ALGO has completed the fourth wave of an impulsive move to the upside.
Further upward movement is expected in wave five towards previous structure.
This is a low risk buy setup since any price closing below the top of the first wave would invalidate the pattern, giving a very certain stop loss for this trade.
I have marked this using the red line on the graph.
Target: $1.35
Stop: $0.95
Let's see how things play out!
Further upward movement is expected in wave five towards previous structure.
This is a low risk buy setup since any price closing below the top of the first wave would invalidate the pattern, giving a very certain stop loss for this trade.
I have marked this using the red line on the graph.
Target: $1.35
Stop: $0.95
Let's see how things play out!