WallStScalper

Why don't you - Why don't I ...BUY very soon?!?

AMEX:TRX   TANZANIAN ROYALTY EXPLORATION CORP
291 1 2
I count 5 waves up from 23rd of dec 2013 - ending at the 14th of march 2014.
Since then it's been making what looks like 3 waves down within a wedge formation ...with what also looks like and impulsive (3 of 3) wave down since the 5th of may 2014.
Is it working on the 4th? (Bear flag!!!) Looks like it!

The big Q is.
Is it a 4th wave with a 5th to come?
The low came in at 1.63 in dec. 2013. If price stays above 1.63 then bounce and make a lift off ..... TRX             could very well be in it's 1st wave of 3.

This makes it a very bullish candidate to invest in..
Indicators:
Fib extension levels comes in twice at 1.68. A bounce from here seems likely.
Fisher 34 has now positive divergens - making the lowest peak when at wave 3 low... (textbook right)
Volume Profile Visible Range: Bulls eager to defend the 1.80 area.

So levels to watch is:
Everything between 1.69 and 1.63
Safe trading ladies & gents!

@BLawrenceM

Music at work:
http://open.spotify.com/track/6GNbmjQVMdEbBu9iohtlmx
https://www.youtube.com/watch?v=5lljh_Ibzdk
Have busted out of the wedge for a possible wave 4
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