Chain Link (Link): BOOOOM!! 152.7% PROFIT!! What's Next?

SUMMARY

The below chart of Chain Link (LINK) was shown on March 21st. Following the impulse wave up, the correction was shown as wxyxz (red) complex type. One thing was pretty clear was that a lower low wasn't likely and that the correction, IF on the last Z wave, is near completion.

The current progression shows that the actual Z wave was quite precise to the projection. There has also be a clear micro wave impulse of five waves up (white). This has delivered a 152.7% profitable rise!! Not too shabby for less than 2 months. The current declin is likely a minor correction and should retrace towards the 0.618 Fib level. The MACD is quite exciting as is just so close to the apex. There is enought room for the MACD to dip once more incrementally and still breakout in what could be a major reversal!

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.

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.
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Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
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