SUMMARY
I've always thought Reggie Middleton was a good man. He did not hide the facts or hold back punches when exposing the CDS frauds during the 2008 financial crisis. He has put out VERI which holds strong promise.
It seems the correction for VERI might not yet be complete. The symmetrical triangle below is showing an abcde pattern. To complete wave D, price could rise towards $360. Unless price exceeds the upper line; a likely lower low is represented by the subsequent wave E.
Closer look confirms a likely lower low. However, that next low could be not too far from the prior low level. Given the bottom line of the triangle, if price completes wave E at the expected level, it could be around $212 or so...not too different from prior lows. Once this correction completes, a sizable turnaround to the upside could be witnessed.
Legal Disclaimer: 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
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Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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