SUMMARY
Hshare (HSR/BTC) completed the ABC corrective wave sequence. It was a flat correction where waves A and B have 3 subwave and C has five (ABC). The below chart shows that C makde a lower low in a spike down and that likely divested of all the weak hands.
Pattern shows a symmetrical triangle in both price and MACD indicator. They both broke out at the same time (circles). Where to from here? Would you be a buyer or a seller? I believe the confluence of pattern, waves and indicators lean towards a bullish trend reversal.
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Tutorial on the use of Fibonacci & Elliott Waves
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