SUMMARY
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Molson Coors Brewing Co. (TAP) is exemplifying how a five wave impulse competion led to a swift and deep decline and most shareholders were caught offguard and were asking as to what happenned. The informed and the aware don't ask those questions because such states make it unnecessary. This wave 5 would have been seen by any mid-proficient Elliotician and profits would have been taken. The MACD is highly oversold. What would this mean?
See how white wave 2 was a triangle like, complex correction? Rule of alternation with wave 4 would mean that wave 4 would likely have a simple sequence. I believe that the A of the ABC sequence is complete and based on how oversold the MACD already is, the B wave bounce could make some handsome profits!
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