Civic (CVC): What Could be Staggering?

in #civic4 years ago

SUMMARY

Could there be a repeat of a rounded price formation that launches another massive profit potential? I believe so; though all time new highs might not be called. However, IF Civic (CVC) decides to extend the sideways price move; the below wxyxz pathway would best fit the profile. There is a likelihood for this price pathway to occur. However, there is a more primary Elliott Wave count than this.

The below shows that the MACD is not indication further sideways movement but rather a good potential for higher highs (white impulse).

The rally can form a larger rounded bottom pattern which could then significantly corret to 50% or 78% retracement. However, this would setup for a staggering profit potential once the correction completes into late Fall or so. IF correct, it'll be a sight to behold.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
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
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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Thank you for this analysis...let the vertical move begin!

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Impressive, man. I just upvoted you for sure. Smart analysis. But then, I hope the profit does not stagger but is sure. Anyways I'm glad you'll be a sight to behold.

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