Triple 000 and Sub-penny Chart Plays

[trader53]

CTLE - Elliott Wave Basics

CTLE - Are you ready to Surf Wave 3 ?




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Wave 1

* Wave 1 - Stock Climbs, from 0.0001 to 0.0006

The stock makes its initial move upwards.
This is usually caused
by a relatively small number of people
that all of the sudden
(for a variety of reasons, real or imagined)
feel that the price of the stock is cheap
so it’s a perfect time to buy.
This causes the price to rise.

Wave 2

* Wave 2 - Stock Declines, from 0.0006 to 0.0002

At this point,
enough people who were in the original wave
consider the stock overvalued and take profits.
This causes the stock to go down.
However, the stock will not make it to its previous lows
before the stock is considered a bargain again.

Wave 3

* Wave 3 - Stock Climbs, from 0.0002 to ________

This is usually the longest and strongest wave.
The stock has caught the attention of the mass public.
More people find out about the stock and want to buy it.
This causes the stock’s price to go higher and higher.
This wave usually exceeds the high created at the end of Wave 1.



* Wave 1 - Stock Climbs, from 0.0001 to 0.0006

* Wave 2 - Stock Declines, from 0.0006 to 0.0002

* Wave 3 - Stock Climbs, from 0.0002 to ________