Posting this as many of you have asked about what's my view on SAVA. I haven't initiated any trade yet on this ticker but here is my understanding for now.
As detailed in the previous trade update, we went down to $47.77 and bounced back, right above golden zone retracement level at $45.98. While i like the Doji candlestick formed yesterday, i don't see much impulse buying yet and volumes are low. I would wait a few more sessions to see if it closes above $54 with high volume than average and then buy back again.
I see a falling wedge breakout with volume confirmation. I told you it wasn’t going to 45. Not opening a long position at 48 is downright greedy
rbswingtrader
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@ApeishTrades, lol you win... you disagreed with me when it was $55 that it wont go down further. It still hit my target of $51 where i closed my shorts and then i also said, we will get support around $45 area and it went down upto $47.77 (my level was set at $45.98), just $1.79 from my levels. So yeah you won by $1.79 but i took advantage of the slope from $55 to $51 and could have done further as well to $48..... I have posted other post after this post and i went long today post the confirmation like you just described. Not opening a position at $48 is not about being greedy, infact i bought today at $54.50 which is higher price. I like to buy/sell at the confirmation and price doesnt matter to me.
joeal86
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amazing work as always, you should make a YT channel to teach your TA!
rbswingtrader
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@joeal86, thanks. may be a discord in future. Too busy with the day time job right now
neatfreak301
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Thank you man for the updates as we were all waiting /looking forward to hearing back from you.