Today, I will share my experience using a revolutionary technique that incorporates the psychology of the masses of investors in the form of repetitive patterns – the Refined Elliott Waves theory, used to share the Romanian company Romgaz (BVB:SNG)
One of the essential lessons in investing is to recognize that the original thinking scenario does not stand at all in the perspective of new structural changes and accept the change regardless of whether you decide to hold an asset, irrespective of what happens in the medium term, being a long-term investor.
And that means standing tall during colossal price drops, having the new structures drawn in place, but standing in front of others who hoped the price would turn around at every depth. Acceptance is vital in life, even more so in investing.
Romgaz Share Chart Analysis
When I invested in Romgaz, the scenario was that the downward movement started on June 28, 2022, until the level established on November 3, 2022, would be just a kind of triangle a-b-c-d-e, a self-standing structure but, as the price builds at this moment, it seems that it was a wrong assumption, it is a leading triangle, but it does not matter what pattern it is, it is only a first segment of a descending structure with at least three divisions.
This analysis will be updated, of course. However, at the moment, if the labeling of the subdivisions of the wave B structure in blue is correct, this structure will have to build wave B, which is particularly complex, until mid-October 2023.
Romgaz Share Strategy
My strategy, according to the way wave b will make, with orange, I will decide if I will exit somewhere on the maximum of W, with or without new transactions taken at the end of wave X, with green, but I will withdraw my trade at the end of wave B, with blue being the third holding in the portfolio.
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