Polymath (POLY): Very Bullish Cup & Handle!!

SUMMARY

The Cup & Handle formation for Polymath (POLY) is just about complete and confirmed, if not already!! This is a very bullish stage! With patterns, there is no such thing as a perfect pattern, so yes, the Cup formation is a bit tilted but it is still valid.

Look how oversold the MACD is!! It's about to blowout! The price is just about breaching the upper white line of the handle formation. The Elliott Waves show that five waves up completed (blue) and corrected to form the handle which sequenced in wxyxz.

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.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?