TAP forming elliot wave @ .385 retracement Long

Molson Coors Beverage CompanyNYSE

Description

⋅ Mar 2, 2017 3:11 PM

TAP is currently forming an elliot wave pattern and is down to its .386 retracement. This is a good opportunity to go long.

Date discovered: 03/01/2017
Position: LONG
Entry: 99.10
Stop:98.60
Exit: 104

Comment

⋅ Mar 3, 2017 7:02 PM

Now would be a good time to enter this trade. It's forming a strong envelopment pattern and just busted out of its wedge.