WXY corrections on a broader time-frame often come when trend direction is confusing/a lot of 'pvp' trading going on. Makes sense thus far as
OPEN at these levels has had a lot of bears enter the scene after it climbed past $9.00 per share so quickly. Currently have 0 exposure to
OPEN, but if this plays out I'll update this idea and enter in with size.
Wave-Count Confidence: Average
Wave-Count Confidence: Average
Trade active
I partially entered yesterday, I will be entering with size on the open tomorrow.Definitely has bottomed, wave-count was a little off but the solution is the same - $11+.
Can share the modified count if anyone really cares.
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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.
