Broadcom (AVGO) can correct till 206, post that a target of 315

18 giu

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.

24 giu

Nota

C wave (down leg) is still pending here, waiting for to confirm for next move

25 giu

Nota

We seem to have BO, if we have a followup candle, then trade is active for the target.

26 giu

Nota

Yesterday's candle is not bullish, we need bullish follow up candle to confirm BreakOut

28 lug

Trade attivo

We are nearing target

29 lug

Trade chiuso: obiettivo raggiunto

We are nearing Target, since its Wave5, it is unreliable, once can book profits here.,

6 ago

Nota

It may be doing ending diagonal, it is preferrable/safe to book profits here.,