Elliottwaveretracement
LUNCBUSD RALLY UPDATEWave degree appears dynamic at this point.
From June 8th 2022 low of 0.00004123 to June 29th high of 0.00016663 is 5 waves up- wave I of 3.
decline from June 29th high to July 4th low is a rather corrective than impulsive looking like a zigzag 5-3-5- wave II of 3.
Price above 0.00014298 July 1st high would suggest wave III of 3 is underway provided July 4th low of 0.00010100 remains intact.
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$BTU ~ Correction in progress...As expected, correction in progress. Will be tracking very closely as in our opinion energy stocks will provide an amazing opportunity in the future. Whether its coal, uranium, oil, or natural gas we all need to realize the amount of energy the electrical world will need. Pay attention...
$CEIX ~ Correction in progress...As shown, majority of energy stocks are starting to correct. Looking into the future, we believe these companies will provide amazing opportunities. We expect barrels of oil to reach $300-400 a barrel by the end of the decade. When it comes to coal, china is building more and more plants to meet required energy. Recommend tracking this sector very closely for amazing opportunities.
$PARR ~ Correction in progress...As shown, majority of energy stocks are starting to correct. Looking into the future, we believe these companies will provide amazing opportunities. We expect barrels of oil to reach $300-400 a barrel by the end of the decade. Recommend tracking this sector very closely for amazing opportunities.
$RRC ~ Correction in progress...As shown, majority of energy stocks are starting to correct. Looking into the future, we believe these companies will provide amazing opportunities. We expect barrels of oil to reach $300-400 a barrel by the end of the decade. Recommend tracking this sector very closely for amazing opportunities.