SUMMARY
In Chinese Numerology, the number 8 is a very lucky one. Having three consecutively is very lucky, indeed. The first pattern that can be discerned is a Cup & Handle where the handle formation is nearly complete. Recall that this pattern doesn't become invalidated unless the handle price dips below the lowest point of the cup.
Of interest is the engulfing harami. I don't often use Japanese Candlestick analysis, however, should this be followed by another green candle as follow through, interesting upside moves can be expected.
Here is the longer term Forest View...what difference does it make how the price flicks around in the short term? NONE! I believe blue wave 1 and 2 are complete and 888/BTC is a bit more mature in waves in that 1 and 2 of blue 3 are already done. That leaves white 3 of blue 3.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
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Elliott Wave Counting Tutorial #1
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Essay: Is Technical Analysis a Quantum Event?
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