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.
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.
注释
C wave (down leg) is still pending here, waiting for to confirm for next move注释
We seem to have BO, if we have a followup candle, then trade is active for the target. 注释
Yesterday's candle is not bullish, we need bullish follow up candle to confirm BreakOut交易开始
We are nearing target交易结束：到达目标
We are nearing Target, since its Wave5, it is unreliable, once can book profits here.,注释
It may be doing ending diagonal, it is preferrable/safe to book profits here.,
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