WISH is on the way to make a huge move. We never gonna miss !!
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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!
Ghi chú
It is worth to note that in terms of timing chart is just a schematic drawing. Please disregard dates on the chart.Ghi chú
Please keep it in mind that we need a bullish sign to go long at every proposed support (buy) zone.Ghi chú
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.
Ghi chú
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.
Ghi chú
We do not go long without bullish signal? Right?Ghi chú
Please check out alternative bearish scenario.Related link is provided.
Ghi chú
You can set:buy stop: 11.24
Stop loss : 10.25
Reward/ Risk : extremely high
Ghi chú
If you open the position stick to stop loss objectively. Bearish scenario is also probableGhi chú
Alternative bearish scenario for wish:
Ghi chú
WISH lost the last low (Stop loss). Bearish scenario is more probable now.Ghi chú
More drop is expected. As I updated before, alternative bearish scenario is valid.
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