JMIA

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African Amazon)
bought earlier - yellow circle. I did not add after the flat was formed, but published d the idea on X. Some comments will add lower
Zlecenie aktywne
Here is the lower time frame - the flat pattern.
Wave C equals 1,618 wave.
snapshot
Uwaga
I will take profit partially, as we have a measured move. Nice profit, almost 85% move (my entry is at $5,4)
Uwaga
There is a risk of getting a running flat. Just keep in mind.
snapshot
Uwaga
Almost exactly as forecasted. The decision to take partial profit was right. Will restore the position, as price gets lower within this flat (at least a measured move down)
Almost exactly as forecasted. The decision to take partial profit was right. Will restore the position, as price gets lower within this flat (at least a measured move down)
Zlecenie zamknięto ręcznie
My earlier assumption with a flat pattern was invalidated. Now looking at the expanding diagonal that is now at the strong resistance - DMA200 and 50% Fibo.
Looks like a reasonable correction will follow
snapshot
Uwaga
Also - the median of the weekly channel and the Anchored VWAP
snapshot
Elliott WaveTrend AnalysisWave Analysis

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