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Smartis
Oct 30, 2019 1:19 PM

Bull run - Wave 3 of Wave 5? Long

AEM SGDSGX

Description

Suspected wave 3
Wave 1 to 2 - retracement of 0.618
Wave 3 - reaching 1.618 to 2.168 range (under monitoring); wait for Wave 4 entry.
3 EMA crossover (22, 55, 100) = positive
E.W invalid if Wave 4 retrace > wave 1

RSI entering > 70 (potential range RSI - 70 to 90; high risk - past history shows up to 90 for AEM; either wave 3 continue or wave 4 in progress)
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Comment

Adjusted wave 3 completion. Retracement possibly in progress to wave 4 of wave 5.
Cup and handle in combination detected.

Comment

Trade closed: target reached

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