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warrenbudget
May 24, 2021 9:09 PM

PFE FINAL LEG UP Long

Pfizer, Inc.NYSE

Description

May see a deeper corrective wave of B of 5 before continuing up.
Targeting about $37 as the 1:1 of the ABC of B and good level by vpvr.
Then - Looking for a continuation of the 3-3-3-3-3 pattern for an expanding diagonal.
Looking for at least $46 price target for w5>w3

Comment

This move is still active with a price target of 36.50.

See my comment below

Comment

Short was closed today for breakeven. Precarious price action on PFE and major indices. Rather just wait for a long entry.
Comments
Aeron_C
Elliot Wave correct?
warrenbudget
@Aeron_C, yes this is Eliot wave analysis. I try to not get lost in the weeds or overweight the ew rules. You see me applying basic principles along with standard price level (volume profile) and trendline analysis to stay on track.
arielle731
Another great call of yours, please share more !
warrenbudget
@arielle731, thank you. Just provided updated guidance.
arielle731
@warrenbudget really appreciate that, thank you!
williamdas
nice work man. checked back to this post a few times, your count confused me but the direction was on point
warrenbudget
This move is still active.
We are heading into wave 3 of C

Note the RSI capped at 70? That's confirmation of a corrective wave in progress. We do not get overbought in corrections.

Target 36.50 for a 1.272 ABC ext
2.272 ext of wave 1 TO 2 of C
TL confluence

M_Asim_Qamar
lets hope and see
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