SUMMARY
Neblio (NEBL) is an example of the Hurry Up & Wait syndrome given that the impulse five waves went near vertical and the current correction is long, wide and slow. But, look at the MACD. It's breaking out of the symmetrical pattern. What do you think is the most probable price pathway from here?
My analysis focuses on pattern, Elliott Waves and Indicator (MACD). When the confluence of these factors all point in the same direction, I get very excited. Over the past weeks, these have been pointing...UP!
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Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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