Kellog Company (K): Still Missing Wave 5

haejin (87)in #money • 6 years 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/

Kellog Company (K) is showing an impulse sequence where waves 1,2 and 3 are complete (white) while 4 is in progress. This correction can't overlap the peak of wave 1 per Elliott rule and this is why it usually retraces 0.38 Fib level of wave 3. IF there is an overlap, then this count is invalidated.

The subwaves for qualify the higher degree of trends. Per the rule of alternation, white wave 4 is labeled as an abcde; though it could morph into any of the 34 possiblities. Since wave 2 was a simpl type, wave 4 is expected to be more complex in sequence.

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?