What changed?
Since our last update, Block’s stock has struggled to generate the upward momentum anticipated under the primary scenario and has instead drifted increasingly lower. We have therefore adjusted our wave count slightly and are now allowing the price a bit more time for an intermediate correction, which we had previously already considered complete.
Primary scenario
Under the primary scenario, we still locate Block within an upward impulse and expect rising prices beyond the resistance at $87.44 in its wave three. First, however, the price must complete a subordinate intermediate correction — while remaining above the support at $44.27.
Alternative scenario
In our alternative scenario, XYZ would see a more extended correction toward a new low, which would form within our alternative blue long-term entry range (coordinates: $31.81 – $18.68) (probability: 30%).
Since our last update, Block’s stock has struggled to generate the upward momentum anticipated under the primary scenario and has instead drifted increasingly lower. We have therefore adjusted our wave count slightly and are now allowing the price a bit more time for an intermediate correction, which we had previously already considered complete.
Primary scenario
Under the primary scenario, we still locate Block within an upward impulse and expect rising prices beyond the resistance at $87.44 in its wave three. First, however, the price must complete a subordinate intermediate correction — while remaining above the support at $44.27.
Alternative scenario
In our alternative scenario, XYZ would see a more extended correction toward a new low, which would form within our alternative blue long-term entry range (coordinates: $31.81 – $18.68) (probability: 30%).
📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Pubblicazioni correlate
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.
📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Pubblicazioni correlate
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.