JMIA
Updated
African Amazon)
bought earlier - yellow circle. I did not add after the flat was formed, but published d the idea on X. Some comments will add lower
bought earlier - yellow circle. I did not add after the flat was formed, but published d the idea on X. Some comments will add lower
Trade active
Here is the lower time frame - the flat pattern.Wave C equals 1,618 wave.
Note
I will take profit partially, as we have a measured move. Nice profit, almost 85% move (my entry is at $5,4)Note
There is a risk of getting a running flat. Just keep in mind. Note
Almost exactly as forecasted. The decision to take partial profit was right. Will restore the position, as price gets lower within this flat (at least a measured move down)Almost exactly as forecasted. The decision to take partial profit was right. Will restore the position, as price gets lower within this flat (at least a measured move down)
Trade closed manually
My earlier assumption with a flat pattern was invalidated. Now looking at the expanding diagonal that is now at the strong resistance - DMA200 and 50% Fibo.Looks like a reasonable correction will follow
Note
Also - the median of the weekly channel and the Anchored VWAP
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