KKR & Co. (KKR): Mumbo Jumbo?
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SUMMARY
For newbie Ellioticians, the below type of chart often leads to confusion. It has alot of overlapping waves and there seem to be no real impulse direction and all seems to be going sideways. With practice, everything becomes easier. What I've always done is try and identify a pattern. Can you discern one in this chart?
KKR is likely patterning out an ascending right triangle as shown below. The horizontal blue line and the rising line together form a right triangle. Within this conceptualization, the pattern now jives well with the overlapping ABC red waves. The purple waves also mark the expected ABCDE waves. Purple wave D seems to be completing soon while E should be next. Once E is complete, the pattern will be complete also and a decisive breach of the upper blue line would provide the confirmation. MACD should also support the price moves.
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Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Tutorial on the use of Fibonacci & Elliott Waves
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What were you testing exactly? (a bit new here still figuring it out.)
Good jobs
This tool was a true game changer in my trades: https://goo.gl/rzgsqe
very good analysis.
good job.
The test has stopped. Yay!
Luv it!!! Been playing some of your picks.. DIS and M..... ' )