SQ, Upgoing wave 5 to come soon !SQ is going to make a trend reversal soon and start upgoing wave 5 to complete an Elliott wave cycle.
Details of wave 4 (ABC correction) analysis and support zones is provided in another published idea. Check out the related link if you are interested.
First target zone is shown in the chart. This zone has formed by typical Fibonnaci levels. Of course it may need updates later but for now it provides us a general view of the stock.
Please take into consideration that proposed Elliot Wave count is ascending Elliot cycle. We have different Elliott wave cycle for example ascending anticycle. It is wise to keep in mind that there are always alternative scenarios.
Wish you huge profits.
