TA update On June 29, I stated that wave two, first chart below ((2)) is still a target and not yet resolved.
At that time we were clearly in an alternate count moving sideways A,B,C,D,E, pattern.
This pattern started middle of February and has taken 6 month to resolve.
Wave 2 of primary wave 1 is now complete and a new uptrend is underway.
The expanding triangle lower line in red and green intercepted a point hitting the 200 day moving average when connecting red A-and-C giving us a $1.15
Several weeks ago I placed a order for 37k at $ 1.15 and got filled finally August 5th.
On the 3 month daily chart you can clearly identify the turn after 5 red end of day candle observing a falling star reversal. The following Friday Aug. 6 the white hammer candle confirmed my call and yesterday Sunday I placed an other order for an other 23.5k for a $ 1.20 which to my surprise filled on opening. Today we closed with an Engulfing bullish candle.
Slow STO is positive confirmed with MACD positive with CFM and CCI approaching O line. PPO in positive territory with ADX about to cross.
Things just couldn’t look better.
When combined with Western oscillators and trade analysis, these candlestick patterns can generate reliable buy and sell signals.
Like always just my opinion.
Happy trading.