Called the last move up, and I'll admit I do not have a solidly working micro-wave count to justify this being the end of wave 3, heck this could be in the midst of some wave extension, which means we would dip sub $9 and could make a full recoup, but based on the VWAP lines we have, I don't want to make that assumption.
Looking for us to close above the significant VWAP formed from the local low we made before taking off. Want this to happen even though we're expecting the market to gap down tomorrow open.
Price point of Invalidation, technically - $9.50, but I am setting my stoploss at $9.20. will be entering light and adding more heavily once we have that confirmed close above that VWAP line (Roughly above $11.20)
Wave-Count Confidence: Average
Looking for us to close above the significant VWAP formed from the local low we made before taking off. Want this to happen even though we're expecting the market to gap down tomorrow open.
Price point of Invalidation, technically - $9.50, but I am setting my stoploss at $9.20. will be entering light and adding more heavily once we have that confirmed close above that VWAP line (Roughly above $11.20)
Wave-Count Confidence: Average
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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.