FB in a micro cycle climb. Anything below the 20 EMA is no longer a backtest the elliot wave is invalidated, but 300.50-297 is a pretty strong buy zone for a potential wave 5 with an upside target of 330. I am not sure it will ever get that low, but I stick to my buy zones , so if we hit 300.50 I will add calls with a stop loss at the 20 EMA
What is the duration you are looking at? Like when do you think it will touch 330.
NapoleonStockS
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@Garudadwaja, Each of the previous waves were around 1 month, so thats where I would set my theoretical timetable. Time is always very hard to pinpoint, so try and find a timeframe you are comfortable when making your decision
Like when do you think it will touch 330.