hussain9

GPRO Trade Setup

NASDAQ:GPRO   GOPRO INC
278 4 7
As we can see in the daily chart , the price is moving between two trends that holding it between 14.84$ high and 8.62$ low .
we will assume that we are at a beginning of a new wave starting from the bottom . We are forming now a 2nd wave wich may be a setup trade for a strong 3rd wave but it needs to hold above 8.26$ to confirm. If my predication is correct , this wave can take us to 13.87$ breaking out the MA50 days and 11.29$ . My stop loss is 8.6$ wich is very low risk as it close to the bottom .
Wave 3 is the best setup for elliott wave traders . All start with predications and the market will confirm or invalidate .Wish for all you the best .
Comment: RSI positive diavergence
Comment: 1 hour chart :
Comment: preparing for a strong move up . keep an eye on this .
Comment:
Comment: update :
Comment: 12.35$
Comment: 13.24
Comment: 15.6$
Comment: 16.9
Comment: 17.15
BOOM! moving today like a wave 3.
Reply
hussain9 moneycat8
yeah . its going up lick a rocket :
Reply
good analysis... thanks!
Reply
you are welcome .
Reply
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