Autoliv Inc. (ALV): Best Time to Take Profits?

haejin (87)in #money • 6 years ago

SUMMARY

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When you see that a chart has run the full course of an impulse cycle such as the one below of Autoliv Inc. (ALV), would you be taking profits or buying like a drunkard sailor? Often at such moments of decision, greed whispers about the possibilities of how price can keep going higher and higher and how the Elliott Wave count could be wrong...and so on. This is where discipline comes into play because that with patience attract profits while greed and fear repel it.

The subwaves count well and jive to the sequence of the higher degree of trend counts. The suwaves of white 5 show that all are placed except for purple 5. I leave the last remaining profit crumbs on the table for the next guy who thinks he can time the exact moment of the top.

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