FabienGo

ATOS ATO long entry for swing trade

Long
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Assuming a correction of the last movement to the 38,2% fibo level around 41,2
Level confirmed by the c target of the abc ongoing correction

stop easy under the last lows around 38,5

targets:
either we are in a impulse wave --> target at least 161,8% fibo at 49 (orange scenario)
or we are in ABC correction (red scenario) --> target when AB=BC, around 47

on the middle term we may be in a 4th wave of a bearish movement, therefore this trade is only for short term
A lower low could come on the long term to complete the pattern

see also .tradingview.com/chart/ ATO /iLDRPY31-ATOS-looking-for-entry-point/