hey everyone im bringing this video to alert you of a potential trade that you can profit from longterm.
Walmart is finding heavy resistance at the current level. we have an ending 5th wave ending diagonal forming on what looks to be a wave 3 of the bigger set of 5 elliot waves. this type of behavior if very bearish. An ending 5th wave diagonal is typically found in the last push up to complete 5 waves. we have multiple weekly rejection candles as well. The weekly MACD is about to cross to the downside as well. The RSI is not oversold on any of the bigger time frames so this leads me to believe we will get a correction with continued upside later on.
enjoy the video
if you have any questions or comments please feel free to post them below or PM me. i am taking chart requests free of charge. i will do a full video analysis for you no strings attached
take care guys and gals
happy trading
Rigo
Walmart is finding heavy resistance at the current level. we have an ending 5th wave ending diagonal forming on what looks to be a wave 3 of the bigger set of 5 elliot waves. this type of behavior if very bearish. An ending 5th wave diagonal is typically found in the last push up to complete 5 waves. we have multiple weekly rejection candles as well. The weekly MACD is about to cross to the downside as well. The RSI is not oversold on any of the bigger time frames so this leads me to believe we will get a correction with continued upside later on.
enjoy the video
if you have any questions or comments please feel free to post them below or PM me. i am taking chart requests free of charge. i will do a full video analysis for you no strings attached
take care guys and gals
happy trading
Rigo