It's just screaming parabolic at me.
Median line from blue 1 2 has not yet been hit and we have typically hit the upper parallel in recent history.
A couple of uppers cross at the position indicated. Will be watching this carefully to time a sell.
I think we are looking at the first wave of a final 5th. Look at the fantastic median line hits along the way.
A final 50% retracement has just been hit so looking for a target at about $115
This is a big move if it comes off so there should be plenty of 5-10% trades along the way
Lots fo confluence here...
Green wave 1 measured from wave 4 has its 2.618 at the same level as the wave 3 length as measured from wave 4 end (1:1).
The -161.8 of the wave 3 top to wave 4 start also fits the same levels.
Do your own research but I'm going to keep a close eye on this.
A busy chart this one but it looks good. Lots of wave 3's in place and the pitchforks (median lines the same colour as the count) are making it look like there is a very good chance of a pump soon.
Merry Christmas and a happy new year.
Always do your own research :)
I have what I think is a fairly detailed and accurate Elliott count form the recent low. It does look like we're finishing the last wave of the much larger wave 1 (assuming the low that we recently had was the bottom...which is a big assumption).
The question is.."Where do we finish?"
I have marked up some common targets based on fib extensions of the last (red)...
CND appears to be in a classic 5th wave of a larger degree 1 wave. Wave 3 hit the 1.618-1.75 and wave 4 appears to be a nice triangle.
Keep an eye on this for a nice retracementcoming soon
Use your own analysis to trade...don't rely on my mumblings