OMG: saucer Base forming
Good morning,
Although I love the Elliot-wave theory a lot, I saw a pattern forming that we don't see that much. A saucer-base, which is NOT a cup and handle. The dept of the saucer is less than 20% as it needs to be. The length of the saucer normally is between 7 to 65 weeks so its one week shorter. I think its creating a nice buy in opportunity here. Save trades!
(this is not a buy or sell advise) Make your own wise decisions.
Greets from Belgium!
Although I love the Elliot-wave theory a lot, I saw a pattern forming that we don't see that much. A saucer-base, which is NOT a cup and handle. The dept of the saucer is less than 20% as it needs to be. The length of the saucer normally is between 7 to 65 weeks so its one week shorter. I think its creating a nice buy in opportunity here. Save trades!
(this is not a buy or sell advise) Make your own wise decisions.
Greets from Belgium!
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