Cindicator (CND): Next Rally Could Deliver Profits

SUMMARY

The form and fit condition of any pattern and Elliott Waves is very simple; it has look right. That is the most subjective part of Technical Analysis. For instance, if it doesn't look impulsive; it probably isn't; although there are exceptions.

The below chart of Cindicator (CND) is displaying the right look countours of a 2/3 complete rounded bottom pattern. The right wall building should be initiated by a breakout and since the MACD has already done so; price is following. So, what's next?

Extrapolating the symmetry of the rounded blue price formation (blue arrow); the basin phase can be seen to be nearly complete. The impulse waves (white) could start slow as wave 2 is often lazy in time; but 3,4 and 5 should deliver some staggering profits.

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?

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