STORJ: Has Tons of Profits in Storage!!

SUMMARY

STORJ has some serious potential in profits to deliver, it just needs to be tapped by time. Yes, time is on all our sides because the trend reversal has just barely started. The below chart shows the short term wiggles and squigles and not a degree of trend I would trade by. I use short term only to qualify the larger degree of trend counts. The current correction could likely reach toward the white rounded price formation line. The ABC is drawn to indicate that move, though it'll change very little to the longer term outlook.

The consecutive sequence of rounded price formation is still in progress, in the longer term view. The impulse is still intact. Price not yet exited the basin phase (white rectangle and that's probably when the excitement will start. Patience in time is needed and that's called discipline! The MACD could take a dip but rise to support the basin phas exit of price.

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?

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