STATUS (SNT): Soon to Attain High Profit Status

SUMMARY

This chart of Status (SNT/USD) was introduced on April 14th. It discussed how the left wall of a rounded price formation was complete and how the blue box represented the basin phase in which SNT price was still bound by. It also defined the impulse pathway (blue). The MACD was also ready to support higher highs.

Since then, SNT has risen 57% as shown below. Price has exited the basin phase and the right wall build is well underway. It's just a matter of time before the MACD really breaks out ans starts supporting the wave 3 rise which could become near vertical.

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Elliott Wave Counting Tutorial #1
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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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