Chart below shows weekly chart analysis. We square the low of 22 April 2024.
Price objective on upside is achieved one week before with a 50% time objective. As price was early and moving with double speed it needed a price adjustment which was seen quickly on it. Whenever price moves ahead of time and price targets are achieved one needs to book profits as price can correct with time. Same was seen on Tesla with one price cycle correction within a short period of time. We are within the annual cycle completion band. The price of 269 is very important for it.
Happy Trading !!!
N.B. Not a financial advice to buy or sell.
With usual disclaimers as applicable within the reach of this
beautiful trading analysis platform. Thanks to the developers
of the program for this opportunity to use it freely to
express our ideas to the community of traders.
Price objective on upside is achieved one week before with a 50% time objective. As price was early and moving with double speed it needed a price adjustment which was seen quickly on it. Whenever price moves ahead of time and price targets are achieved one needs to book profits as price can correct with time. Same was seen on Tesla with one price cycle correction within a short period of time. We are within the annual cycle completion band. The price of 269 is very important for it.
Happy Trading !!!
N.B. Not a financial advice to buy or sell.
With usual disclaimers as applicable within the reach of this
beautiful trading analysis platform. Thanks to the developers
of the program for this opportunity to use it freely to
express our ideas to the community of traders.
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.
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.