WISH is on the way to make a huge move. We never gonna miss !!
Updated
WISH is clearly offering a golden opportunity to go long.
Stock beautifully completed a 5 declining waves and has started a new motive wave. So far it has completed it's wave 1 of new impulse and more than likely has completed wave 1 of 3 as well and currently is making its wave 2 of 3 which may ends at proposed buy zone shown on the chart corresponding to 0.5 to 0.618 Retracement levels. What all these means? We are ready to catch a golden move !
There are some moments in the market that there should be no more hesitation and thinking. I believe that wish is offering one of those moments. But please take it into consideration that we trade based on facts not hopes and wishes. If you opened the position stick to your stop loss objectively.
Wish you huge profits my friends!
Stock beautifully completed a 5 declining waves and has started a new motive wave. So far it has completed it's wave 1 of new impulse and more than likely has completed wave 1 of 3 as well and currently is making its wave 2 of 3 which may ends at proposed buy zone shown on the chart corresponding to 0.5 to 0.618 Retracement levels. What all these means? We are ready to catch a golden move !
There are some moments in the market that there should be no more hesitation and thinking. I believe that wish is offering one of those moments. But please take it into consideration that we trade based on facts not hopes and wishes. If you opened the position stick to your stop loss objectively.
Wish you huge profits my friends!
Note
It is worth to note that in terms of timing chart is just a schematic drawing. Please disregard dates on the chart.Note
Please keep it in mind that we need a bullish sign to go long at every proposed support (buy) zone.Note
I think it is worth to shed some light on my analysis here :What I have suggested for WISH is an Completed Anti Cycle Elliott waves.
We just ready to catch a new move if it follows our expectations. Otherwise, we do not open the position.
Note
Please take it into consideration that :Managing a trade is something completely different than just opening. Trade management should be an important part of our trading strategy.
Note
We do not go long without bullish signal? Right?Note
Please check out alternative bearish scenario.Related link is provided.
Note
You can set:buy stop: 11.24
Stop loss : 10.25
Reward/ Risk : extremely high
Note
If you open the position stick to stop loss objectively. Bearish scenario is also probableNote
Alternative bearish scenario for wish:
Note
WISH lost the last low (Stop loss). Bearish scenario is more probable now.Note
More drop is expected. As I updated before, alternative bearish scenario is valid.
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