Initially the 'Elliot wave absolute' indicator was projecting a retracement to the Fib.1 level as part of wave C.
It now looks like the retracement will go to 0.168 as wave C.
The buying pressure is resulting in a less dramatic downtrend.
Box indicates area to start accumulating and hoping for an upwards bounce.
I'm super bullish on HDRN in the long term, fantastic project, will be HODLING together with HEX.
slightly concerning when looking at the Elliot wave indicator after this great run - potential wave C incoming?
Let me know your thoughts, would be super interested to know when the Elliot wave theory is invalidated so I can throw some more $$ ;-)
Hi all, not an expert by any means, fairly new to reading charts (6 months) and for sure not financial advice.
I've applied a new trend line on the daily chart with a top middle and bottom, showing where price seems to find support or resistance. I have a feeling the long term trend line is broken (lets be honest is couldn't continue that way forever). I see the...
