Primary Scenario
The stock appears to be in a larger downward move, which is expected to continue into our blue Long-Term Entry Range ($105.30–$80.73).
Alternative Scenario
A delay in the correction would occur if the price soon rises above resistance at $206. In that case, the stock could move up into our red Alternative Target Zone ($225.63–$273.53) before the downward move resumes (probability: 25%).
📊 Daily market insights combining macro + Elliott Wave analysis
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🚀 Spot trends early with momentum, sentiment & price structure
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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.
📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
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.