RSI Oversold
Bought at the retracement levels: 20% at 0.382 ($12.4269)
10% at 0.5 ($12.4697)
10% at 0.618 ($12.5125)
60% at 0.786 ($12.5734)
Stop Loss: $12.651
R:R: 2.9
Price only retraced up to the 0.5 level
Update
Targets
Target 1: 0.286 of the Full Wave ($12.1898) 50%
Target 2: 0.382 of the Full Wave($11.9051) 50%
Assume: Retracement usually ends at the Wave 4 of the previous degree.
Stop Loss
Set as the same currently. Once a new previous high has been set, the Stop Loss will be set lower
Update 2
Targets Update
Prices Retraced to .65 levels.
Assume 1:1 Extension of Wave A:C
Confluent at the 0.382 of the Full Wave and it ends at the end of Wave 4 of the previous degree
Stop Loss Reached at $12.383
UPDATE
Prices Retraced to .65 levels.
Assume 1:1 Extension of Wave A:C
Confluent at the 0.382 of the Full Wave
and it ends at the end of Wave 4 of the previous degree
Set Stop Loss at Wave B Point at $12.4841
Move Stop loss lower when I assumed it was the next high point $12.383.
The position got closed with a 3.25% gain.
Shifted Elliott Wave to the updated position. Price could still retrace to C endpoint.
