PetroDollar (XPD): Observe the Wedge Fractals & Matching MACDs

in xpd •  7 years ago 

SUMMARY

PetroDollar (XPD) is completing a fractal set. The blue box harbors two wedges (blue & white) and the white botx contains two triangles as well. A fractal need not be exact; only similar. The blue box shows what happened to the price after the two wedge patterns were complete.

The MACD is also matching the fractal pairs. The blue contracting lines resulted in an explosion of MACD that drove the price to a near 88% recovery. The white contracting lines are showing pretty much the same characteristics of the first. A breakout would support the next rally into July.

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
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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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Noted.
Let's watch the outcome.

First comment thats not spam!

  ·  7 years ago Reveal Comment

Nice one

how can i give you upvote?

Haejin, please do a TA on Achain (ACT). Thanks