Elliot Wave analysis on Lamda
Hi! I'm just trying to learn Elliot Waves. That is an actual trade that I just took.
I bought 50 pcs on 6.135, With a stop loss on 5.85 and a take profit on 6.95.
7 is a psychological number where I assume that the price will retrace. Completing the 3rd wave.
Fitch has increased Greece to BB+ a few days ago that's why most Greek stock's took a bull run.
Let's see if I actually learned something on Elliot Waves... In case you see a mistake please comment so I can correct my trading strategy and style...
I bought 50 pcs on 6.135, With a stop loss on 5.85 and a take profit on 6.95.
7 is a psychological number where I assume that the price will retrace. Completing the 3rd wave.
Fitch has increased Greece to BB+ a few days ago that's why most Greek stock's took a bull run.
Let's see if I actually learned something on Elliot Waves... In case you see a mistake please comment so I can correct my trading strategy and style...
Note
In the daily chart there is 2 divergences in the Awesome Oscillator and it has hit the bottom trend line 4 times the past weeks... Note
It passed The 3 EMA's: 21, 50, 200, and its testing them again. Looks like some strong indications for a strong bull movement.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.