VERGE (XVG): Initial Target $0.139

SUMMARY

The gusto is now entering the reversal as prices are starting their near vertical phase. The correction had been deep abut my higher $0.70 target still stands solid in my analysis of the forest waves. This correction was WXYXZ and had offered a buying opportunity we likely won't ever see again.

The initial rise of impulse is targeted via native Fibonacci to be at $0.139. What do I mean by native Fib? It's my secret sauce not to be revealed in this blog. Currently, price is likely on wave 3; hence it makes sense to see price going near vertical as wave 3 personality befits such price moves.

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 shoud not be considered financial or investment advice of any kind. One should consult with a financil 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.

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.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--

H2
H3
H4
3 columns
2 columns
1 column
45 Comments