Log scale applied, Elliott waves analysis, as usual.
Not so good liquidity here compared to US stocks but very good setup in which I quite confident. Wave (v) with light blue color is going to unfold as consolidation in wave (iv), shaped as a triangle, comes to an end.
Bigger picture is quite interesting. Black (cycle) wave I shows up again as wave III with some contraction in wave (2) of smaller degree. I will leave big picture as a note. Nicely visible wave personality!
I do not have a clear target now but will see how wave 5 develops. Substantial price run is expected.
Not so good liquidity here compared to US stocks but very good setup in which I quite confident. Wave (v) with light blue color is going to unfold as consolidation in wave (iv), shaped as a triangle, comes to an end.
Bigger picture is quite interesting. Black (cycle) wave I shows up again as wave III with some contraction in wave (2) of smaller degree. I will leave big picture as a note. Nicely visible wave personality!
I do not have a clear target now but will see how wave 5 develops. Substantial price run is expected.
Nota
bigger picture wave count Trade chiuso: stop raggiunto
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.