SUMMARY
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This weekly chart of Ralph Lauren (RL) shows an extended wave 1 (blue) but amongst the five, is not the most extended. Note how wave 5 is stubby compared to 1 and 3. Regardless, a full impulse has been posted. RL has then taken a corrective pathway and the first wave down has been swift. Is the correction complete?
When inputting the rest of subwaves, the actionary waves are qualified. The red A is a five wave decline which thus strongly suggests a ZigZag ABC type. Price is currently in the midst of a red B wave bounce, as shown by the blue abc subwaves. Red C wave down could still be expected as shown. It should take five subwaves down to a price region lower than red A.
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Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
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Essay: Is Technical Analysis a Quantum Event?
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firstly, i can't see the time period. so this chart is absolutely useless.
second why the hell will ralph lauren crash in the next few years just because you drew a random eliot wave. useless and absolute bullshit of an analysis. just spam analysing cryptos man.
What a good post friend, I used a lot of your great information, Keep making quality post and I will continue to support you greetings I followed you
:D
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thank for this lovely update,,,
Haejin, stop spamming! Use your brain to create good content! How can you spam about cryptocurrency 100 times per day??? People like you destroy Steemit!
Message to people who upvote this bullshit:
You can vote for BETTER and MORE earning (if you upvote only for curration rewards) CONTENT! Please, don't support junk posts!
Meh, Steemit likes talking about itself first and foremost, and cryptocurrencies second.
Also with 30858 followers, it doesn't take that many to reward Haejin handsomely for his content.
Thanks for the update