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Sunday, September 15, 2019
My Elliott Wave models are calling for the exact bottom on [TOPS]
A rapid move back up over the lower rail of the falling wedge will be the first indication that the reversal has begun. It will not surprise me to see it gap up on Monday. Nobody in their right mind should predict this because there are zero signs that this perennial loser will ever turn around and look how the shares just collapsed from > $10 down to sub $4 in just a matter of 2 weeks. At least this is the conventional wisdom. But when the Elliott wave analysis is applied this final collapse makes perfect sense and the upward reversal of it will stagger most people's perception of reality. This is not something anyone can know because of fundamentals or any other analysis method except Elliott waves.
If interested in subscribing to my premium Elliott wave based market timing service, feel free to click the link above or simply email me at captaincharts@gmail.com.
If interested in subscribing to my premium Elliott wave based market timing service, feel free to click the link above or simply email me at captaincharts@gmail.com.
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2 comments:
I think the fact that you're using a linear charge, instead of logarithmic, is messing up your analysis. On a log chart it doesn't look much like an ending diagonal. The middle is too short, the carryover at the end is too deep, etc.
*chart
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