QBE Daily Chart - Triple 3 relatively rare corrective pattern
Planning to scale in now into my long term position trade on QBE
1 year corrective pattern is now complete and earning release is on the 11th August which could be a catalyst
My first buy was around $8.00, so looking to add to a winner with a complex elliot wave pattern now complete
I'm not an elliott guy - so go gentle ellioticians, but i think the structure is pretty clear that this sideways move is now near completion
Given that the monthly chart is retesting a super long term triangle breakout I have more confidence that this is near the start of a trend
Learnt this a long time ago and glad it stuck!
1 year corrective pattern is now complete and earning release is on the 11th August which could be a catalyst
My first buy was around $8.00, so looking to add to a winner with a complex elliot wave pattern now complete
I'm not an elliott guy - so go gentle ellioticians, but i think the structure is pretty clear that this sideways move is now near completion
Given that the monthly chart is retesting a super long term triangle breakout I have more confidence that this is near the start of a trend
Learnt this a long time ago and glad it stuck!
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