YUM! Brands (YUM): Be Cautious!!

in money •  21 days ago

SUMMARY

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Yum! Brands is has been a dear bull son of the Motley Fools service and boy did they hit a home run on this since their initial recommendation in the late 1990s. A shareholder from then to now would have gained a 2,077% in profits!! However, the only constant in our universe is change. And price change occurs in a fractal sequence of five waves actionary and three reactionary. The below chart shows that the five wave sequence could be complete or will be anytime!

When including pattern, a noticeable upward bearish wedge is very close to having the price come proximal. For now, I've labeled teh subwaves as having one more higher high left; however, not required because the whole top could already be in. The correction is likely to take and ABC pathway and the retracement could be much deeper than shown; becuase in this case, the correction will be a wave 2 of a higher degree of trend and that can retrace 0.78 Fib level.

The MACD has patterned out a small downward wedge so this could induce a rise to correlate with the one more incremental price rise.

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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Thanx for research

Important information, thanks for sharing, greetings!

Thanks we all need to be cautious now

thank you for sharing important information, i always wait for something like this from @haejin

hey Haejin,
as you protected STEEM-DOLLAR skyrocketed yesterday!
Was this only 1 of 5?? 3 could be breathtaking!

Thank you for your never ending share of knowledge on the crypto world.
Looking forward to learning more on thecrypto world from you.
Stay steeming @haejin