After the formation of bullish triangular structure with wave - e , as a final setback , stock has successfully crossed the level of wave-d . One should go long at current levels keeping the Stop loss below the level of wave-d (120$) or the lows of wave-e (112$)
The target level should be the recent highs that is 138$ and post that level the triangular thrust...
While analyzing the charts if we bring in the element of family into it, it makes a lot of sense and we understand things better. In this example I have put 21period moving average(ma21) and a 10 period exponential moving average(10emaavg) as the parents and the price candle stick representing the child. How parents behave towards the child and what happens when...
