Elliot theory says the first bottom (D) should not get a lower low than B, and after E we will see a break to the upside. This type of correction usually happens in the 4th wave or in wave A, so this could be the last wave to the upside.
All other indicators signal a good buy oppertunity.
A lot of people mentioned 500 mark, so im planning to close between 430 & 480 or so.
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Pattern has been completed, but it broke out before it should have. This is obviously a bullish sign.
It has failed breaking new highs in the first attempt and the selling pressure was extremely high.
Perhaps i should but fk u elliot i dont feel comfortable longing this
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Changed my mind, i opened a small long at BFX @ 367.15. Opening more at 355~