share price, page-113

hi all.
chart 1, weekly.
the chart below is ths same chart i posted sometime ago, i have not updated the chart because i feel the EW count is still correct at this time and i feel we are still looking for the bottom of wave A in this corrective pattern. the style looks to be sharp.





chart 2, daily.
this daily chart is one smaller degree to the weekly, so now i can try to count the EW waves within the daily and try to work out when the A wave on the weekly could end.
as you can see there is now a bullish divergence forming in the macd, that tells me this could the last wave in this count. i feel the 1-5 count is correct. the pattern of this possible 5th wave looks to be a ending diagonal.
the 5th wave of an ending diagonal often ends in a throw-over(a brief break in my lower trend line). short players will have to trade with tight stops because if this is a ending diagonal we could see a strong upward thrust after the diagonal is finished.




just my 2c worth DYOR.

have a good one

582