DELL Elliot Wave Analysis - Wave 1 Complete
- 5 wave move up from 12.93 should now be complete. wave 2 target lies around $48 to $50.
- to short in wave A of wave 2, look for entry at the 0.618 retracement of the latest move down
at around $73.
- Target for end of wave A: $64, then $60
- to short in wave A of wave 2, look for entry at the 0.618 retracement of the latest move down
at around $73.
- Target for end of wave A: $64, then $60
Note
0.618 hit. now to watch for a rejectionNote
price blew past eh 0.618 and made a new high. It seems like the green wave 4 and 5 were never finished. Looking at it now, green wave 5 may finally be near its completionNote
This did not work out... Power of AI
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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.