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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