New update for Novavax (elliot waves)
I have altered my count a bit in order to find the best possible valid count. (The big picture remains the same although.) The count I see, that could explain in a simple way what is going on is the following.
We haven't finished the wave 5 from the collapse of December. But we are still on the extended wave 5. On this count 38 is the bottom and if we pass it the count will be invalid. I expect a bounce from low 40s to 50s-60s and then a retest of the lows and a finish of primary wave 5.
We haven't finished the wave 5 from the collapse of December. But we are still on the extended wave 5. On this count 38 is the bottom and if we pass it the count will be invalid. I expect a bounce from low 40s to 50s-60s and then a retest of the lows and a finish of primary wave 5.