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thekidtrader11
Jan 28, 2024 5:32 PM

$W ELLIOT WAVE ANALYSIS  Long

Wayfair Inc.NYSE

Description

This analysis reflects my perspective on NYSE:W through the lens of Elliott Wave theory. I acknowledge the potential for error and welcome any feedback or alternative viewpoints.

Based on my analysis, it appears that NYSE:W has completed its corrective phase and is now poised for a robust bullish trajectory, forming a leading diagonal pattern. Both wave 4 and its sub wave B seem to have concluded, leaving only sub wave C and wave 5 remaining for completion. I anticipate wave 5 reaching approximately the 0.764 extension before undergoing a corrective phase in line with wave 3.
Comments
Chartguru1
Beautiful chart. Kudos
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