FCT potential EW running triangle

2017年6月26日

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

2017年6月26日

ノート

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

2017年6月28日

ノート

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

2017年6月28日

ノート

2017年6月29日

ノート

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

2017年6月30日

ノート

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