Waste Management (WM): A Wave 4 Pause Approaching

in money •  6 months ago

SUMMARY

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Waste Management (WM) weekly chart below shows that a segment of price action has reached or should soon put in a top (white wave 5). However, when Elliott Wave counting, one has to have a clear understanding of the subwaves and degree of trends. The five waves posted on this chart are subwaves to a higher degree of trend wave 3. That means a wave 4 should be approaching.

The blue waves represent the higher degree of trend EWs. Note how the white waves become subordinate to the blue 3. If white 5 has still a bit more to go, then likely, it'll signal the turn towards blue wave 4 correction. IF the white wave 5 and so the blue wave 3 are complete; then the ABC corrective sequence could start anytime. So, would this be the most ideal time to be buying?

The MACD should rise to help put in the final touches of white 5 before initiating the red abc sequence for blue 4. Once blue 4 is complete, blue 5 should take prices to never seen heights.

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
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Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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Thanks for the information. I'm new to all these cryptocurrencies and looking for posts like theses to get educated

Hi,

Can you please do an update on SBD/BTC SBD/USD

Thank you

Great post! Upvoted you. Following you aswell. Have a nice evening and thank you for sharing.