RajDhall
Long

Long term test up for Lloyds Banking Group

LSE:LLOY   LLOYDS BANKING GROUP PLC ORD 10P
96 views
3
96 5
looking for a long term test of 75p, wait for the retracement first.
Kind regards

Rajan Dhall MSTA
fxdaily.co.uk
RajDall,, Good morning young man hope your well,, Im sure we are now in wave 5 for Lloyds so I'm trying to get some target figures in my head for the conclusion of the wave bearing in mind that 74/75 will be strong resistance ,,I'm also aware that generally wave 5 terminates either 38% or 62% from wave 1 to the end of wave 3 and that gives us 25/05 or 19/07. Do you have any thoughts and how many sub waves are there generally in wave 5 because if its 5 then it would seem that we do have further to go,, interesting times. cheers
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RajDhall richie165
@richie165, In this wave my personal target would be the 74 level and wait for a reaction. Then a correction of 50% or so (of that wave). But this trend has been strong this year!
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richie165 RajDhall
@RajDhall,

Cheers RD and is this wave , 3 or 5 sub waves to 74.
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RajDhall richie165
@richie165, because of the 62.18 test lower it looks like a wave 5. But take this with a pinch of salt and ride the trend if you can
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richie165 RajDhall
@RajDhall,

Makes good sense !!!!!!!!!!!!!!!!
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