Could Bank of America be a point of interest in the next month.
Hellooo
I guess you all realized that how much I am interested in bigger time frames.
Now I have brought you another share that I think will be a really good chance
for our nest weeks trades.
I do not care about last waves before this Leading Diagonal because if this Leading Diagonal is confirmed it does not matter if it wave 1 or wave A of a zigzag.
What we should do is that put it in our watch list and wait and see if its next movements (Correction Pattern) can make us confident about this pattern.
Note that potential retracement for leadinigs is 78.6 even it does not make sense that this huge correction does not make sense.
Inside the correction:
Our Cycle leading (if it is true) ended in the price 50.11 and then its correction started to shape wave (II). In this way, wave A of ABC of wave (II) was finished as a leading diagonal (Primary) and it should continue the of this correction pattern as a ZIGZAG (If wave A of correction is Leading Diagonal so our correction pattern must be a ZIGZAG).
All these ideas are just ideas till our correction pattern completes and then we will decide about Cycle Leading Diagonal entry point.
For now trading we can wait for wave B Primary and then if it corrects logically we can get a Buy Position for wave C primary or if it tries to deceive us with ugly shapes so we will wait till this ABC Primary completes and then get a sell position.
(we will discuss about then in the due time).
Be safe
I guess you all realized that how much I am interested in bigger time frames.
Now I have brought you another share that I think will be a really good chance
for our nest weeks trades.
I do not care about last waves before this Leading Diagonal because if this Leading Diagonal is confirmed it does not matter if it wave 1 or wave A of a zigzag.
What we should do is that put it in our watch list and wait and see if its next movements (Correction Pattern) can make us confident about this pattern.
Note that potential retracement for leadinigs is 78.6 even it does not make sense that this huge correction does not make sense.
Inside the correction:
Our Cycle leading (if it is true) ended in the price 50.11 and then its correction started to shape wave (II). In this way, wave A of ABC of wave (II) was finished as a leading diagonal (Primary) and it should continue the of this correction pattern as a ZIGZAG (If wave A of correction is Leading Diagonal so our correction pattern must be a ZIGZAG).
All these ideas are just ideas till our correction pattern completes and then we will decide about Cycle Leading Diagonal entry point.
For now trading we can wait for wave B Primary and then if it corrects logically we can get a Buy Position for wave C primary or if it tries to deceive us with ugly shapes so we will wait till this ABC Primary completes and then get a sell position.
(we will discuss about then in the due time).
Be safe
AMA