After completing Wave C with a double bottom, Atom bounced strong out of this falling channel. These are next two resistance zones that Atom has to break. If we break the first Fib resistance (.382), I expect it to shoot to the .618 fib extension. Momentum has just printed a green dot which is indicating an upward continuation of this breakout.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.