Triple 000 and Sub-penny Chart Plays

[trader53]

RNWF - ICNB - Elliott Wave Analysis


ICNB - Wave 4 - from 0.0016 declines to 0.0005

RNWF - Wave 4 - from 0.0009 declines to 0.0004

________________________________________________________________


RNWF - Elliott Wave 5 - Targets
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139471582&txt2find=RNWF

Buy after an Elliott Wave 5-Wave Decline
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=135552097

https://www.stockscores.com/charts/charts/?ticker=RNWF

________________________________________________________________


ICNB - Alerted at 0.0001
Climbs to $0.034
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136148622
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=135084396&txt2find=ICNB
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=135084432&txt2find=ICNB
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133393120
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133391814
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133088371
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133038691
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128624024
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128190801
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=127870237
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=127697500
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=127408920
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124697932
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124598199

_________________________________________________________________


ICNB - Wave 4 - from 0.0016 declines to 0.0005



RNWF - Wave 4 - from 0.0009 declines to 0.0004




Buy after an Elliott Wave 5-Wave Decline
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=137833062

Elliott Wave Basics
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=113103065

Elliott Wave Principle
http://www.forexhit.com/learn-forex/elliott-wave-principle.html

Elliott Wave Theory
http://ta.mql4.com/elliott_wave_theory





















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.




Wave 2 - Stock Declines

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

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 4

Traders take profits
because the stock is considered expensive again.
This Wave tends to be weak
because there are usually more people
that are still bullish on the stock
and are waiting to “buy on the dips.”





Wave 5

This is the point that most people get in on the stock,
and is mostly driven by hysteria.
You usually start seeing the CEO of the company
on the front page of major magazines
as the Person of the Year.
Traders and investors start coming up with
ridiculous reasons to buy the stock
and try to choke you when you disagree with them.

This is when the stock becomes the most overpriced.
Contrarians start shorting the stock
which starts the ABC pattern.