Centrality (CENNZ): A Bullish Setup

SUMMARY

For Centrality (CENNZ/BTC), price, patter, waves and indicator are flashing a bullish setup potential. Below is the correction waves and subwaves. The rounded bottom is a cup formation which is the most common mode of consolidation prior to a trend reversal.

The Cup & Handle is the most common combination pattern of the Cup and Bull Flat or pennant. Given that the pattern is nearly complete, the white arrow line projects the future price pathway in an impulse wave set (blue waves). The MACE should also provide a resolution and support the upside rally. Cup & Handle patterns are slow to finish but the resulting rallies are quite sustainable.

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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
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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