Marriott International (MAR): Looking Toppy

SUMMARY

Note: For anyone who missed the BitcoinLive Information Webinar, here is the replay link: https://www.youtube.com/watch?v=32l40SNYOp4

As of June 4, ALL Crypto Analysis will be posted on the BitcoinLive channel and Steemit will be dedicated for Equity, Commodity and Options Analysis. To Signup for the BitcoinLive limited Founding Membership slots, use this link: https://get.bitcoin.live/haejin/

Marriot International (MAR) is also likely starting the red halo events. The chart below shows a clear and crisp five wave run up where wave 5 is already or will soon be complete (red halo). Would you be a buyer or a profit taker at this point? When a major service company like Marriott is showing toppy charts; an economic slowdown could be fast approaching.

Note the extended 5th wave! The subwaves (blue) of white wave 5 fits well and qualifies the count. The blue abc provide the likely pathway for correcting the blue five wave up. Would this be the end of the correction or has it just started?

The blue abc are subwaves to a higher degree of trend red A wave. The red B wave could potentialy fool many to think that the correction is over only to experience the red wave C down effects.

The bigger picture shows that the blue circled waves are higher degree of trends. The red ABC correction is the subwave sequence for blue wave 4.

The MACD is saying a blue wave b bounce is to be expected. However, once red A is complete, then red B and C must come into awareness so as to not be surprised.

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?