Greetings Earthling...
This is a fast mover... be ready to let your fingers do the walking....
Nevertheless...
(1) Elliot Wave 1 complete
(2) Elliott Wave 2 could be complete at (a) current price $1.80 // .50 Fibonacci or (b) could retrace further to $1.71 // .618 Fib...
(3) Either way Wave 2 goes, expect price action in Wave 3 to touch the 55 EMA in yellow near $2.20
(4) Wave 4 will Retrace near $1.97
and
(5) Wave 5 back up near $2.30+
(6) RSI is sitting in the Bullish Zone just above 50%
Over all potential if you play this straight is 31% profits... with very little resistance overhead
If you play the field and cut out the retrace, you are looking at 38% not including the compounding interest from investing the same monies back in the asset at the end of Wave 4.
Ultimately, this will set up an inverted Head and Shoulder, that after an ABC correction, will extend the price up to/near $3.00. nearly 100% Profits in short time.
Confidence Pick: B+ due to the name switch from EBIO, creating some gaps in the middle charts EMA (1,2,4hr charts)
Stop Loss: $1.60
RisK-Reward Ratio: 1:3 for new money
Happy Trading ...
#FlintstonesGazoo #TheGreatGazoo
Gazoo: "But wait, surely there must be others more qualified than I".
Andre Benjamin: “Even the sun goes down, heroes eventually die/Horoscopes often lie, and sometimes ‘y’/Nothin’ is for sho', nothin’ is for certain, nothin’ lasts forever, but until they pull the curtain”...
It will be you and I...!!!
This is a fast mover... be ready to let your fingers do the walking....
Nevertheless...
(1) Elliot Wave 1 complete
(2) Elliott Wave 2 could be complete at (a) current price $1.80 // .50 Fibonacci or (b) could retrace further to $1.71 // .618 Fib...
(3) Either way Wave 2 goes, expect price action in Wave 3 to touch the 55 EMA in yellow near $2.20
(4) Wave 4 will Retrace near $1.97
and
(5) Wave 5 back up near $2.30+
(6) RSI is sitting in the Bullish Zone just above 50%
Over all potential if you play this straight is 31% profits... with very little resistance overhead
If you play the field and cut out the retrace, you are looking at 38% not including the compounding interest from investing the same monies back in the asset at the end of Wave 4.
Ultimately, this will set up an inverted Head and Shoulder, that after an ABC correction, will extend the price up to/near $3.00. nearly 100% Profits in short time.
Confidence Pick: B+ due to the name switch from EBIO, creating some gaps in the middle charts EMA (1,2,4hr charts)
Stop Loss: $1.60
RisK-Reward Ratio: 1:3 for new money
Happy Trading ...
#FlintstonesGazoo #TheGreatGazoo
Gazoo: "But wait, surely there must be others more qualified than I".
Andre Benjamin: “Even the sun goes down, heroes eventually die/Horoscopes often lie, and sometimes ‘y’/Nothin’ is for sho', nothin’ is for certain, nothin’ lasts forever, but until they pull the curtain”...
It will be you and I...!!!