Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on March 11, 2022 with a closing price of...
I decided to combine block analysis (the Wyckoff distribution method or "smart money" in the people) with Elliot wave analysis and got the following picture.
We are in the plane where wave B is now.
Spring 2020 was Shakeout.
At the moment, Western Digital (probably $STX Seagate) are ready to accelerate significantly (on the background of the rapid growth of...
Seagate Technology plc (STX) provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. The company manufactures and distributes hard disk drives, solid state drives and their related controllers, solid state hybrid drives, and storage subsystems. The company started an explosive move higher on a report...
Good to sell when the price would end the consolidation (yellow ellipse) and drop below the previous low (41.20).
Move stop then lower above the top of projected consolidation.
Target is above the previous low (18.75).
