I just wanted to play devil's advocate to ajdourgarian, I don't own any SC. I think each pump is getting smaller, and it may of just had it's last big one for a little bit. Also, I have only been doing TA for like a couple months.
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Also I wanted to point out how each pump gets like more and more sidewaysish. It's like it wants to replicate it self over and over in to one that is laying down.
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acweed7
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Looks like you were correct. Same data I was showing yesterday morning when I was plotting a chart.
Yes SC is taking its time in moving up, sometimes going sideways but SC is building support with time in between pumps. Trend support lines are moving up exponentially from pump to pump as well. Chance of breaking out of current channel with this developing news.
Beastlorion
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lol. Well I'll admnit this is a fairly likely scenario, especially if you are a big elliot wave theorist. Until we break the trend though, there is no way of knowing that this will happen, and price action leads me to believe we're still going strong.