SUMMARY

Tron (TRX) has been working diligently to pattern out the handle formation of a Cup & Handle pattern as shown in below chart. The Elliott Waves show that wxyxz sequence best fits the current price motions. Since five waves had completed prior, this handle has the potental to reach towards teh 0.618 or the 0.78 Fib level before turning.

IF one has cash readily available, raised by profit taking prior prior runs, they can easily be deployed during these kinds of price dips or corrections. The longer shows that once the handle completes, the potential for a trend reversal could be with a sizable upside in price. The $0.34 target is for wave 5 and wave 3 should near $0.27 or so. IF this analysis is correct, MASSIVE profits can be made.

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?