Stock Practice #3
Multiple confluences of bear trend -
1. Creating a picture perfect Elliot wave pattern called Impulse Wave Ending Diagonal.
2. Could also be called a rising wedge that will produce a bear trend.
3. Bear divergences occurring in multiple time frames.
4. ATR at mutl-year highs, could help with the breakdown of the rising wedge pattern.
Wait for confirmations for trend-line break.
Multiple confluences of bear trend -
1. Creating a picture perfect Elliot wave pattern called Impulse Wave Ending Diagonal.
2. Could also be called a rising wedge that will produce a bear trend.
3. Bear divergences occurring in multiple time frames.
4. ATR at mutl-year highs, could help with the breakdown of the rising wedge pattern.
Wait for confirmations for trend-line break.
Comment:
Target hit