Auropharma - Turning into reality 895 to 580 -What Next?

29 apr 2017

Going below 600 levels- Auropharma can look for support in the zone 570-580 where W-wave which started from 895 to 620 (Precise level-621.90) -projected from 675 High X-Wave (Triangle) shall travel 38.2% at 571 levels which is close to 580 -prior low.

In other words, Y -wave distance started from 675 highs where X-wave(Triangle) ended shall measure 38.2% of the distance in W-wave(895 to 620) at 570 levels.

Calculation
895-620 = 275 - Calculating 38.2% of 275 = 105 points - Now Subtracting from 675 (675-105) = 570
675- X-Wave High

The zone of 570-580 shall be the zone where we can look Auropharma to halt & complete a larger WXY pattern from 895- "Turning into reality" - we shall come back for review later.

Trading Strategy
Going below 600 - we shall be looking for 570-580 as target or support zone- where we come back for review.

Previous Update-
895 - is this end

X-Wave Triangle finished at 675- before finishing we took the leg from 648 to 675

Making of the triangle X wave- 710 haunts both the brothers- Auro & Sun

3 mag 2017

Trade attivo

12:10 Hrs 3rd May2017

Last Price@588

18 -20 Points away -Auropharma should kiss the initial target zone of 570-572.

5 mag 2017

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10:17 Hrs 5th May2017

Last Price@590

Going above 595 - Intraday jump of 600 & beyond 600 for 605 targets can be seen.

So, pullback can be used to take intraday long positions for 600 & above 600 for 605 targets.
Later Falling below 600 & 590 after making new high shall be looked to sell for targets 570-575.

5 mag 2017

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11:21 Hrs 5th May2017

Last Price@600

Intraday Both Target achieved at 605- Last updated at 590

5 mag 2017

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14:07 Hrs 5th May2017

Last Price@587

Booked 23 Points in all for the day.

Booking here again at 587 - Sold below 600 after 606 Highs Target was achieved in Morning!

8 mag 2017

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13:51 Hrs 8th May2017

Last Price@596

Doing some complex correction between 580-600. Above 600 -we shall look for 606-608 Target Zone & Above 610- It will extend to 616-620 Zone as next target zone.

8 mag 2017

Trade attivo

17:52 Hrs 8th May2017

Closing Price- 604.65

Target achieved at 607 suggested in interim update above - long above 600

9 mag 2017

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10:35 Hrs 9th May2017

Last Price@594

Falls just below 610 - we were suppose to buy above 610 - Fantastic slip to 594 from 609.
Falling below 581-583 Zone - likely more weakness & shall kiss the zone 571 as next target level mentioned above.

10 mag 2017

Trade attivo

12:06 Hrs 10th May2017

Last price@616

Target Achieved @620 as expected & suggested in the update -13:51 Hrs @8th May2017 above.