Elliot Wave Count
The chart below is show 4 consecutive waves degree suggesting the stock is going up with strong up swing momentum, I am just draw out 3 wave degree to make the chart easy to read.
The main trend is primary degree, which will pulling institutional traders attention, follow by minor is med term investor and last is minute position trader. I like this trade is have 3 reasons.
![](/files/my/blog/img/bl1713_elliotwave_klse_ta.jpg)
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3 consecutive waves degree is pointing to north is wave 3 breakout, it is most profitable trade and strongest and longest trend in Elliott wave theory, if trend is work out, well
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Smallest wave degree is wave 2 correction ending, which means wave 3 will begin soon, once it work out go beyond the territory of wave 1 peak(0.835), prices will accelerate and it will speedy upward, in this case we had 4 consecutive wave 3 is pointing up, it will carry very meaning ride for Institutional traders.I am anticipate most likely it will break and go beyong 0,835
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0.765 support tested many time and hold strong, it is typical signal to comfirm wave 2 is ending/ended, it make a trade here and stop loss below it will give very good risk to reward ration.
Trade plan
Institutional Trader Trade Plan
Action : buy, 4 wave degrees uptrend
Type signal : Breakout, conservative
Applies to : Institutional Trader (Primary)
Conservative Target :0.865
2nd Target :1.03
Exit Alert :0.730
Med Term investor Plan
Action : buy, 3 wave degrees uptrend
Type signal : Breakout, conservative
Applies to : Med Term investor(Minor)
Conservative Target :0.855
2nd Target :0..955
Exit Alert :0.730
Position traders Trade Plan
Action : buy, 2 wave degrees uptrend
Type signal : RETRACE, aggressive
Applies to : Future traders(Minute)
Conservative Target :0.860
2nd Target :0.950
Exit Alert :0.730
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Syndicate_101
buy !!! buy !!! and I buy !!! thanks for esceram and I earn 2 round liau
2015-03-27 12:16