$M has been following elliott wave nicely. Wave-3 was almost 1.62 of wave-1 which is very typical of a stock. With that, as the wave-4 is forming, I am presenting an idea that can lead to ~20% gains during next few days:
Entry: $8.4-8.00
TP1: $10.8-11.2
What do you think about this idea? Leave your comments below.
Have a great weekend!
Disclaimer: This is not a financial advise. Please make your independent decisions while making an investment.
Entry: $8.4-8.00
TP1: $10.8-11.2
What do you think about this idea? Leave your comments below.
Have a great weekend!
Disclaimer: This is not a financial advise. Please make your independent decisions while making an investment.
Trade active
Comment:
Updated chart:
![[Update 10-Jun] $M expected to go higher to $11 in wave-5](https://static.tradingview.com/static/images/svg/idea-image-placeholder.svg)
![[Update 10-Jun] $M expected to go higher to $11 in wave-5](https://s3.tradingview.com/l/LKKq6Ixz_big.png)
Trade closed manually:
Market went below the trend line which invalidates this setup.
Will share updated chart as wave-4 concludes.