BursaWaveTrader

IRIS - Beginning of New Cycle?

Long
MYX:IRIS   IRIS CORPORATION BHD
Starting new cycle.
Impulse 5 wave and Corrective ABC completed. - See 1 day time frame on the right.

Possibility of ABC or impulse 5 wave.
Now either at the start of wave C or Wave 3.

Trading Plan
Looks more like ABC Zig Zag
TP 1 : 61.8% of wave C @ 0.34
TP2 : 100% of Wave C @ 0.38
Or TP when there is clear 5 waves of C completed

EP : When price breaks 0.305
CL : if price goes below 0.300



Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.