previous impulse broke structure (BOS) and retraced to golden zone in an order block. from there it made smaller impulse that changed character (CHOCH) and is currently retracing to its golden zone in an order block. both Elliott Wave and SMC tell me it could be a good time to take the risk on RIOT.
Elliott Wave: We got pretty clean impulse up that checks all the boxes and respects temporary EW channel. What follows are overlapping waves contained in base channel, so looks corrective. Using EW guidelines we are expecting hit of a bottom band of a base channel around 100% of the length of first actionary wave of the correction. Market Structure (SMC): Move up...
SOUN - impulsive move up changed character and left untested OB, retracement in 3 waves hits middle of OB just where PF, GZ and 1:1 of a-c are. If its bullish this is an area i'm looking for a turn
Looks like EOS completed Flat after more than 5 years. Could it be that EOS will reach new highs?
If the proposed leg down unfolds as anticipated, it could mark the completion of a 23-year long retracement. Which would suggest Vodafone will reach new heights in future.
Road to moon is never easy, if it was easy it wouldn't be valuable. Down before up is like a slingshot, the harder you pull one way, the stronger and faster it goes the other way.