Kinnari_Prajapati

Elliott wave projection on GLUU with detailed study !

NASDAQ:GLUU   GLU MOBILE INC
Hello! Friends,

I can with new research an idea but, before to start talk about technical Let's share your LOVE by giving me LIKES and COMMENTS. Thanks in advanced .
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so where were we ? yes ...Technical talk on GLUU.
in this chart i have given 2 parts
1) History of previous moves
2) EW analysis
you can skip part 1 If you have very little time.
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(1) History of previous moves :-

(i) 25 oct, 2019 : we have seen big volume flow and we can see here bulls were ready to take step. they have started consolidation but still seller were in market so they have tried to push down bull's were to lose their position but at the same time consolidation/value area's upper bowendry and acted as support line.
after gapdown bulls had lost their Control and selling had started and support line had broken their support level at 8 $.
selling was going on with even low volume .


(ii) 1 Aug , 2019 :
seller had come with huge volume
and finally after support line ... extention had broken.stock have faced big gapdown in past but this was very effective.


( iii ) 2 aug 2019 - 4 feb 2020

Stock have Measured patience by sidewave. bull were intrested but sellers were trying to push down.

(iv) 30 may 2020 -

stock had made new low 3.92 oh no ! it was not low it was significant low for any buyer. time had come ... bulls were waiting for this price because you can see after long time price have make new LL. now bulls have entered. initiative was very important to take charge from bears.
let's check part 2
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(2)EW analysis :
Here we can see that "wave 3" is extensive wave. Wave 4 is not overlapping wave 1. wave 3 is extenstive so I am not expecting "extection of wave 5" and as you can see Wave 4 is making Triple zigzag . we all know that wave 5 always follows wave 4.
so long wave 4 indicates that wave 5 must be short but it will 100 % of wave 1.
we can also see that their is one possibility of fifth wave failure but primary trend is running so we can expect wave 5 without failure. price have also make small turn at 10.78 so we can figureout as resistance and support level is 8.20 at this time.
wave 4 have take 35 days to form . we all know that wave 3 is fast to form then other Impulsive waves . it has taken 24 days to form.
so wave 5 will travel upto 50 to 61.8 % as we have Measured.
I will Update major moves.
That's it ...
Thanks for your vlueable time .
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Comments

Hi Kinnari

Could please do analysis on AUDUSD forex and post it
+2 Reply
seanpark675 Davebhojwani
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Kinnari_Prajapati Davebhojwani
@Davebhojwani, i have made it .......... i will upload today
Reply
Davebhojwani Kinnari_Prajapati
@Kinnari_Prajapati, Thank you very much.
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You are doing it wrong, this is the correct way
+1 Reply
Kinnari_Prajapati BakiShirzadi
@BakiShirzadi, ok let's see
Reply
BakiShirzadi Kinnari_Prajapati
@Kinnari_Prajapati, Im not disrespecting, just showing u the right way. ELliot is a thing of the past. the market has changed now.
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BakiShirzadi Kinnari_Prajapati
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this idea it's still available after this dump?
Reply
Very appreciated dear Madam! Thank you. It could be nice to see your appreciation please, about another stocks about technologies like GLUU, maybe HIMAX TECHNOLOGIES and IMPINJ INC. Thank you dear Kinnari!
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