Potential Long SwingTrading Opportunity on $W Wafair Inc
Brief video setting up a potential Long Swingtrading opportunity on the Wayfair Inc Stock using our Elliottwave Indicator suite.
Main focus in this video is using all the tools to measure the wave 4 profit taking pullback. Then looking at a sensible entry strategy for that high probability 5th wave move.
If the stop for the order is broken, we cancel, and wait for support to be found. If support is then found and all of out tools for measuring the wave 4 are sill looking good, then we adjust and setup the trade again. If not, then we must have the discipline to walk away from the trade setup.
Main focus in this video is using all the tools to measure the wave 4 profit taking pullback. Then looking at a sensible entry strategy for that high probability 5th wave move.
If the stop for the order is broken, we cancel, and wait for support to be found. If support is then found and all of out tools for measuring the wave 4 are sill looking good, then we adjust and setup the trade again. If not, then we must have the discipline to walk away from the trade setup.
Comment:
Adjusted Stop loss fore the order compensating for new wave 4 low yesterday. Risk to reward with same entry is still good to the automated 5th wave target zone
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