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Rykin_Capital
Mar 28, 2023 10:57 AM

Morgan Stanley descending. MS Short

Morgan StanleyNYSE

Description

Elliott flat, Gartley 222, Three drives, now past confirmation level. Fairly confident about this one going lower, much lower infact. Apex reaction may indicate end of Wave 5, but there is no way to tell here and now.

We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
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