PSO PROBABLY IN WAVE '' C '' OR " 5 " OF CORRECTION - SHORT

14 apr

This is in continuation to our ongoing tracking of PSO shared earlier in which we are anticipating price to reach 350 - 360 area to go long.

As our MARI trade (long) ended today making reasonable profit freeing our cash and since cash is trash, we have decided to take a small portion of short position in PSO.
If our wave count is correct then we will reach buy zone of 360-350 which will be our target for this short sell trade setup.
Risk/Reward ratio is not so promising on this one but we feel quite confident.

Trade setup:

Entry price: 377.50

Stop loss: 406

Target: 350 - 360

Let see how this plays, Good Luck!

Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.

15 apr

Nota

Update:

Our trade did not get activated and once the price move above 405 this trade setup will get void, as price will most probably keep on rising to reach 417-425 area or higher.

We have also updated our previous PSO chart on how we will trade for long position.