Overall Bullish Trend with great EMA and Harmonic Entry LONG

11 may 2017

It seems we have a great opportunity to LONG this stock, as price action has progressed through structure almost reaching the Blueberry EMA, which would provide a high probability Entry LONG as well as breakout of structure going LONG.

Overall structure shows bullish trend but I'd advise caution on entry as we could see larger retracements down to the bottom channel if fundamentals show any adverse results.
It also seems there could be a high probability Bullish Bat Harmonic pattern forming, which could provide additional trading opportunities to SHORT this stock as well, through the progression through the bullish price action / trend and accompanying significant profits.

My Elliott wave count shows we are almost mid-way through a Wave 3 Cycle Period which means a LONG trade on this stock would be for several years (long term).
TDI shows shark fin (green) out of the water and blood (red) in the water, thus indicating a high probability of upwards move from the previous oversold position.

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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk.
Plan your trade and trade your plan... and IF in doubt, stay out.

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