Action: Set limit sell orders between $204.27 and $198.96
Stop Loss: $207.13
Take Profit: $191.64
Order valid: 12 hours from publication
RSI is about to bearishly diverge heavily on the 45-minute chart and there is a clear 5 wave count.
Wave 3 here (in white) was roughly the same length as wave one, so it is very likely that wave 5 (in white) will only reach a maximum of 0.786 x wave 1 added onto the end of wave 4.
This count could, of course, be wrong and if the price moves up to the stop loss, this is very bullish and you should take a loss.
Disclaimer: This material should not be the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions, and is not related to the provision of advisory services regarding investment, nor is a recommendation being provided to buy, sell or purchase any good or product.
Stop Loss: $207.13
Take Profit: $191.64
Order valid: 12 hours from publication
RSI is about to bearishly diverge heavily on the 45-minute chart and there is a clear 5 wave count.
Wave 3 here (in white) was roughly the same length as wave one, so it is very likely that wave 5 (in white) will only reach a maximum of 0.786 x wave 1 added onto the end of wave 4.
This count could, of course, be wrong and if the price moves up to the stop loss, this is very bullish and you should take a loss.
Disclaimer: This material should not be the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions, and is not related to the provision of advisory services regarding investment, nor is a recommendation being provided to buy, sell or purchase any good or product.