Hello & welcome to this analysis
From the pandemic lows made in March 2020 till date it has likely completed Wave 1, 2 & 3 and is doing a time wise (TRIANGLE) corrective wave 4.
The sub waves of 4 are suggesting "c" is ending with "d" and "e" pending before it resumes the terminal wave 5 impulse.
This is suggesting that for quite a bit of time the stock could remain range bound.
This wave count of a triangle will be invalid if current decline goes below 1547 and/or the expected bounce in wave "d" goes above 1857.
Wave 5 target could be anywhere between 2400-2500
All the best
From the pandemic lows made in March 2020 till date it has likely completed Wave 1, 2 & 3 and is doing a time wise (TRIANGLE) corrective wave 4.
The sub waves of 4 are suggesting "c" is ending with "d" and "e" pending before it resumes the terminal wave 5 impulse.
This is suggesting that for quite a bit of time the stock could remain range bound.
This wave count of a triangle will be invalid if current decline goes below 1547 and/or the expected bounce in wave "d" goes above 1857.
Wave 5 target could be anywhere between 2400-2500
All the best
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Online courses on Harmonic Trading Patterns, Ichimoku & Trading Psychology Risk Management
t.co/3mGWp29Xkb
t.co/3mGWp29Xkb
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.