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 attivo
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 chiuso: obiettivo raggiunto
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.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
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.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.