Manchester United's share price looks like it is coming to the end of a 2 year contracting triangle.
Price looks like it is in the process of making wave E
1) Look for a 3 wave move into the turquoise area (but not lower than $14.86 wave C) to complete wave E of the triangle
16.61 is 38.2% of wave 3
15.38 is 61.8% if wave B
2) When this is done I would expect price to rise in a thrust to in excess of $20. This will be confirmed when price breaks $18.64 (Wave D)
This count is invalid on a break of $14.86 Wave C.
I will post further updates as the price action unfolds.
Price looks like it is in the process of making wave E
1) Look for a 3 wave move into the turquoise area (but not lower than $14.86 wave C) to complete wave E of the triangle
16.61 is 38.2% of wave 3
15.38 is 61.8% if wave B
2) When this is done I would expect price to rise in a thrust to in excess of $20. This will be confirmed when price breaks $18.64 (Wave D)
This count is invalid on a break of $14.86 Wave C.
I will post further updates as the price action unfolds.