No offense to the bulls, but with so many bullish ideas shared, I think this may be the time to short this ticker.
From an Elliott wave perspective - it looks like 3 waves down since February 2020 drop was wave A and 3 waves up to complete wave B.
Wave C should take us to either -0.236 to -0.618 level.
Standard Target for Expanded Flat Correction:
Wave B = Retrace more than Wave A, 1.236%
Wave C = Goes beyond the end of Wave A. 1.236 to 1.618%
From an Elliott wave perspective - it looks like 3 waves down since February 2020 drop was wave A and 3 waves up to complete wave B.
Wave C should take us to either -0.236 to -0.618 level.
Standard Target for Expanded Flat Correction:
Wave B = Retrace more than Wave A, 1.236%
Wave C = Goes beyond the end of Wave A. 1.236 to 1.618%
Aviso legal
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.