SUMMARY
Note: This was my fortune cooky today. Cool!
Here is a very textbook looking symmetrical triangle of Tron (TRX) back in November. It was a consolidation pattern to churn the price of the recent rise from near zero. Price was also proximal to the apex.
The symmetrical triangle broke out with a massive surge to put in a 1,074% profit. The rise was vertical as per the Hurry UP & Wait Syndrome!
Present day, here is a very textbook looking symmetrical triangle. The white arrow shows bias towards an upside breakout.
A 1,074% rise would equate to $0.3858. A rally from now into July would provide an ideal timeframe.
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!!
--
--
