One of my friends was telling me how good Ericsson stock is performing these days, and I took a look. Immediately I saw the uncanny similarity of its fractal vs Tezos, even though Tezos pattern is a few months span while Ericsson's is ... well 20 years! Anyways this post is not a serious TA but more for shits and giggles. Uncanny resemblance here and I certainly...
Looking very much like a classic complex correction pattern. You can either see it as double three or triple three, but I bias to simplify it as a double. The final ending could break down the triangle to form a zig zag too, which would be more short term bearish. However, I believe that does not change the outcome of the final wave up. See below link for a...
Reasoning: - Elliot Wave 5 starting - Falling wedge formed - TD 9 on 4 hour providing support - In ascending channel - MACD bullish cross-over on 1h Price target $3.3