I didn't take a look at Pfizer for quite a while, but just recently going through the list of my favourite stocks I noticed it from the first glance. Something is going to happen...
This declining volume, overlapping of price and a bit of a volume spike on 11th August, all seems to be in line.
The 3rd wave formed in December 2021 and we had a correction for...
By analogy with BTC, Ethereum is also forming a flat as an ABC (subminuette degree), but unlike BTC it possibly is going to produce an expanding ending diagonal as a wave C.
Elliott Wave principle says that ending diagonal has 5 major waves each of which has to be a corrective ABC as sub waves.
On the chart you can see that 3 waves (micro degree) are already...
By analogy with Ethereum, Bitcoin is also forming a flat as an ABC (subminuette degree), with an expanding ending diagonal as a wave C.
Elliott Wave principle says that ending diagonal has 5 major waves each of which has to be a corrective ABC as sub waves.
On the chart you can see that 3 waves (micro degree) are already formed, and we are in a 4th wave now.
So...
An ending diagonal should have 5 waves each of which should consist of an ABC or triple wave. We can see a triple in wave 1, we can see now a triple in a wave 3. So now we are in a wave 4 with supporting zone 22.3k-23k we we can go long, and a wave 5 should bring us to 26k approximately. The timeline of this process and price action of course can differ from the reality.
