Hi All
ESS moved from 28c to 54 , a very nice run , but nothing goes vertical and so it appears that the handle ( wave 4 down ) of the cup is developing now, wave 4 down are rather shallow retraces, so its a coin toss whether it hits either the 38 / 50 fib ( 44.50/41.18 ) support zones, whereby i expect wave 5 up to follow suit.
MACRO is stable......so far.
So next week i predict that handle to be near complete and commencing the wave 5 swing up......BULLISH !
Its just a theory not a fact, lets see how ESS responds accordingly.
imo
- Forums
- ASX - By Stock
- ESS
- ESS Chart
ESS Chart, page-302
- There are more pages in this discussion • 474 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)