hi all
The correction that I told in my previous idea is now finished.
wave 1 and 2 are done, so the Fibonacci extension can be made for the calculation for wave 3.4.5 (yellow)
wave3 we can divided again in an Elliot wave (purple)
It can be that the 1.618 Fibonacci is a resistance for wave 3, but most likely it's a support for wave 4.
Hint: The revenues that are...
hi all
we had the Elliot impulse wave(12345), now we need to see a correction wave (ABC).
The Fibonacci retracements are telling me that were are going under 10$ for a buy-zone.
It can stop at 78.6% but mostly it goes all the way to 95%.
It depends on the Bulls/Bears.
After the correction we will see a new impulse wave.
GREETZ SS
evgo recently broke below a local resistance zone, must reclaim this resistance and break 14.5-15 to continue higher towards 20+.. For now its stuck in consolidation mode.
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-Macd is about
-rsi is extremely low meaning oversold
-falling wedge and reverse head and shoulders in play
-if it plays out correctly, I could see this stock go easily to 15+
-buy and hold
-i am not a financial adviser
$EVGO EVGO IS IN A FALLING WEDGE PATTERN RIGHT NOW. LOWER LOWS AND LOWER HIGHS AS WELL AS NARROWING DOWN! ALONG WITH THAT, IT MAY BE A REVERSE HEAD AND SHOULDERS WHICH IS SUPER BULLISH. IF MY CHART PLAYS OUT WITH THE TWO PATTERNS AND WITH GOOD NEWS WITH THE INFRASTRUCTURE BILL, THIS STOCK COULD POSSIBLY BE EASILY 15+ IN THE SHORT TERM. Please comment or react...
