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lg389
Mar 18, 2021 10:42 AM

[EW] ASX:BAP targets 1.74 short-term Long

BAPCOR LIMITEDASX

Description

Upcoming downleg will complete wave (v) of [c] to finish off a correction. Even if it combos there is upside regardless if you catch the end of this correction correctly.

Buy region is ~6.17 - ~6.84, but watch for clear rejection of 6.36 (0.618 of previous impulse). Also note the deep retracement of this (iv), may result in truncated (v). Count internal waves on (v).

NFA DYOR

Comment

If price crosses 7.87, wave (iv) was in that choppy movement, dip potential probably invalidated. Unless this advance is wave (ii) somehow.
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