take profit partially, as we have a measured move. Nice profit, almost 85% move (my entry is at $5,4)

١٢ يونيو ٢٠٢٤

ملاحظة

There is a risk of getting a running flat. Just keep in mind.

٢٤ يونيو ٢٠٢٤

ملاحظة

Almost exactly as forecasted. The decision to take partial profit was right. Will restore the position, as price gets lower within this flat (at least a measured move down)
Almost exactly as forecasted. The decision to take partial profit was right. Will restore the position, as price gets lower within this flat (at least a measured move down)

١١ يوليو ٢٠٢٤

تم إغلاق الصفقة يدويًا

My earlier assumption with a flat pattern was invalidated. Now looking at the expanding diagonal that is now at the strong resistance - DMA200 and 50% Fibo.
Looks like a reasonable correction will follow

١١ يوليو ٢٠٢٤

ملاحظة

Also - the median of the weekly channel and the Anchored VWAP