Wave 1 of 5 being a leading diagonal. At the moment Wave 2 of 5.
Resistance (R) : 0.46 Support (S) : 0.43 Entry Price (EP) : 0.445 With strong buy of 5 Market Depth (5MD) Target Price (TP) : 0.47 Stop Loss (SL) : 0.415
Good closing price event during red market, plus rebound in technology sector Catalyst : Vaccine related Resistance (R) : 0.37 Support (S) : 0.34 Entry Price (EP) : 0.355 With strong buy of 5 Market Depth (5MD) Target Price (TP) : 0.38 Stop Loss (SL) : 0.325
Ucrest, Primary wave 4 with zigzag ABC corrective pattern. I think it is near completion probably between 0.28 to 0.285. RSI divergence has formed indicating wave 3 and 5 of subdivision of wave C. If price breaks resistance 0.32, it may trend higher to 0.37 / 0.485 / 0.87 for wave 5
Note - There is some potential on this counter. Suggestion on the chart
Ucrest, Primary wave 4 with zigzag ABC corrective pattern. I think it is near completion probably between 0.28 to 0.285. RSI divergence has formed indicating wave 3 and 5 of subdivision of wave C. If price breaks resistance 0.32, it may trend higher to 0.37 / 0.485 / 0.87 for wave 5
- went through a long period of consolidation - pivot was established at 270 with higher highs - 270 was the entry point - volume was tremendously high after a testing bar at 300 - one should be able to profit much after that - however, the two recent sell-downs meant that the stock is highly manipulated - those who chased high were trapped high up - one should...
UCREST is expected to do deep retracement around 0.235-0.33 before fly. Disclaimer: The idea is just for educational purpose only. TAYOR.
try to find basing area, its not really have to vcp in this case -vcp can be found during a steady stage 2 -in this case, the basing can be 20% to 10% after mark up -the ma50 start to rise together with ma200 (ma50 above ma200)
WAVE 3 EXTENDED FOR UCREST MAYBE COMPLETED AND WAITING FOR PULLBACK CORRECTION WAVE 4. THE ALTERNATION FOR UCREST WE ARE EXPECTED DEEP RETRACEMENT AND SIMPLE CORRECTION.IF WAVE 2 SIDEWAYS MAYBE WAVE 4 TO BE SIMPLE ACCORDING TO ELLIOT WAVE THEORY.
The most of strongest Momentum wave - Golden Wave (impulse) Criteria : Minor wave 3 in 3rd impulse major Elliot Wave Strong Bullish Momentum volume unusual Steepness of a trend line increases from 45% to 70% deg Strong Break in bar retracement symmetry leading to a change in trend behavior Bullish gap up price action