Hello Traders,
BYD bounced off the level @ 261 HK$, as I mentioned per my later analysis! In consequence, it ran to 302.-! This could be waves (i) or a wave a of (b) of ((ii))!
In the corrective case, at 325.80, waves c=a of (b), and the next move should be down to 245.80 HK$! This would complete waves (c) of ((ii))!
If the weakness to 261 HKD was all of the correction, the waves should extend to 333.- HKD from these levels or slightly lower areas!
A break of 261.- would negate the bullish view for a moment!
Have a great weekend.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
BYD bounced off the level @ 261 HK$, as I mentioned per my later analysis! In consequence, it ran to 302.-! This could be waves (i) or a wave a of (b) of ((ii))!
In the corrective case, at 325.80, waves c=a of (b), and the next move should be down to 245.80 HK$! This would complete waves (c) of ((ii))!
If the weakness to 261 HKD was all of the correction, the waves should extend to 333.- HKD from these levels or slightly lower areas!
A break of 261.- would negate the bullish view for a moment!
Have a great weekend.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!