Largo
AMARAJABAT - Testing 55EMA
AMARAJABAT is testing the 55EMA resistance, if it breaks, we could see a good third wave of a long term elliot wave.
Having reached 50% of the minor wave already and bounced upwards, its unlikely that we see a downtrend, but in case of downtrend, the best entry would be at 582-604 range, which are 65%-61.8% fib retracement levels.
Current Setup:
-----------------
Entry - 740 (modest)
Exit - 1344
SL - 715 (1% below current 55EMA), 705 (2% below)
Disclaimer: This is not financial advice, please do your own research before making any trading decisions.
Having reached 50% of the minor wave already and bounced upwards, its unlikely that we see a downtrend, but in case of downtrend, the best entry would be at 582-604 range, which are 65%-61.8% fib retracement levels.
Current Setup:
-----------------
Entry - 740 (modest)
Exit - 1344
SL - 715 (1% below current 55EMA), 705 (2% below)
Disclaimer: This is not financial advice, please do your own research before making any trading decisions.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.