Dominion Energy (D): Wave 4 Correction Could be a Complex Sequence

SUMMARY

Note: For anyone who missed the BitcoinLive Information Webinar, here is the replay link: https://www.youtube.com/watch?v=32l40SNYOp4

As of June 4, ALL Crypto Analysis will be posted on the BitcoinLive channel and Steemit will be dedicated for Equity, Commodity and Options Analysis. To Signup for the BitcoinLive limited Founding Membership slots, use this link: https://get.bitcoin.live/haejin/

__

Dominion Energy (D) has likely already started its white wave correcton as shown in the below chart. it's impulse sequence shows that 1,2,3 completed and wave 4 is about 1/3 complete. How can D decline while the DOW hits an all time new high? This is actually quite common as many components decline while the index rises by influence of a handful of stars.

Still, as the MACD shows a very oversold state, a price bounce is expected and it could be significant from a percentage basis. While currently labeled as an ABC, one has to understand that stocks are more faithful to the rule of alternation between waves 2 and 4. Since white wave 2 was a simple ABC, there is good chance that white wave 4 can become a complex sequence.

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!!
--
--