CVS Health (CVS): Is the Correction Over?

in #money7 years ago

SUMMARY

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I believe CVS climbed astronomical heights from its humbe wave 1 beginning. Since then, price has corrected in a downward bullish wedge formation. Would this be the time to be taking buying or selling actions? The correction could still make an incremental lower low; however I've always believed that the best time to take buying actions is at the terminal end of a correction.

With the subwaves filled in, the blue waves complete the white wave 3. The downward corrective wedge is labeled as ABCDE (red). IF wave E is complete, a breakout from the wedge pattern should occur soon. The MACD has also made a higher low while price made a lower low and thus a bullish divergence is playing out.

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.

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Let's see what will happen...

NICE POST THANK GOD

awsome, thank for post !

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The best time to buy bitcoin is when the corrective wave is finished or just before it to achieve as many points as possible