GIFTO (GIFT): Comes Bearing Gifts of Profit?

SUMMARY

NOTE: To All my near 30k Followers, IF you read and value my blogs and would like to receive continued analysis output, I STRONGLY URGE BOYCOTTING the use of @promobot to promote any of your posts. It and @transisto (full or part owner of @promobot) have targeted my blogs for downvotes and are encouraging others to do the same. @promobot is doing what randowhale had...scamming by using delegated SP to wage personal downvote campaigns! Meanwhile, @transisto, a self annointed Censor of Steemit, has been for a very long time and still is self upvoting his own comments using multiple accounts like there's no tomorrow! @transisto, a Steemit Developer of all people, exemplifies the most ideal circle jerker!

I Recommend @upmewhale and @themoneytree!!

Bullish wedge patterns within a larger pattern is not a bad thing; but rather bullish. It's like packing double the punch into a waiting breakout. Note the chart below and how the two smaller downward wedge patterns are encased within the larger white one. Meanwhile, they outline the ABC corrective waves. Price has breached out of the upper white trend line but it's lack of surge is a missing point, thus far.

However, given how the MACD is just as clos as it can be to the apex; wave 1 of an impulse could either be complete or will be with a surge. Price needs to make higher highs for this breakout to become genuine. IF price goes sideways, more consolidation could be required; but that scenario is an alternate, for now.

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
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--