Stanly Black & Decker (SWK): A Red Halo Event?
![](https://steemitimages.com/DQmWPk9pGawtxkJQ11KtjmsDaJ4Nnz84ggyRCdVJsq6f8TZ/image.png)
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/
__
When companies like Stanley Black & Decker (SWK); producer of consumer goods; generates this kine of red halo events, one has to become cautious of a potential recessionary period that might be approaching. As you can see in the below weekly chart, the initial downdraft has started with price falling from $176 to $146 or over 22%. Is this bullish? Would you be buying with open arms?
The corrective sequence is targeted to reach the prior wave 4 as shown in below chart. The MACD is currently oversold so that means that the red B wave bounce is next. However, the C wave down is likely to be scary for most and catch many by surprise because they will think that wave B is the start of the next bull cycle.
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!!
--
--
![](https://steemitimages.com/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV.gif)
![](https://steemitimages.com/0x0/https://s1.postimg.org/231h83mh7z/U5drx_NFe_Q4_Nn_YGEb9rq2_V47_X6_Yk_AQsm.gif)
True steemit fact: Still waiting for that TA on frozen orange juice futures! COWABUNGA!
You just planted 0.18 tree(s)!
Thanks to @treschouette
We have planted already 4447.98 trees
out of 1,000,000
Let's save and restore Abongphen Highland Forest
in Cameroonian village Kedjom-Keku!
Plant trees with @treeplanter and get paid for it!
My Steem Power = 22937.71
Thanks a lot!
@martin.mikes coordinator of @kedjom-keku
You just planted 0.18 tree(s)!
Thanks to @treschouette
We have planted already 4461.87 trees
out of 1,000,000
Let's save and restore Abongphen Highland Forest
in Cameroonian village Kedjom-Keku!
Plant trees with @treeplanter and get paid for it!
My Steem Power = 22937.73
Thanks a lot!
@martin.mikes coordinator of @kedjom-keku
Thanks for sharing
Hey @haejin, you’re definitely a power user. Any chance you’d like to try our new cross platform mobile app? We’ve added things missing from steemit like push notifications, user mentions, and chat. You can download the app here:
https://play.google.com/store/apps/details?id=com.vapor
or here:
https://itunes.apple.com/us/app/vapor-a-steem-app/id1359525246
we‘re always looking for feedback so we’d love to hear what you think
Nice one... Very informative
Picture still is not very clear
Thanks buddy
I wouldn't buy this. But for god's sake, stop posting rubbish Elliot Wave charts that make no sense. The sequence of waves you drawn are completely random and irrelevant for why the market would fall.
Indeed, It will most likely fall, but not because of the waves lines you had thrown carelessly.
BTS UPDATE PLS
Thanks for the crypto advice! Good info!! Much appreciated!!!