Possibly the price has reached its Daily Cycle Low on Friday, July 22. Expecting rebound to 50.50 in the first decade of August. ------------------- First buy limit activated @ 45.72 (DMA200) Another buy limit @ 44.54 (162% fibo of wave C of W formation / major weekly support) ------------------- Rationale: MA200 reached (Daily close confirmation) Diagonal triangle formed, Bearish wave likely completed (Weak) Bullish Price/Oscillator Divergence + buy area reached (based on previous DCLs) Daily Sentiment Index @ 35% bulls Expected DCL on July 21-26 ------------------------------- Daily close below 44.00 next week invalidates this idea. First warning sign if daily close is below DMA200 or 46.90 resistance stands. ------------------------------- Safe trades!
Order cancelled
⋅
2nd buylimit move @ 44.83
Comment
⋅
Final buylimit @ 43.72
Trade active
⋅
Preparing for take-off. Tgt adjustments 46/48
Comment
⋅
Knife catching roadmap for current preferred scenario
Trade active
⋅
Well, averaged down to 44.23. Fridays' move looks like a corrective one, thus expecting at least one more impulse to the south. Planning to get rid of some longs @ 44-45 first and then we'll see.
Trade active
⋅
Well, have 6 long entries at present avg @ 43.61 Blue scenario preferred: thus it makes sense to fix profit in blue box TP1 44.04 TP2 44.53 TP3 45.08
Comments
aleIas
⋅
Closed all remaining longs @ 45.41, I am still bullish, but there is a good chance the 4-days move was a part of Blue scenario targeting new lows
aleIas
⋅
One more long @ 42.65) Continuing to add to long position