gcg smaller assets trade just as technically as the bigger ones

in this asset we seem to be putting in a elliot wave 2 of a bigger elliot wave set (in red). it topped out with 5 waves at the major resistance line (in pink).i would be looking to be a buyer at the .618 and .786 fibonacci retracment levels. it might take some time so alerts are important! the . 382 retracement level is showing confluence of CURRENT price action. As we get more data we may be able to build a stronger case for the .618 and .786 fibonacci levels. its important to note also the previous price action to build your case for the .618 and .786 retracment levels to the left of the chart. usually where there was a lot of price action in the past we tend to revisit it in the short term. its important to note that we BARELY took out the previous high but we did so the bear scenario would need more price action to show itself.i would be looking to be long with the higher fibonacci targets way up there.the wave 3 target has a potential 500% gain if it hits the . 786 retracement . patience is key so im waiting for it to fall some more but it may take time so set those alerts and always use stop losses. thank you for your time. i hope this will help you in your own analysis



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