FUN is coming to the end if an ABC retracement after completing a primary Elliott 5 Wave. Current price lies just below the Ichimoku clouds with the base line bordering the lead line. This ABC wave is the handle to the Cup & Handle that can be clearly seen in the 1Day chart. I see FUN breaking out in the coming days…will be posting updates.
ICX is bouncing off the 0.786 Fib, finishing a 4th wave...
On the 1Day chart XLM is showing the handle formation, of a Cup & Handle pattern, with the current ABC correction that it is in. In the 4Hour we can see that XLM is trending flat at the moment at the current resistance level. The RSI is on the rise and future support is shown by the green Ichimoku cloud ahead. It would be best to see positive movement in the...
I have been watching POE for a few days now, and I will admit that I have been wrong on the timing but I am still firm on my assessment. POE has come out of an Elliot 5 wave, and is in he final stages of completing an ABC correction. It has just dipped below the .5 Fibonacci but it is also below the 30 on the RSI, indicating that it is oversold. I look to see...
This breakout is coming in the next 45min-1.5 hours...POE is in its last steps of a 3-wave retracement...the RSI and MACD are all pointing to an extended uptrend, most probably a new Elliot 5-Wave...1770 is my first target.