Hi Traders!
The chart above shows that the advance in Spotify from its September 2020 low has been taking the shape of the Elliot Wave five-wave impulse sequence, labeled (i)-(ii)-(iii)-(iv)-(v). The sub-waves of wave (iii) is also visible.
The price action follows the guideline of alternation quite well, wave (ii) is a sharp and deep correction and wave (iv) unfolded as a shallow and sideway corrective pattern.
If this count is correct, impulsive price action above $350.33 will signal wave (iv) is complete and
SPOT is heading higher in wave (v) to complete the impulse sequence. Targets above wave (iii) high and $400/share is plausible in the weeks ahead.
What's your view onSPOT? Let me know in the comment.
Thanks for reading!
Veejahbee.
The chart above shows that the advance in Spotify from its September 2020 low has been taking the shape of the Elliot Wave five-wave impulse sequence, labeled (i)-(ii)-(iii)-(iv)-(v). The sub-waves of wave (iii) is also visible.
The price action follows the guideline of alternation quite well, wave (ii) is a sharp and deep correction and wave (iv) unfolded as a shallow and sideway corrective pattern.
If this count is correct, impulsive price action above $350.33 will signal wave (iv) is complete and
SPOT is heading higher in wave (v) to complete the impulse sequence. Targets above wave (iii) high and $400/share is plausible in the weeks ahead.What's your view on
SPOT? Let me know in the comment.Thanks for reading!
Veejahbee.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.