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BursaWaveTrader
Oct 11, 2020 5:01 AM

IRIS - Beginning of New Cycle? Long

IRIS CORPORATION BHDMYX

Description

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


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