FCT potential EW running triangle

26 thg 6, 2017

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

26 thg 6, 2017

Ghi chú

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

28 thg 6, 2017

Ghi chú

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

28 thg 6, 2017

Ghi chú

29 thg 6, 2017

Ghi chú

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

30 thg 6, 2017

Ghi chú

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