Live Nation Entertainment (LYV) is currently experiencing an
upward Zig-Zag pattern within a Wave 3 impulse, signaling a strong
potential for continued growth. AI analysis supports this outlook,
assigning a high probability that the stock will continue its
upward trajectory. Notably, both the Zig-Zag pattern and AI target
prices converge around the $106 level, reinforcing this bullish
expectation. Additionally, the Directional Movement Index (DMI)
indicator reflects the current trend's strength, further suggesting
that LYV is likely to continue moving higher.
Definitely a swing trade. I'm going based on wave counts and the
embedded zig zag. Unlike a straight wave 3 with no pullbacks (e.g.
the recent SPY wave 3), waves with zig zags in them often allow for
a measured move to predict where that wave will complete (with
varying accuracy that I wouldn't count on going into a day like
tomorrow). The 1st leg is the measuring leg.
LYV - long. 1st target
Posted by bthefnd on 17th of Sep 2024 at 02:27 pm
LYV - long. 1st target = 106.75
Live Nation Entertainment (LYV) is
Posted by bthefnd on 17th of Sep 2024 at 10:30 pm
Live Nation Entertainment (LYV) is currently experiencing an upward Zig-Zag pattern within a Wave 3 impulse, signaling a strong potential for continued growth. AI analysis supports this outlook, assigning a high probability that the stock will continue its upward trajectory. Notably, both the Zig-Zag pattern and AI target prices converge around the $106 level, reinforcing this bullish expectation. Additionally, the Directional Movement Index (DMI) indicator reflects the current trend's strength, further suggesting that LYV is likely to continue moving higher.
Adjusting TP1 to 106 after reading this nugget
That seems logical resistance or
Posted by steveo on 17th of Sep 2024 at 02:48 pm
That seems logical resistance or supply zone, however, I took it short based on RSI14 and way past the BB
Definitely a swing trade. I'm
Posted by bthefnd on 17th of Sep 2024 at 03:00 pm
Definitely a swing trade. I'm going based on wave counts and the embedded zig zag. Unlike a straight wave 3 with no pullbacks (e.g. the recent SPY wave 3), waves with zig zags in them often allow for a measured move to predict where that wave will complete (with varying accuracy that I wouldn't count on going into a day like tomorrow). The 1st leg is the measuring leg.
Ya, its my gut version
Posted by steveo on 18th of Sep 2024 at 12:54 am
Ya, its my gut version of a BPT reversion to mean. I'll set a blow off bottom and no protective stop as there can be a wild swing in the morning.