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CoinedByCrypto
Aug 16, 2013 1:47 AM

A TRX study from different angles Part 1 Long

TRX Gold CorporationArca

Description

This is my study of TRX beginning with a weekly view using Elliott wave.

I'm long term bullish on the stock.

I see TRX being in a triangle making a push up an break out after making an e-wave or an alt c-wave. The push will be in 5 waves up where it will meet the red resistance line. Here it will be determent whether it will be the alt d-wave and thus have a continuation out of the triangle pattern or we see an alt e-wave before turning up again. If the latter I expected the e-wave to meet the middle of the triangle wave before turning up.
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