Cricut, Inc.
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Clean impulse on $CRCT - Wave 3 to follow

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It had a clean impulse on the daily chart. Now with 61% retracement done, it would be a good idea to consider Wave 3.


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Momentum Indicators are bullish on the weekly chart and it has taken a support from 40-week EMA. The candlestick is a hammer pattern as well.


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Classic example of resistance turned into a support or in other words, breakout and a retest.


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Morning Star Candlestick pattern on the daily chart which is a Bullish Reversal Pattern.


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The setup has a Risk-Reward Ratio of more than 8 with the SL being recent low and profit level being the equality level by Elliot Wave method.


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With parallel channeling, the approximate time for the trade can be expected around one month.
Candlestick AnalysiscandlestickpatternelliottwaveforecastselliottwaveprojectionElliott WaveelliotwaveanalysisparallelchannelspatterntradingsupportSupport and Resistance

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