SUMMARY
Two weeks ago, I had posted the below chart showing Veri with an abcde triangle pattern. This triangle consoldation was after VERI had completed a five wave impulse move and would have finished the motive.
The below chart is with same markings as prior update but current prices. From the looks of it, there is good probability that wave e could be complete. IF so, price then needs to breach the upper blue trend line.
Price is also starting to gap and the direction is upwards. Usually, this signals a sizable rise potential in buying interests. Let's see how the price pans out in the next few days.
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Elliott Wave Counting Tutorial #1
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Tutorial on the use of Fibonacci & Elliott Waves
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