Roper Technologies (ROP): A Potentially Hard Correction Ahead!! by haejin

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· @haejin ·
$199.69
Roper Technologies (ROP): A Potentially Hard Correction Ahead!!
<center>![](https://cdn.steemitimages.com/DQmYUsZX2SbgQAhHKcmKfXb5K5bt5egQ8nRpQ2ysZNFciZQ/image.png)</center>
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**SUMMARY**

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


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

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This chart of Roper Technologies (ROP) should have every long investor consider twice as to whether it the ideal time to be holding, buying or profit selling. When is the best time to buy? For me, it's the terminal ends of corrections. When is the best time to sell? For me, it's the top of waves 3 and 5. Per the Elliott Wave count in the below chart, wave 3 is long past and the current scenario seems quite ripe for wave 5. What would you do?

![](https://cdn.steemitimages.com/DQmQe69kF4vxJDF9xKbXBCAHiLvQVP9qzJospcawN1ebN5P/image.png)

There is a scenario whtere wave 5 still has one more higher high to go. The below chart shows the subwaves of red 5 and so white 5 could still be unfilled. However, is it worth the risk to hang around for the last crumbs? Leave some on the table for the greedy ones! The correction is likely to be severe from both price and percentage perspectives. The red ABC show the potential corrective sequence. 
![](https://cdn.steemitimages.com/DQmQE7NUFzKEh5eaTCUeTM6ua9L1mBpgQQGVRddaZTbxkWZ/image.png)

It's important to understand that even in this long term EW count, the red waves themselves are actually subwaves to a higher degree of trend wave 1. The red ABC are subwaves to a higher degree of trend wave 2. So, in effect, that higher degree wave 2 (unmarked) is in progress. Can it decline more than as marked? YES! Would you be cautious or keep buying? The MACD is likely to collaborate and decline with the price; except for some bounce rallies. 

![](https://cdn.steemitimages.com/DQmdTDWS5AGG7oS1wzNgDKN4eCj13r2t1Rj2F2VJRSY8JxJ/image.png)


**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. </center>


Please consider reviewing these Tutorials on:
[Elliott Wave Counting Tutorial #1](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-1-by-haejin)
[Elliott Wave Counting Tutorial #2](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-video-2-zig-zag-and-flat-corrections-how-to-recognize-and-label-corrective-waves)
[Elliott Wave Counting Tutorial #3](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-iii-how-to-label-and-apply-triangle-price-corrections)
[Laddering](https://steemit.com/bitcoin/@haejin/an-effective-buying-and-selling-strategy-laddering-a-tutorial-on-to-cast-a-ladder) and [Buy/Sell Setups](https://steemit.com/bitcoin/@haejin/when-to-buy-and-sell-using-elliott-waves-a-tutorial). 
[Laddering Example with EOS](https://steemit.com/bitcoin/@haejin/eos-target-usd3-22-analysis-update-live-real-time-laddering-example-you-don-t-want-to-miss-this)
[Tutorial on the use of Fibonacci & Elliott Waves](https://steemit.com/bitcoin/@haejin/tutorial-on-the-use-of-fibonacci-ratio-and-elliott-waves)
[@haejin's Trading Nuggets](https://steemit.com/bitcoin/@haejin/haejin-s-trading-nuggets-all-learned-through-tonnages-of-failure-experiences)
[Essay: Is Technical Analysis a Quantum Event?](https://steemit.com/bitcoin/@haejin/essay-is-technical-analysis-a-quantum-event)

Follow me on [Twitter](https://twitter.com/Haejin_Crypto) for Real Time Alerts!!
Follow me on [StockTwits](https://stocktwits.com/HaejinCrypto) for UpDates!!
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@mritsnobigdeal ·
I key into this.
I totally agree with you on the best time to buy and on the best time to sale.
Thanks for sharing this.
👍  
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@sarmin42 ·
Bitcoin is the best degital currency.
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