Hello Traders,
BYD is on path with my forecast. The stock has declined to new lows, and this down-sequence isn't done yet!
On Friday, wave ((3)) has finished @ HK$ 224.60, and wave ((4)) should start.
A target area for this scenario is at or around the HK$ 250 levels.
If Friday's low was not the end of waves((3)), (may a wave 3 of one lower degree has ended), the stock will stay right on his path for lower price in the coming week.
But keep in mind! As steeper the correcting moves, the less the probability for the count is given!
BYD has to charge his battery for a new impulse!
Have a great Sunday.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
BYD is on path with my forecast. The stock has declined to new lows, and this down-sequence isn't done yet!
On Friday, wave ((3)) has finished @ HK$ 224.60, and wave ((4)) should start.
A target area for this scenario is at or around the HK$ 250 levels.
If Friday's low was not the end of waves((3)), (may a wave 3 of one lower degree has ended), the stock will stay right on his path for lower price in the coming week.
But keep in mind! As steeper the correcting moves, the less the probability for the count is given!
BYD has to charge his battery for a new impulse!
Have a great Sunday.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!