Chart Analysis confirms that a strong downtrend is in place and that the market prepare for a A-B-C retracement.
My forecast: Swing trading up +2.46 (+145%%) at $4.16 in 105 days with money management stops.
A bullish divergence indicates that bearish investor sentiment is too extreme, indicating weakness in the downtrend.
The patterns are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The trading strategy is based on the Elliott Wave, learn more here www.tradingview.com/elliott-waves/.
My forecast: Swing trading up +2.46 (+145%%) at $4.16 in 105 days with money management stops.
A bullish divergence indicates that bearish investor sentiment is too extreme, indicating weakness in the downtrend.
The patterns are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The trading strategy is based on the Elliott Wave, learn more here www.tradingview.com/elliott-waves/.
