Berkshire Hathaway - looking for a topI did a chart a while back on this calling a top and it blasted higher so you'd think I'd learn but this chart suggests that 5 waves may be very near to completion and so a decent correction could be expected. I like the way that over and over again the same fib numbers come into play as they do here and the pitchfork has acted as a barrier on a number of occasion. I actually think there may be one more very small leg up but the fib numbers fitted nicely for this analysis.
BRKB trade ideas
Berkshire part 2So looking at Elliot Wave looks like we are near the top of 5 or probably at the top of 5 and since are entering the 4th quarter of the year It may be that we start seeing corrections to this long ride up. Assuming our wave count is correct we could see a drop down to $120 per sure of possible over by the end of the correction.
BERKSHIRE HATHAWAY INC. Share correction...BERKSHIRE HATHAWAY INC. Share correction. According to our strategy, BRK.A shares are in place before correction. The size of the correction can be around -15%. If our assumption is correct, the exchange rate will drop close to 229722. From there, it will rise again.
Berkshire Hathaway -B to 200$The price formation, ratios are text book impulsive in BRK-B and I believe there are many chances wave 4 is complete and we have started a wave 5 move that will eventually bring price towards 200$. First target is 196$. Wave 3 is 161.8% of wave 1, wave 4 retraced wave 3 by 38%, wave 5 is expected to move close or higher from the 61.8% wave 1 to 3 distance. The entire upward move from 2016 lows looks incomplete and a new high is needed to complete the sequence.
Berkshire reversal (class B)Trading using a mean reversion system requires several levels of confirmation to reduce risk and increase likelihood of making a profitable trade. Trading the initial signal is rarely successful. Trading the second signal guarantees entry before primary trend. Momentum indicates a bullish pattern is on its way. Let's see how this works out.
BRK.B - reflects the true economyI am not a fan of EW counts, however it seems that price is going to make the 5th up wave ^_^
Base on channel projection, somewhere around March 2017 - April 2018, topping could happen
Disclaimer: This is solely for educational purpose only, not an advice to solicit you to trade