Banco Santander (SAN): Massive Pattern Nearing Last Wave

in money •  25 days ago

SUMMARY

Note: For anyone who missed the BitcoinLive Information Webinar, here is the replay link: https://www.youtube.com/watch?v=32l40SNYOp4

As of June 4, ALL Crypto Analysis will be posted on the BitcoinLive channel and Steemit will be dedicated for Equity, Commodity and Options Analysis. To Signup for the BitcoinLive limited Founding Membership slots, use this link: https://get.bitcoin.live/haejin/

__

Banco Santander (SAN) has spent 15 years patterning out the below downward pointing wedge formation! It probably has another two more years to complete it. What do the Elliott Waves show?

The sequence is red ABCDE and the subwaves also qualify this count. All but wave E remains to be placed and the subwaves of that one show that a decline could be seen to a new all time low potential. Again, here is yet another chart showing that an economic slump of some type could be approaching the world markets. The beauty of this chart is that it's offering a potential opportunity to cast buy ladders once and if the E wave completes. The breakout form this chart will be quite amazing as shown by the blue arrow.

The MACD is also running within a symmetrical pattern and teh final subwaves of E will allow the MACD to wiggle and squiggle closer to the apex. Its breakout should also be explosive.

There has to be some awareness that a D wave breakout could occur. However, given all so many charts pointing to a recession on the horizon....it's unlikely for a D wave breakout.

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!!
--
--

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

you 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.

This is very useful news because many steemians are wrong in understanding masala upvote and so on, thank you brother

Nice article

The best information