Going below 600 levels- Auropharma can look for support in the zone 570-580 where W-wave which started from 895 to 620 (Precise level-621.90) -projected from 675 High X-Wave (Triangle) shall travel 38.2% at 571 levels which is close to 580 -prior low.
In other words, Y -wave distance started from 675 highs where X-wave(Triangle) ended shall measure 38.2% of the distance in W-wave(895 to 620) at 570 levels.
Calculation 895-620 = 275 - Calculating 38.2% of 275 = 105 points - Now Subtracting from 675 (675-105) = 570 675- X-Wave High
The zone of 570-580 shall be the zone where we can look Auropharma to halt & complete a larger WXY pattern from 895- "Turning into reality" - we shall come back for review later.
Trading Strategy Going below 600 - we shall be looking for 570-580 as target or support zone- where we come back for review.
Previous Update- 895 - is this end
X-Wave Triangle finished at 675- before finishing we took the leg from 648 to 675
Making of the triangle X wave- 710 haunts both the brothers- Auro & Sun
Trade aktif
12:10 Hrs 3rd May2017
Last Price@588
18 -20 Points away -Auropharma should kiss the initial target zone of 570-572.
Trade aktif
10:17 Hrs 5th May2017
Last Price@590
Going above 595 - Intraday jump of 600 & beyond 600 for 605 targets can be seen.
So, pullback can be used to take intraday long positions for 600 & above 600 for 605 targets. Later Falling below 600 & 590 after making new high shall be looked to sell for targets 570-575.
Trade aktif
11:21 Hrs 5th May2017
Last Price@600
Intraday Both Target achieved at 605- Last updated at 590
Trade aktif
14:07 Hrs 5th May2017
Last Price@587
Booked 23 Points in all for the day.
Booking here again at 587 - Sold below 600 after 606 Highs Target was achieved in Morning!
Trade aktif
13:51 Hrs 8th May2017
Last Price@596
Doing some complex correction between 580-600. Above 600 -we shall look for 606-608 Target Zone & Above 610- It will extend to 616-620 Zone as next target zone.
Trade aktif
17:52 Hrs 8th May2017
Closing Price- 604.65
Target achieved at 607 suggested in interim update above - long above 600
Trade aktif
10:35 Hrs 9th May2017
Last Price@594
Falls just below 610 - we were suppose to buy above 610 - Fantastic slip to 594 from 609. Falling below 581-583 Zone - likely more weakness & shall kiss the zone 571 as next target level mentioned above.
Trade aktif
12:06 Hrs 10th May2017
Last price@616
Target Achieved @620 as expected & suggested in the update -13:51 Hrs @8th May2017 above.
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