Although Loom has not reached its all-time losing target (the bottom area is estimated at 500 sts), Loom has almost reacted to the market by creating a 5-zone fail zone with a 2-zone bottom at 1020.
This is a very good signal, the current wave of rising again Loom is generating waves Elliott Leading, correcting the area will be strong gains in the next two weeks.
We recommend that you trade the following orders:
EP: 1123-1190
(PO [z] => SL and Buy at 505 - 510)
TP: 2700
TG: 3700
And you, let us know your thoughts by the comments below, like and subcribe if you like, thank you!
Team Trade +