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UnknownUnicorn182749
2018년 6월 8일 오전 5시 59분

Long AMP for the next wave higher 

Ameriprise Financial, Inc.NYSE

설명

This daily chart of AMP shows an ongoing impulsive move higher. Looking for the end of Wave 4 before a move back to the highs in Wave 5. I've highlighted the Elliott Wave principle of "alternation" on the chart, which says that the two corrective waves of an impulsive sequence often alternate in form (i.e., sharp vs. sideways, simple vs. complex). With AMP, Wave 2 was a sideways, prolonged correction. Therefore, we look for a sharper and shorter pullback in Wave 4. Initiating a long position at 140 for a move to 190. A move below 115 will cause me to reevaluate the setup.
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