ACME - TA
Updated
MA 200+MA 50+MA 20 has align all together give signal the price is ready for bullish. EW count include in this analysis including sub wave count. Two possible EP stated in this ACME TA.
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1. Price candle break out MA 200 on 8 May '23 give strong signal the price movement may change direction to bullish soon.2. Price candle testing MA 200 on 1 Aug '23 to shake out weak retailers.
3. GC (Golden Cross) MA 50 & MA 20 happen on 25 Aug '23 give another strong signal the price is ready for bullish.
4. Price candle and MA 200+MA 50+MA 20 has align altogether give sign the price is ready for bullish. Two propose EP stated in this ACME TA.
5. Once price candle break out strong resistance at 2nd EP, this counter will fly high to sub wave iii. EW count analysis include in this TA together with sub wave count.
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Immediate support and resistance is visible in the chart and accumulation will occur in this area. Possible 1st EP when the price candle BO and closed at 0.255 and above.Note
Price candle has BO the immediate resistance (0.27-0.285) with low volume. Expected price may PB temporary to form support line.
AHI
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