Molson Coors Brewing Co. (TAP): Play the B Wave Bounce!

SUMMARY

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Molson Coors Brewing Co. (TAP) is exemplifying how a five wave impulse competion led to a swift and deep decline and most shareholders were caught offguard and were asking as to what happenned. The informed and the aware don't ask those questions because such states make it unnecessary. This wave 5 would have been seen by any mid-proficient Elliotician and profits would have been taken. The MACD is highly oversold. What would this mean?

See how white wave 2 was a triangle like, complex correction? Rule of alternation with wave 4 would mean that wave 4 would likely have a simple sequence. I believe that the A of the ABC sequence is complete and based on how oversold the MACD already is, the B wave bounce could make some handsome 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.

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