SuperNET has broken out of the wedge pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe SuperNET has completed one cycle from the June 16 low. The five wave advance finished on the September 1, and the three wave correction ended on the November 1. If this wave count is correct, SuperNET should be heading next towards the September 1 peak.
(Chart courtesy of Tradingview.com)
Looking at the weekly chart, SuperNET is currently most likely in the wave three (sub-wave iii). The wave one started in the December 2015, and ended in the March 2016. The wave two correction finished on the June 16.
(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long SuperNET.
If you think this analysis is correct, upvote this post and upvote the comment "SuperNET will takeout the September 1 peak".
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