ICONOMI (ICN): One More Lower Low to a Probable Bottom

3년 전

SUMMARY

ICONOMI (ICN) is expected to bottom on this correction. It's amusing how ICN is the same airport code for Incheon Airport in Seoul. ICN had broken out of the symmetrical triangle that also counted well as an abc correction. The breakout was impulsive as shown by the blue waves. Elliott Waves states that after five waves, there is a a requisite retracement, often in the form of abc waves.

A closer examination shows that the corrective waves are actually an expanded flat. Expanded Flat corrections has the B wave reaching far higher than the start of A wave and the C wave declines below the A wave. Subwave counting is crucial to be able to determine and project with good probability. The tail end of wave C could be as the yellow subwaves show.

Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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  ·  3년 전

Folback... Repost pless

Any chance for an analysis for Numeraire? The MACD is really weird for this coin

nice. love your videos haejin!! you the man

New update BTC?

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If Btc duplicates last years perf then it will go to 200k by year end. It will hit $7800 before mooning again.

Hi Haejin, love you videos and analysis. Would you be so kind to be able to do another review analysis of 8BIT coin. Your analysis indicate significant growth over the next month. Since market correction is this still the analysis? Kind Regards

TNT Right on ! Could you also look at NAV. Thank you Haejin !

$SKC Skeincoin chart's formed a cup with handle. It's one of the most undervalued coins which has an active team and great community. Low supply, low marketcap.I think we should see x10-20 in the next few months. They've recently announced a new website. @futuranaft

thanks. have a nice day

Hi Haegin, could you do Neo

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Hi Haejin, love your videos. Could you please do a review of 8BIT again. Thank you kindly

Gracias por compartir tus análisis

I love your posts, thank you so much for sharing Haejin!

great article thanks for sharing

Great read

  ·  3년 전

can you please take a look at YOYOW

Hello Haejin can you please do RDD analysis. It's been 3 months and would like to know if it is still correcting. Thank you