Atom is forming a giant Head and Shoulders with Wave B confirming a previous Wave A correction. They gave us another opportunity to short Atom here. These Wave corrections are based off of the Fibonacci levels that date back to Wave 1. Momentum and RSI are showing bearish divergence as well. I believe we’ll hit the 0.618 on this next wave down. This could take a week to get down to my target, so this is more of a longer term short. Be patient!
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
Comment:
I closed my trade and I printed a 131% profit ✅