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YWWUSD $0.96+? Elliot Wave Analysis

Price target: 1:1 extension of wave 1
Stoploss: 0.25 (below C)

ABCDE contracting triangle correction with lower highs and higher lows
Contraction of volume during triangle like normal

Bullish indicators:
-Falling wedge on MACD
-MACD kissing after downtrend
-Below 20 on stochastic (best entry would be after it goes above 20)
-Just finished ABCDE allowing for a very safe entry with huge profit potential with very good risk to reward ratio


Uwaga
I misplaced the extension - PT is still 1:1 extension, however, it's at $1.03
Uwaga
Stochastic broke 20 level - I already entered but now would be a good time to enter (30 cents)
Uwaga
Pennant ends at midnight for me - meaning potentially 14 hours before something happens
Uwaga
s3.amazonaws.com/tradingview/snapshots/t/tqcV7d3V.png looking like 24 hour range now, new stoploss at 0.275
Uwaga
s3.amazonaws.com/tradingview/snapshots/n/N3MF244P.png this shows more like 20 hour timeframe
Uwaga
snapshot
Many time frames are beginning to have moving averages converge. 15M just went bullish
Uwaga
snapshot 30M
Uwaga
snapshot 1H
Uwaga
s3.amazonaws.com/tradingview/snapshots/q/qXkAAVQa.png
More pennant drawings - I would say very likely something happens within one of these timeframes
Uwaga
s3.amazonaws.com/tradingview/snapshots/t/TEyjyaXi.png
Breaking out? Bullish MACD divergence
Uwaga
s3.amazonaws.com/tradingview/snapshots/7/7KVn30E4.png
Leg 3 started, if it goes down below E then the entire pattern is invalidated but at this point a 1:1 extension from E is 1.01 which is the same pt as before.
Uwaga
s3.amazonaws.com/tradingview/snapshots/c/cRke9ii3.png
Leading diagonal (wave 1 sub-primary) Stop loss below wave 4.
Uwaga
Watch for those fibonnaci levels to be resistance levels
Uwaga
Placed improperly on previous update
s3.amazonaws.com/tradingview/snapshots/d/dwHuCJmx.png
Uwaga
s3.amazonaws.com/tradingview/snapshots/f/FTIsEJLP.png
Good spot to add more/enter, at this point if it goes below E at this point that is when it is invalidated completely. Until then, I don't think so.
Uwaga
s3.amazonaws.com/tradingview/snapshots/v/vqbshS5Z.png
50-62 cents price target for sub-primary wave 3
Uwaga
Stop loss .28

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