SUMMARY
The most immediate thing about Aeternity (AE) is the degree of oversold state as shown by the MACD in the below chart. The blue circle shows that AE is, if not already, running out of sellers. When the finite number of sellers get to a point where not a seller can be seen....price often violently turn! I've labeled the correction thus far as red ABC which also looks complete.
Here is the detailed subwave labeling that shows the wave C was a complex twist and turn of incremental lower lows. The blue wxyxz seem complete, the abc of z seem complete and c of z of C also seem complete with the five white subwaves. Is this a good time to ladder cast an entry? When is the most ideal time to buy? It's at the terminal ends of corrections. Does this seem like a terminal end for Aeternity?
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Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Tutorial on the use of Fibonacci & Elliott Waves
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Essay: Is Technical Analysis a Quantum Event?
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