SUMMARY
Bread (BRD) is patterning very similar to Bitcoin! The downward wedge is sizable and that is followed by a Cp & Handle pattern. This combination of two types of bullish patterns has the potential of being quite formidable anti-bears. Give that five waves up has built the right wall of the Cup, the handle correction is currently in progress.
The impulse waves are projecting higher highs once the handle is complete and its ABC red waves coudl already be done or one more incremental lower low might be needed. The MACD is coiled and ready to breakout as shown (blue arrow).
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Elliott Wave Counting Tutorial #1
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Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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