Sunday, May 01, 2016 12:48:48 PM
the Wave right after a prolonged downtrend.
ISBG - The Elliott Wave 5-Waves Sequence
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This stock has been going down,
and starts to trade sideways,
forming a base.
The sellers who once had the upper hand,
begin to lose their power,
because the buyers are starting to get more aggressive.
The stock just drifts sideways without a clear trend.
Everyone hates this stock!
This is the time to be Loading the Boat !!
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Impulse Wave 1 - The Accumulation Stage
the Wave right after a prolonged downtrend.
Wave 1
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.
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