Fair enough I look at Elliott Wave as a useful guide when deciding if there is more in it and in combination with Fibonacci to a certain point without trying to get anal about it. As for harmic patterns, seeing that someone was challenging me on harmonic patterns I recently got again stuck into them, once again as a useful guide to a establish possible future moves. Anyway here is a EVN chart with the wave how I currently see it. Naturally if I'm correct with that then v of 5 of (5) was a significant high, which should be followed by an ABC forming a 5 down for A, a 3 up for B and a 5 down for C move. You can see my suggestion for A down in the falling channel. Obviously the position of A is speculative assuming that iv up has reached its high.
For beisha I have included the SP/Indicator divergences of RSI and MACD and some channels, as he has seen me using those before. Naturally my opinion of any chartist worth his salt, should be able to read a chart and coming up with his/her own interpretation stands! Asking question (respectfully) for clarification of someone's interpretation though, are always welcome!
EVN Price at posting:
$5.72 Sentiment: None Disclosure: Not Held
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