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DanielDimes
Feb 25, 2021 1:06 AM

$BQX/$VGX Elliott Wave Prediction Long

Description

BQX/VGX appears to be following an overall upwards trend of a leading and expanding diagonal. Resistance and support lines were plotted through the use of Fibonacci ratios and may serve as indicators for stop buys and stop losses. Some of those lines, however, specifically indicate sell/buy opportunities as indicated by the green and orange lines (and the giant text lmao), respectively. Fibonacci time zones was also added to provide a prediction of market movement.
I am still relatively new to all this and would like to continue learning, so please feel free to share any comments or criticism about the prediction.
Comments
OnlyMajorMoves
change to log scale
DanielDimes
@OnlyMajorMoves, thanks for the suggestion but may I ask what the benefits of this would be?
OnlyMajorMoves
@danielaguirre639 exponential growth requires exponential y axis.... if u change to log that curved line that connects all the dips will become straight line
UnknownUnicorn3811160
Very nice!
DanielDimes
@AdamFleish thank you!
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