Commodities, especially the stocks of diversified miners, have a tendency of having complex price patterns.
SSW is no exception and it was a challenge coming up with the best labelling of this chart.
The large structure I am looking at is an expanding flat labelled wave (A) to (C).
In an expanding flat, wave (B) makes a new high relative to the previous top.
Wave (C) has unfolded as an extended impulse.
It is too early to say a low is in at 3542 but if it is in, we could have a double bottom looking at where wave 5 of (C) terminated relative to wave 3 of (C).
Any longs opened should use 3542 as a stop-loss level.
SSW is no exception and it was a challenge coming up with the best labelling of this chart.
The large structure I am looking at is an expanding flat labelled wave (A) to (C).
In an expanding flat, wave (B) makes a new high relative to the previous top.
Wave (C) has unfolded as an extended impulse.
It is too early to say a low is in at 3542 but if it is in, we could have a double bottom looking at where wave 5 of (C) terminated relative to wave 3 of (C).
Any longs opened should use 3542 as a stop-loss level.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.