Cindicator (CND): Next Rally Could Deliver Profits
The form and fit condition of any pattern and Elliott Waves is very simple; it has look right. That is the most subjective part of Technical Analysis. For instance, if it doesn't look impulsive; it probably isn't; although there are exceptions.
The below chart of Cindicator (CND) is displaying the right look countours of a 2/3 complete rounded bottom pattern. The right wall building should be initiated by a breakout and since the MACD has already done so; price is following. So, what's next?
Extrapolating the symmetry of the rounded blue price formation (blue arrow); the basin phase can be seen to be nearly complete. The impulse waves (white) could start slow as wave 2 is often lazy in time; but 3,4 and 5 should deliver some staggering profits.
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Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
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