SUMMARY
On April 18th, the below chart of Ambrosus (AMB) was posted and since then, it has risen 43.39%!! The fractal that was described is still in progress and the right wall of the second rounded price formation is well underway. The MACD breakout was the last confirmation needed to see that price will hit higher highs.
The current chart of AMB shows the ascent % (yellow vertical). The subwaves (blue) of wave 3 (white) are also laid down to show that waves 3,4 and 5 still remain unfinished; this means higher highs likely. IF wave 5 is attained; that would translate to 122% in profit.
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 should not be considered financial or investment advice of any kind. One should consult with a financial 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.
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Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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