Since listing on 22 Oct 2024, Hyundai bottomed on 7 Apr 2025 and has since been forming its first impulse wave.
It appears that the stock has completed its first impulse wave of minor degree with a Wave 1 extension.
The wave structure suggests that -
Wave 1 extension had sub-wave 1 extension (as per EWP, extended sub-waves behave similar to parent wave).
Wave 3 = 78.6% of Wave 1
Wave 5 = 78.6% of Wave 3
Internal wave counts align with the extension scenario.
In case of Wave 1 extensions, Waves 3–5 usually terminate within 0.618 – 1.414x of Wave 1.
Recommendation:
Investors who are long may consider exiting at current levels or trade with a strict trailing stop loss.
Trade active
Stock has been undergoing correction as a Zigzag. Wave A is over and possibly Wave B and Wave C in formation. If going long, trade with strict TSLTrade closed: target reached
I had initiated an "Exit" call on the stock on 22 Sep 2025 immediately after completion of the impulse wave. The stock has completed correction on 6 Apr 2026. That was a good 42% correction. Those who exited would have been immensely benefitted. Updating status now. 
ChartTheWave |
t.me/chartthewave
This channel is a common forum for "Elliott Wave Principle" enthusiasts, learners and practitioners. We aim to build a team of traders who practice EWP for common benefit; co-learn, teach, share, validate and benefit.
t.me/chartthewave
This channel is a common forum for "Elliott Wave Principle" enthusiasts, learners and practitioners. We aim to build a team of traders who practice EWP for common benefit; co-learn, teach, share, validate and benefit.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
ChartTheWave |
t.me/chartthewave
This channel is a common forum for "Elliott Wave Principle" enthusiasts, learners and practitioners. We aim to build a team of traders who practice EWP for common benefit; co-learn, teach, share, validate and benefit.
t.me/chartthewave
This channel is a common forum for "Elliott Wave Principle" enthusiasts, learners and practitioners. We aim to build a team of traders who practice EWP for common benefit; co-learn, teach, share, validate and benefit.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.