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Looking for Elliot Waves currently after a huge 70%+ over the last 7 days of trading.
Wave 1: was an incredible 527% gain which started on the 13th March.
Wave 2: Bounced perfectly off the .382 Fib Retracement (Strong Bullish Bounce) after a well deserved consolidation.
Wave 3: (Current) Has had another great run of 70% over 7 Days. Aiming for the 2.618 Fib Extension of "Wave 2" to complete the third leg before it will be due for the important "Wave 4" Retrace.
Wave 4: We need to see this retrace ideally bounce off the .236 / .382 to form enough bullish momentum for "Wave 5" and that will be our entry zone!!.
Wave 5: (Target) looking for 50/70% if previous criteria is met. Entry will depend on .236/ .382 level reaction.
Looking for at "Wave 4" level
-Candlestick Patterns (Bullish Abandoned Baby, Bull Hammer, Morning Star)
-Break in Down Trend
-MACD (Direction, Strength, Momentum)
-RSI (Oversold Region, Trend Break)
-CCI (possible bullish divergence)
We are seeing an increase in online shopping during the Coronavirus Pandemic. New lockdowns have begun in Australia and less people are wanting to go shopping due to fear and lack of supermarket stock, why not stay safe and order online??
Watchlist Worthy
These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
Looking for Elliot Waves currently after a huge 70%+ over the last 7 days of trading.
Wave 1: was an incredible 527% gain which started on the 13th March.
Wave 2: Bounced perfectly off the .382 Fib Retracement (Strong Bullish Bounce) after a well deserved consolidation.
Wave 3: (Current) Has had another great run of 70% over 7 Days. Aiming for the 2.618 Fib Extension of "Wave 2" to complete the third leg before it will be due for the important "Wave 4" Retrace.
Wave 4: We need to see this retrace ideally bounce off the .236 / .382 to form enough bullish momentum for "Wave 5" and that will be our entry zone!!.
Wave 5: (Target) looking for 50/70% if previous criteria is met. Entry will depend on .236/ .382 level reaction.
Looking for at "Wave 4" level
-Candlestick Patterns (Bullish Abandoned Baby, Bull Hammer, Morning Star)
-Break in Down Trend
-MACD (Direction, Strength, Momentum)
-RSI (Oversold Region, Trend Break)
-CCI (possible bullish divergence)
We are seeing an increase in online shopping during the Coronavirus Pandemic. New lockdowns have begun in Australia and less people are wanting to go shopping due to fear and lack of supermarket stock, why not stay safe and order online??
Watchlist Worthy
These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!