Ralp Lauren (RL): Extended Wave 1
SUMMARY
Note: For anyone who missed the BitcoinLive Information Webinar, here is the replay link: https://youtu.be/No4frLOz3UE
As of June 4th, ALL Crypto Analysis will be posted on the BitcoinLive channel and Steemit will be dedicated for Equity, Commodity and Option Analysis. To Signup for the BitcoinLive limited Founding Membership slots, use this link: https://get.bitcoin.live/haejin/
__
This weekly chart of Ralph Lauren (RL) shows an extended wave 1 (blue) but amongst the five, is not the most extended. Note how wave 5 is stubby compared to 1 and 3. Regardless, a full impulse has been posted. RL has then taken a corrective pathway and the first wave down has been swift. Is the correction complete?
When inputting the rest of subwaves, the actionary waves are qualified. The red A is a five wave decline which thus strongly suggests a ZigZag ABC type. Price is currently in the midst of a red B wave bounce, as shown by the blue abc subwaves. Red C wave down could still be expected as shown. It should take five subwaves down to a price region lower than red A.
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?
Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--
firstly, i can't see the time period. so this chart is absolutely useless.
second why the hell will ralph lauren crash in the next few years just because you drew a random eliot wave. useless and absolute bullshit of an analysis. just spam analysing cryptos man.
What a good post friend, I used a lot of your great information, Keep making quality post and I will continue to support you greetings I followed you
:D
Check out - https://cryptopiece.com/
thank for this lovely update,,,
Haejin, stop spamming! Use your brain to create good content! How can you spam about cryptocurrency 100 times per day??? People like you destroy Steemit!
Message to people who upvote this bullshit:
You can vote for BETTER and MORE earning (if you upvote only for curration rewards) CONTENT! Please, don't support junk posts!
Meh, Steemit likes talking about itself first and foremost, and cryptocurrencies second.
Also with 30858 followers, it doesn't take that many to reward Haejin handsomely for his content.
Thanks for the update