Stock Screening

Wednesday, August 27, 2014

Sealink buy opportunity @ wave 4 potential reversal zone

I am in Elliot wave trading method about 4 years, one of the wave degree is most comfortable to trade is to look for the wave 4 correction wave end, because the impulse 3 and 5 wave is very profitable and wave 5 is most easy to recognize,  risk to reward is good deal as well
let look at the chart below it is very clear , this counter is have impulse wave uptrend and just completed wave 4 correction wave. this wave 4 correction normaly decouple with internal news and will release good news to push for wave 5 impulse wvae up
The trade will be 0.490 Cut lost with consecutive 1st TP on 0.60 and 2nd TP 0.625 and last will be 0.70... Good Luck !




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