Hi traders:
PEP also falls on my mid/long term watch for equities buy.
We see price dropped sharply from mid February, and strong bull impulse up.
Price then begin to form a larger continuation correction structure, giving us a good potential opportunities for more buy.
Currently this structure is not complete yet, I would wait for price to tag the bottom of the structure and observe for reversal indication,
or price breaks out of this large correction and in this case I will wait for smaller continuation correction to go long.
Thank you
PEP also falls on my mid/long term watch for equities buy.
We see price dropped sharply from mid February, and strong bull impulse up.
Price then begin to form a larger continuation correction structure, giving us a good potential opportunities for more buy.
Currently this structure is not complete yet, I would wait for price to tag the bottom of the structure and observe for reversal indication,
or price breaks out of this large correction and in this case I will wait for smaller continuation correction to go long.
Thank you
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