ATOM (Weekly) / Elliott Wave & Algo Technical Analysis
ATOM followed our red line and hit the lower green box confluent with the 50% and 61.8% weekly algo longs. All that was designed five trimesters ago. Notice the nice algo defence on the weekly TF (white arrows at the 50% and 38.2% retracements). EW speaking, we possibly ended a flat as expected. What is very interesting in ATOM is the potential inverted head & shoulders pattern. $71.5 remains the algo target (green line) as long as the weekly GZ long holds (~3.75)!
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We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities , VIX , DXY , in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively but backed by solid algo trading evidence. We also answer all your questions regarding the Elliott Wave Principle!
Cryptos are updated every day of the week and on Saturday, if necessary.
Traditional assets are updated every day of the week.
Elliott wave & Fibonacci labelling:
Common path in white, bullish count in green, bearish count in red.
Please like and share if you appreciate this market update.
We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities , VIX , DXY , in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively but backed by solid algo trading evidence. We also answer all your questions regarding the Elliott Wave Principle!
Cryptos are updated every day of the week and on Saturday, if necessary.
Traditional assets are updated every day of the week.
Elliott wave & Fibonacci labelling:
Common path in white, bullish count in green, bearish count in red.
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