Monaco (MCO): A Change in Trend from Down to Up

SUMMARY

NOTE: To All my near 30k Followers, I STRONGLY DISCOURAGE the use of Hive account@promobot to promote any of your posts. He and Hive account@transisto have targeted my blogs for downvotes and are encouraging others to do the same. Hive account@promobot is doing what randowhale had...scamming by using delegated SP to wage personal downvote campaigns! Meanwhile, Hive account@transisto has been for a very long time and still is self upvoting his own comments using multiple accounts like there's no tomorrow! Hive account@transisto exemplifies the most ideal circle jerker!

I Recommend Hive account@upmewhale and Hive account@themoneytree!!

Here is a beautiful sequence of pattern fractals! The white and blue symmetrical triangles are not exact but similar and the breakout even for the white fractal changed the trend from down to up (white circle). The blue circle also represents a strong potential in changing the intermediate trend from down to up as well.
alt

If the breakout in the blue circle represents wave 1 of a new impulse; then likely the next week or so will be spent on a blue wave 2 correction. It's quite picturesque to also see the MACD fractals mirroring the price pattern! IF there is a genuine trend change of the intermediate degree of trend; then wave 2 must be followed by wave 3 up.
alt

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?