SUMMARY
This Inverted Bullish Head & Shoulders pattern is quite uncanny. What's exciting is that the pattern is complete and confirmed! Price has breached the Neck LIne! I've used the minimum price run to show a potential for $59.87
Beautiful textbook impulse wave showing a near completion of what could be the first of many leg ups. IF the abc red waves mark the correction completion, then we could expect a minor abc retracement.
That retracement usually goes to prior wave 4 and it could look like this chart. Even into this minor correction, many will think the end is near and panic sell. However, having the awareness of longer term perspective will allow one to see the forest from the trees.
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Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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