ACN - Weekly Elliot Wave Analysis Long

Accenture plcNYSE

Description

⋅ Jun 15, 2021 7:48 AM

As on 15-06-2021

Wave 0 = 137.15
Wave 1 = 247.82
Wave 2 = 210.42

Wave 3 possibility = (1.618 * ( Wave 1 - Wave 0 ) + Wave 2)

= 389.5 levels

Wave 4 Max retracement of 0.5 = 300.5

Similarly Wave 5 possibility = (0.618 * ( Wave 3 - Wave 2 ) + Wave 4 )

=411.5 Levels

Wave Analysis

Comments

tra_dee

⋅ May 30, 2023 4:42 AM

What are your present thoughts regarding the Accenture stock?

RiderTrader

⋅ May 30, 2023 11:49 AM

@tra_dee, Retraced 40% from high.
Formed Double bottom with falling wedge.
I prefer double bottom with second bottom lower than first bottom.
Now breaking out.
There is oscillator divergence.
And Elliott 5.35 is green.
So i will buy above high.
For a target 350-370 levels, SL 274 levels. Thank you for the name.

rp227

⋅ Jul 27, 2021 10:54 PM

looking good !