Elliot Wave Analysis of AAZ - Weekly Candles. £3.50 target price
Have used the Weekly Candles here due to the timeframe involved.
A clear 1,2,3,4,5 Impulse advance (that meets all the EW Rules) for Wave I
Corrective Wave II consists of an a,b,c Zig-Zag decline, that was halted at (4) of the previous wave (also meets all the EW Rules)
Wave III should now develop and, assuming 1.618*Wave I, that gives a target price of circa £3.50
A clear 1,2,3,4,5 Impulse advance (that meets all the EW Rules) for Wave I
Corrective Wave II consists of an a,b,c Zig-Zag decline, that was halted at (4) of the previous wave (also meets all the EW Rules)
Wave III should now develop and, assuming 1.618*Wave I, that gives a target price of circa £3.50
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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.