RGSE Uptrend continuation tomorrow

49 0 2
Lot's going on here. Uptrend Elliot wave , stepping up, consolidate and repeat. Here I've listed today as the end of the third leg or second correction however if we continue sideways, a pennant completes on Monday the 28th (4a).

Elliot wave theory states that, "If Wave 2 is sideways, Wave 4 will be sharp." Here we see wave 4 was a much sharper correction than wave 2, lending towards todays             decline as the end of the 4th leg and tomorrow beginning the 5th. Also, the rise in wave one is equal to the rise in wave 5. There was a .50 rise in the first wave, so the fifth wave could take us close to the 2$ mark.

Plenty of uptrend support in the 1.29-1.32 area in the coming days, if it can maintain the purple trend line support the 50 Day SMA will be held by Wednesday.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out