NickCoulby

Athlon's beautiful Elliott

NYSE:ATHL   None
This is an interesting setup.. Elliott at odds with momentum. All moving averages and indicators, relative as well, are in bull mode for this rally. Observing this well defined, rule respected 5 wave/sub-wave formation, we are now at a crossroad. A 5:5 at a 1.27 fib extension of W1-3, with duplicated vertical line measurements on W3 and W5. W1 is the longest impulse, meaning W5 must be the shortest (assuming price plays by the rules, which judging by the end of W4 ending on the hairline before W1 range, it seems to be doing so). Just something unique I'm going to be watching over the next few days/weeks.

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Gorgeous chart
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