ABCDE correction on wave 2
If my Elliot wave count is correct, then we may be in an abcde triangle pattern.
As we can see on the weekly chart we can see a strong reaction to the golden pocket on December 2. In my opinion, the 2nd wave is in an abcde triangle that is in the processes of forming the E wave and once that occurs we will find about to end soon and then we may be headed towards a 3rd impulse wave.
I'll try to search for E on the daily chart or 4 hour chart by looking for looking for a bullish divergence on the MACD,RSI and William %R as well as some nice volume. If it forms on the golden pocket that will be a nice bonus and it would be strangely appropriate for this stock.
As we can see on the weekly chart we can see a strong reaction to the golden pocket on December 2. In my opinion, the 2nd wave is in an abcde triangle that is in the processes of forming the E wave and once that occurs we will find about to end soon and then we may be headed towards a 3rd impulse wave.
I'll try to search for E on the daily chart or 4 hour chart by looking for looking for a bullish divergence on the MACD,RSI and William %R as well as some nice volume. If it forms on the golden pocket that will be a nice bonus and it would be strangely appropriate for this stock.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.