Bullish Breakout - Elliot Theory

26. Feb. 2019

I have been watching this stock for months. I started to realize Elliot wave theory was occurring once it did the first 5 waves in Dec 2017. From then on it looks like It did a double three wave followed by an ascending triangle with the E wave overshooting just as Mr Elliot has theorized . However I am not sure at what stage the larger trend is in . I believe that the first 5 waves indicate wave 1 and then the WXY plus the triangle are Wave 2 however , it is said that wave 2 never or rarely ever does a double correction on those corrections only occur in wave B or wave 4 but if correct would indicate the start of Wave 3. If anyone has other interpretations please post.

26. Feb. 2019

Trade ist aktiv

The RSI trend has been broken and the MACD is about to cross the 0 line.

26. Feb. 2019

Anmerkung

26. Feb. 2019

Trade ist aktiv

There is also a bullish pennant breakout