SUMMARY
Wave labeling of KOMODO (KMD/USD) would pose a challenge to any novice Elliottician as it is almost as complex as it gets. These sideways price movements are of two types: Doulbe Three and a Triple Three. On either of these, a triangle can become the final component. These combinations themselves subdivide into simpler types called zig zags, flats and triangles. These are combined to extend sideways price actions...e.g., EAT TIME! The stick figures on the right illustrate WYZ as the corrective waves and the Xs as the reactionary which usually takes the shape of a zig zag.
The left side of the chart shows the actual application of the Triple combination with Komodo (KMD). The WXYXZ as well as the associated subwaves have been labeled. The final comonent is depicted as a triangle. The blue circle zones represent buy zone areas. If the Z placement is correct, price could rise....but with a keen eye on BTC!
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
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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I am hoping for a drop to get close to my buddies who told me about Komodo when I could get it for 50 cents.
now I sit and wait for $3.65
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Trading Komodo wearing a Kimono...
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Damn I really want to invest more in Komodo but I can't buy them all.
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Thank you for this a lovely piece full of facts.
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Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @ranchorelaxo valued at 388.65 SBD, based on the pending payout at the time the data was extracted.
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Haejin is now downvoting people who ask legitimate questions about the quality of his TA. It shows a lot about a person’s true colours and motivations when he chooses to silence his critics rather than respond to them. A little dictatory if you ask me.
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Congratulations @haejin, this post is the ninth most rewarded post (based on pending payouts) in the last 12 hours written by a Hero account holder (accounts that hold between 10 and 100 Mega Vests). The total number of posts by Hero account holders during this period was 397 and the total pending payments to posts in this category was $18822.33. To see the full list of highest paid posts across all accounts categories, click here.
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Another dumbass
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Dumbass
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