FCT potential EW running triangle

٢٦ يونيو ٢٠١٧

FCT started a consolidation pattern that looks like the beginning of an ABCDE Elliott Wave Running Triangle.
If C wave bottoms as expected, let's look at a zigzag formation of the DE wave for confirmation.

Buy target would be at the end of E wave

٢٦ يونيو ٢٠١٧

ملاحظة

C wave ended, bouncing off support. So far so good...

٢٨ يونيو ٢٠١٧

ملاحظة

On track, we've double bottomed and now en route to higher grounds. Potential resistances at .111, .118 and .122 where we should see the top of the first shoulder

٢٨ يونيو ٢٠١٧

ملاحظة

٢٩ يونيو ٢٠١٧

ملاحظة

FCT didn't break the downtrend, and a bit early for a shoulder formation. The next leg will tell it all

٣٠ يونيو ٢٠١٧

ملاحظة

FCT didn't get enough momentum to rise past its downtrend. Pattern is obviosuly broken. Idea closed :/