Buy: Between 269 and if that doesn't hold then 275
Sell: Between 560 and 568
Stop loss 5% below 275.
Sell: Between 560 and 568
Stop loss 5% below 275.
Сделка активна:
Looks like LEND has hit our buy zone and is attempting to bounce off of the .382 fib retracement level to begin the 5th wave of the larger Elliot Wave pattern. Remember that the 4th wave never corrects beneath the 1st wave. Good entry point here.
Комментарий:
The chart was drawn correctly but I stated to buy at 269. That is incorrect. The buy zone is between 280 and 320. Looks like LEND has hit our buy zone and is attempting to bounce off of the .382 fib retracement level at 303 to begin the 5th wave of the larger Elliot Wave pattern. Remember that the 4th wave never corrects beneath the 1st wave. Good entry point here.