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UnknownUnicorn182749
8 Th06 2018 05:59

Long AMP for the next wave higher Giá lên

Ameriprise Financial, Inc.NYSE

Mô tả

This daily chart of AMP shows an ongoing impulsive move higher. Looking for the end of Wave 4 before a move back to the highs in Wave 5. I've highlighted the Elliott Wave principle of "alternation" on the chart, which says that the two corrective waves of an impulsive sequence often alternate in form (i.e., sharp vs. sideways, simple vs. complex). With AMP, Wave 2 was a sideways, prolonged correction. Therefore, we look for a sharper and shorter pullback in Wave 4. Initiating a long position at 140 for a move to 190. A move below 115 will cause me to reevaluate the setup.
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