Broadcom (AVGO) can correct till 206, post that a target of 315

18 thg 6

AVGO has completed its lower degree 5 waves and higher degree wave-3.
Currently it is correcting in ABC waves.


Blue line depicts probable path it may take correcting and then taking turn up towards a target of 315, which completes its higher degree Wave-5 and mostly larger Wave-5(Wave-V).

How can one enter ?

Wait for price to correct and make a entry pattern(as per Price action and RSI divergence)
Exit will be around 315 or any rule based system.

When this view will be negated:
If daily price closes below 193.25 above view gets negated.

24 thg 6

Ghi chú

C wave (down leg) is still pending here, waiting for to confirm for next move

25 thg 6

Ghi chú

We seem to have BO, if we have a followup candle, then trade is active for the target.

26 thg 6

Ghi chú

Yesterday's candle is not bullish, we need bullish follow up candle to confirm BreakOut

28 thg 7

Giao dịch đang hoạt động

We are nearing target

29 thg 7

Đóng lệnh: đạt mục tiêu

We are nearing Target, since its Wave5, it is unreliable, once can book profits here.,

6 thg 8

Ghi chú

It may be doing ending diagonal, it is preferrable/safe to book profits here.,