As mentioned in previous posts, it looks like we're soon headed to $41 before seeing some pull back to $35. Afterwards, we head to $52. There's likely to be strong pull back upon nearing the ATH. Will reevaluate direction from there.
This is based on the two superimposed major and minor elliott waves (blue and purple lines) that seem to be forming. I'm waiting for possible uptrend from a breakout of ~$35.50 and looking to take profits at the $41 target for about 15% profit. Will update as we progress
** Comments and critiques always welcome. I would especially appreciate conflicting analysis ideas.
This is based on the two superimposed major and minor elliott waves (blue and purple lines) that seem to be forming. I'm waiting for possible uptrend from a breakout of ~$35.50 and looking to take profits at the $41 target for about 15% profit. Will update as we progress
** Comments and critiques always welcome. I would especially appreciate conflicting analysis ideas.
Comment:
$34.80 ... Almost there, keeping an eye out. The we have to break through one hour ichimoku cloud which is at $35.50.
Comment:
We didnt break the ichimoku cloud and started to see some further decent. Could be headed to $26.50-$28.50