I expect BYD to fall to $166.8 given the following: 1. Price fall before trendline cut = price fall after trendline cut 2. Fibonacci extension level of wave 5 (of C) = 1.618 of wave 1 (of C).
Trade closed manually
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Price movement seemed to have cut short the down fall. I see an ending diagonal now.
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While the trade did work for a couple of days, the move forms in 5 waves before shooting up. Making it a potentially short ending diagonal.
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The fall reignites this original idea :)
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Keeping this short call intact by extent the period to near end Jan 2024.