Micron Technology (MU): Fractal in Play!!

in #money7 years ago

SUMMARY

I've boxed the fractals (white and blue). The similarity index is pretty high. The blue one is just much wider and bigger but that also means that the upmove will also be at scale! Both fractals are showing the Cup & Handle pattern and they have broken out of it quite similarly.

When adding the Elliott Waves, the white fractal jumped upwards in a five wave impulse. I believe the same is happening with the blue fractal. The "You are Here" markings are approximationts to the fractal correlations. Blue wave should provide a new all time highs!

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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Its nice to see how stocks play compared to cryptos :)

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a very detailed explanation of how a person invests, the more information and the more complete can add insight into how to do something, thanks to the information conveyed.

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