Fun Fair (FUN) A Twofer!

SUMMARY

Rounded price formations have three parts: the left wall, basin and right wall. Combined, they consume quite a bit of time to pattern out. However, an effective consolidation mechanism. It's also bullish; once complete. The below chart of Funfair (FUN) is putting in its second consecutive rounded price formation. This could also be called a double bottom. The ABC seems compelte and the blue arrow is showing a symmetrical price pathway into July.

The basin phase is outlined by the white rectangle and the right wall will be built by a vigorous impulse of five waves up.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--