Ezra seems like have completed a nice and complete Elliott Wave pattern (1,2,3,4,5, A, B, C). Currently Ezra has formed a higher low and testing the 61.8% Fibonacci Retracement resistance at $1.805. Breaking above this resistance will give Ezra to test 20D and 50D MA resistance at about $1.84. Going above these resistances give Ezra a very good outlook in forming a “Higher Higher, Higher Low” uptrend pattern. Next immediate resistance is 200D MA at about $2.10. Welcome for any comment if you have different views.
Ezra: Going to Start an Up Trend?
- Post author:Marubozu
- Post published:July 11, 2010
- Post category:Ezra
- Post comments:0 Comments
Tags: Elliott Wave