YWWUSD $0.96+? Elliot Wave Analysis

Price target: 1:1 extension of wave 1
Stoploss: 0.25 (below C)

ABCDE contracting triangle correction with lower highs and higher lows
Contraction of volume during triangle like normal

Bullish indicators:
-Falling wedge on MACD
-MACD kissing after downtrend
-Below 20 on stochastic (best entry would be after it goes above 20)
-Just finished ABCDE allowing for a very safe entry with huge profit potential with very good risk to reward ratio

Uwaga

I misplaced the extension - PT is still 1:1 extension, however, it's at $1.03

Uwaga

Stochastic broke 20 level - I already entered but now would be a good time to enter (30 cents)

Uwaga

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Uwaga

Pennant ends at midnight for me - meaning potentially 14 hours before something happens

Uwaga

s3.amazonaws.com/tradingview/snapshots/t/tqcV7d3V.png looking like 24 hour range now, new stoploss at 0.275

Uwaga

s3.amazonaws.com/tradingview/snapshots/n/N3MF244P.png this shows more like 20 hour timeframe

Uwaga

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Updated

Uwaga

Many time frames are beginning to have moving averages converge. 15M just went bullish

Uwaga

30M

Uwaga

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More pennant drawings - I would say very likely something happens within one of these timeframes

Uwaga

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Breaking out? Bullish MACD divergence

Uwaga

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Leg 3 started, if it goes down below E then the entire pattern is invalidated but at this point a 1:1 extension from E is 1.01 which is the same pt as before.

Uwaga

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Uwaga

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Leading diagonal (wave 1 sub-primary) Stop loss below wave 4.

Uwaga

Watch for those fibonnaci levels to be resistance levels

Uwaga

Placed improperly on previous update
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Uwaga

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Uwaga

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Good spot to add more/enter, at this point if it goes below E at this point that is when it is invalidated completely. Until then, I don't think so.

Uwaga

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Uwaga

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50-62 cents price target for sub-primary wave 3

Uwaga

Stop loss .28

Uwaga

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Looking bullish

gelnd

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gelnd