SUMMARY
If there ever was a potential Jaws of Wealth....you're looking at it in the below chart of Cloak (CLOAK/USD). It's traveling within the broadening pattern and when price sits on the lower trend line, serious potential resides for an upside. The Elliott Waves have been labeled as ABCDE and the final E wave has probably started.
This E wave will likely move in a ZigZag sequence and so the blue ABC will subdivide into 5,3,5. The Upside potential could be MASSIVE give that the top trenline is still very far up.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--
