Complementing Elliott Wave With Keltner Channel
The price chart of Floki got me scratching my head knowing fully well this is a great opportunity with a small risk.
From the low, we rallied in five wave for 9 days with a gain of 693.07% and have since traded in a corrective price channel for 65 days and have lost 82.16% of it ATH value.
Moving forward, for those who a familiar with Keltner Channel, we are currently bouncing of the low of the channel indicating that the correction may have probably ended or coming to an end.
From Elliott perspective, we are currently tracing out an ending diagonal for the wave C of the zigzag which are usually followed by a dramatic reverversal typically taking price to atleast the origin of the pattern and beyond.
Don't forget to do your own research.
I hope you find the analysis useful.
M. A. ONIMISI
From the low, we rallied in five wave for 9 days with a gain of 693.07% and have since traded in a corrective price channel for 65 days and have lost 82.16% of it ATH value.
Moving forward, for those who a familiar with Keltner Channel, we are currently bouncing of the low of the channel indicating that the correction may have probably ended or coming to an end.
From Elliott perspective, we are currently tracing out an ending diagonal for the wave C of the zigzag which are usually followed by a dramatic reverversal typically taking price to atleast the origin of the pattern and beyond.
Don't forget to do your own research.
I hope you find the analysis useful.
M. A. ONIMISI