SUMMARY
TRON (TRX) is so close to the apex...right on top of it! Price is at imminent explosion timeframe because the symmetrical triangle's contracting line entraps the price and reduces the mobility until the agitation of all the buyers cause geyser like release of buying frenzy. Even amidst a correction, such price breakouts can be seen. Let's see what happens to TRX's overnight price action.
The vintage impulse waves (blue, 1,2,3,4,5) depict a classic setup of five waves up and three waves retracement. The time of the symmetrical triangle seems to suffice to meet the Hurry Up & Wait syndrome's requirement.
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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.
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Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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