Elliot Wave (Failed Breakout) creates long-term growth potential
TGTX made an Elliot Wave but it failed to continue the trend after the Correction Wave and it collapsed.
However, The Elliot Impulse Wave did create potential for TGTX because it built up a good Trend Channel.
To continue to grow, it would need to enter Trend Channel first and then stabilize within it.
The green dotted line is where it needs to go.
Note: This is for Educational Purposes Only.
However, The Elliot Impulse Wave did create potential for TGTX because it built up a good Trend Channel.
To continue to grow, it would need to enter Trend Channel first and then stabilize within it.
The green dotted line is where it needs to go.
Note: This is for Educational Purposes Only.
Note
The Elliot Wave, Elliot Impulse point 0 is under all the other.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.