BYD Short: Price target of $166.8 by EOY

I expect BYD to fall to $166.8 given the following:
1. Price fall before trendline cut = price fall after trendline cut
2. Fibonacci extension level of wave 5 (of C) = 1.618 of wave 1 (of C).

Trade stängt manuellt:

Price movement seemed to have cut short the down fall. I see an ending diagonal now.

Kommentera:

While the trade did work for a couple of days, the move forms in 5 waves before shooting up. Making it a potentially short ending diagonal.

Kommentera:

The fall reignites this original idea :)

Kommentera:

Keeping this short call intact by extent the period to near end Jan 2024.