Long
Are we in Wave 4 for $MGI?
Hello!
I'm new to Elliot Wave Theory. Wondering what you guys think about MGI. Thoughts?
Target Price
#1 Price $1.15
#2 Price $4.05
Length of Wave 1 $2.90
0.382 $2.94
0.500 $2.60 --> target
0.618 $2.26
#3 Price $2.63 --> actual
1.618 $7.32
2.618 $10.22 --> target
3.434 $12.59
# 4 Price $11.70 --> actual
0.236 $9.56
0.382 $8.24
0.500 $7.17 --> target* - I bought some shares at this price. I believe it could go as low as $6.45.
# 5 Price $7.17 --? Assuming we end up around here, the following are my targets for Wave 5.
0.618 $8.96
1 $11.86
1.618 $16.55 * I'm aiming for this one...
2.62 $24.15
I'm new to Elliot Wave Theory. Wondering what you guys think about MGI. Thoughts?
Target Price
#1 Price $1.15
#2 Price $4.05
Length of Wave 1 $2.90
0.382 $2.94
0.500 $2.60 --> target
0.618 $2.26
#3 Price $2.63 --> actual
1.618 $7.32
2.618 $10.22 --> target
3.434 $12.59
# 4 Price $11.70 --> actual
0.236 $9.56
0.382 $8.24
0.500 $7.17 --> target* - I bought some shares at this price. I believe it could go as low as $6.45.
# 5 Price $7.17 --? Assuming we end up around here, the following are my targets for Wave 5.
0.618 $8.96
1 $11.86
1.618 $16.55 * I'm aiming for this one...
2.62 $24.15
Trade closed: target reached
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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.
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.