Hello Traders,
Bank of America Elliott wave analysis suggests that a decline to $27.26 low ended blue wave (3). The internals of that decline unfolded in 5 waves impulse structure in lesser degree cycles. Up from there a 3 wave bounce to $29.19 high ended blue wave (4) as double three structure. Down from there, the stock declined lower in another lesser degree 5 waves structure. That completed the blue wave (5) lower at $25.91 low. Which then also completed black wave ((C)) & the cycle of red wave IV pullback.
Above from there, the stock is expected to resume the upside in cycle red wave V ideally. Or should do a larger 3 wave bounce to correct the cycle from 3/12/2018 peak. Currently, the rally from $25.91 low is nesting higher and it ended blue wave (1) at 28.38 peak and the pullback is also proposed to be compelted at 27.51 in blue wave (2). As long as the stock remains above 27.51 low but more importantly above 25.91 invalidation level, it is expected to extend higher. We don’t like selling the stock.
Bank of America Elliott wave analysis suggests that a decline to $27.26 low ended blue wave (3). The internals of that decline unfolded in 5 waves impulse structure in lesser degree cycles. Up from there a 3 wave bounce to $29.19 high ended blue wave (4) as double three structure. Down from there, the stock declined lower in another lesser degree 5 waves structure. That completed the blue wave (5) lower at $25.91 low. Which then also completed black wave ((C)) & the cycle of red wave IV pullback.
Above from there, the stock is expected to resume the upside in cycle red wave V ideally. Or should do a larger 3 wave bounce to correct the cycle from 3/12/2018 peak. Currently, the rally from $25.91 low is nesting higher and it ended blue wave (1) at 28.38 peak and the pullback is also proposed to be compelted at 27.51 in blue wave (2). As long as the stock remains above 27.51 low but more importantly above 25.91 invalidation level, it is expected to extend higher. We don’t like selling the stock.
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Intraday updates, Entries, Live Analysis, Videos, Chat room and Full Wave counts (Weekly, Daily, 4H, 1H) are in the EWF members area.
Try it for 14 days: elliottwave-forecast.com/plan-trial/?utm_source=tradingview&utm_medium=signature
Try it for 14 days: elliottwave-forecast.com/plan-trial/?utm_source=tradingview&utm_medium=signature
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。