mike_volk

mike_volk

It’s my humble assumption with limited computing. Per Elliott wave pattern, NVAX may be in a supercycle wave III AND at the beginning of NEW primary/ intermediate wave 3. Looking at intermediate waves, the first 1-5& A-C have been built by a common script (purple waves) and I extended it to a new set of waves 1-5 (in blue). The new intermediate wave 1 L=149 (local...

mike_volk

Since 52 week high in May, SCCO is in a downtrend and it's nearing a breakout of upper trendline in falling wedge pattern. Local lows and local highs trendlines have been converging on relatively declining volume. If it closes weekly above 61.6 (now it's hovering just over 61), a bullish reversal of the existing downtrend and return to to a previous uptrend is...

mike_volk

This is my first attempt to follow Elliott wave pattern. After wave A B C correction, seems we are now at the beginning of new wave 3, which should be the longest one with 1.6 fibo retracement of wave 1. Previous waves 1 to 5: W2 did not retrace more than W1, W3 was the longest, W4 didn't go beyond W3. New waves 1 to 5: W2 didn't retrace more than low of W1 so...