FCEL Run up to Low $3This is my first attempt at charting, I'd welcome your feedback on whether I have done this right and if it is a valid opportunity.
FFFUELCELL ENERGY
5.112EURD
+0.197+4.00%
Last update at Jul 24, 17:19 GMT
EUR
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1FEY2 trade ideas
4th wave correctionI see a 4th wave correction that has been complete, I believe we are at the start of wave 5. Also a inverted cup and handle was formed. I use the the box method, the overall impulse is transferred to the handle resistance. Also fib is used in the inside of the cup, it matches up with the box method. Good luck everyone
Fuelcell energy Elliot wave & price predictionAccording to Elliot wave theory, wave 5 will reach near one of the three prices shown on the chart before the 8th of april.
Comment: The Most Typical Fibonacci Ratios/Multiples within Impulses: (from Chapter 4: Ratio Analysis):
- If wave 1 is extended, expect the net of wave 2-5 to be .618 x wave 1
- Wave 2 = 618 or .5 x wave 1
- If wave 3 is extended, waves 1 and 5 tend toward equality. A .618 relationship is next most likely.
- Wave 3 = 1.618 or 2.618 x wave 1
- Wave 4 = .382 x wave 3
- Wave 4 (net) typically relates to its corresponding wave 2 (net) by a Fibonacci ratio.
- Wave 5 = wave 1, or .618, or .382 x the net of waves 1 thru 3.
- If neither wave 1 or 3 is extended, expect wave 5 to be 1.618 x the net of 1-3.
- The time to complete waves 1 thru 3 = the time to complete the end of 3 to the end of 5.
