Possible ABC correction scenario - moving on technicals
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It appears that this name is now moving based on technicals - I have outlined a possible impulse ABC correction scenario as we've seemed to have recently finished wave 5 of the Elliott Impulse. Fib retracement supports have been plotted to show possible retracement support levels.
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Wave A pullback almost complete - on watch for possible rebound wave B
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Correction impulse wave A may be complete:
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May reached the end of Wave B correction - could see a downward movement to complete Wave C down to the $71 area.
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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.