SYM PROBABLY IN WAVE " C " - SHORTThis is in continuation to our ongoing tracking of SYM wave structure.
If our wave count is correct then the wave 2 or B has completed and wave C has started which will take prices below 11.52 level but price will have to go below 14.64 level to bring confidence to this wave count.
Alternately, we might still be in wave B which will take price above the 17 level.
I basically don't rely on chart patterns, however if this is a failed triangle breakout then fall that follows are usually sharp and fast.
Trade Setup:
Entry level: 14.63 (50%) & 14 (50%)
Stop loss: last swing high
Target: 12.78
Let see how this plays, Good Luck!
Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.
