$ABBA ELLIOT WAVE CORRECTION

ABBA

After making a big rally from 50 to 735, ABBA should make its correction.

My prediction :

1 ) Entry point : 450
We can make a partial entry at 450 ( FIBO 1.414 ) in case it will still go down to touch 410 ( FIBO 1.618 ).
We can refer back to indicators which is MACD and STOCH to open a trade when the price touch 450.

2 ) Entry point : 410
FIBO 1.618 serve as strong support reversal point, thus we can open position here with 3% SL risk.


( For numbers please refer back to chart )

Disclamer ON, all published ideas merely my opinion to certain STOCK. It is advisable to do your own analysis and research before entering a certain trade.
Happy Profitable Trading.