USe this rally to exit ut longs
BSOFT CMP 666 - Traders & Investors
Fibs- The stock rallied from the lows of 560 to 756. Two imp points to be noted. First the stock halted at 61.8% of the fall indicating that weakness still persists. Second the RSI halted in the bear zone.
Elliott- the curent rally will halt again a the 756 zone and form a Flat corrective pattern which will is denoted as X. From here a fresh three wave fall should start.
Conclusion - At 756 we will again look at all our other indicators to support out case. Beware as the next leg of fall will be deeper.
Fibs- The stock rallied from the lows of 560 to 756. Two imp points to be noted. First the stock halted at 61.8% of the fall indicating that weakness still persists. Second the RSI halted in the bear zone.
Elliott- the curent rally will halt again a the 756 zone and form a Flat corrective pattern which will is denoted as X. From here a fresh three wave fall should start.
Conclusion - At 756 we will again look at all our other indicators to support out case. Beware as the next leg of fall will be deeper.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.