CAESARS (CZR): Cup & Handle Complete & Confirmed!!
SUMMARY
Caesars Entertainment Corp. (CZR) has completed a large ABC expanded flat correction. However, the standout is the Cup & Handle pattern as shown in the below chart. There are times when even with Cryptos, the genesis of an ICO can start with a correction. Similarly, CZR has done the same with the ABC expanded FLAT.
When adding Elliott Waves, it shows that handle formation is complete since price has now breached the upper white trend line. A pattern has two requirements. It must first complete the pattern and then confirm it buy breakouts. I believe CZR has met those requirements. The MACD also has curled up and and should start rising to support the price breakout (white arrows).
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
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Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
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Essay: Is Technical Analysis a Quantum Event?
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AST update
Cardano (ADA) update please
hey haejin. It's probable that on may 20th okex list dentacoin (which is competing with other 4 cryptos). if this happen it would rise dcn's price (3x or 4x). Please make a TA for DCN!
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