CCIV Update on Pattern Play

2 Jun 2021

Chart posted 6-2-2021 at 8:34am - Making a small adjustment to this chart that was posted yesterday. Again I am late posting this, but noticed the price action go up farther than previously noted. Sometimes this happens- and if so, it indicates (to me) a different pattern. So I am changing the dominant pattern from the crab to the butterfly. So this means we will have less retracement.. but currently we want to see a price rebound around 20.50. However if we do not get this and price goes above 23.00 then we remain long. I took profits yesterday before the closing bell. If you are still in- no bog deal just do not hold below 20.00. Also I have provided a rough draft of the Elliot Wave.
Right now I am just waiting for that 20.50 -21.00 mark to get back in. Again the ultimate target is around 27.00 . Hope this update helps.

2 Jun 2021

Nota

If the equity price goes over 22 this am- then that means this pattern is not in play and we will regroup with an update.

2 Jun 2021

Nota

chart looks busted.. will have to re-examine have no idea what this price action is doing right now lol

2 Jun 2021

Nota

Chart looks accurate, but I think the shark pattern is just truncating the C leg of the bearish pattern. We may see a gap up tomm. Imma leave this the way it is and see what develops tomm. Didnt get a lot of price action today.

8 Jun 2021

Nota

CCIV been tricky but th eprice action holds true- not necessarily in a traditional Elliot wave fashion. However price still up. Possible correction coming up

15 Jun 2021

Dagangan ditutup: sasaran tercapai

Target was reached June 9th.