SCBTC In leg 2 of 5 in a major elliot wave?

12 May 2018

Please do not take these charts as advice - I am just learning and using the publish feature to store my charts to see how I can improve.

We need to break out of these triangles to begin wave 1 of leg 3 for the Elliot wave theory to stay in tact

• Got a good elliot count
  
• Price last made a new higher high but RSI shows a lower low showing hidden bullish divergence
  
• We are at the end of wave 2 which means up from here
  
• Histogram upticking
  
• MACD crossing over
  

I am a beginner with these things so please don't take my advice as this will more than likely be nothing like what is going to happen :)

Good luck trading