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<p>BEAT (Audiera) is now up 50% since it broke our 3-month channel resistance, and printed a 16h bullish RSI divergence.

While these are all the signs we want to see in a reversal, I want to see something else for a stronger confirmation.

And this is Wave 1 in a 5-wave move up on a Daily chart, which we can confirm on the lower time frame, then a corrective Wave 2 higher low for my low risk entry.

A deeper dive into the structure and Elliott Wave basics on BEAT will be available on the longer video version on my YT channel.

Is this a reversal, or only another corrective wave up?</p>

BEAT (Audiera) is now up 50% since it broke our 3-month channel resistance, and printed a 16h bullish RSI divergence.
While these are all the signs we want to see in a reversal, I want to see something else for a stronger confirmation.
And this is Wave 1 in a 5-wave move up on a Daily chart, which we can confirm on the lower time frame, then a corrective Wave 2 higher low for my low risk entry.
A deeper dive into the structure and Elliott Wave basics on BEAT will be available on the longer video

BEAT (Audiera) is now up 50% since it broke our 3-month channel resistance, and printed a 16h bullish RSI divergence. While these are all the signs we want to see in a reversal, I want to see something else for a stronger confirmation. And this is Wave 1 in a 5-wave move up on a Daily chart, which we can confirm on the lower time frame, then a corrective Wave 2 higher low for my low risk entry. A deeper dive into the structure and Elliott Wave basics on BEAT will be available on the longer video version on my YT channel. Is this a reversal, or only another corrective wave up?

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