Avantis (AVNT) Sets Wave 3 Target at $3.80

Advantis has been following a clear Elliott Wave cycle. After completing a five-wave sequence and an ABC correction, another impulsive move pushed price into the 0.618 Fibonacci extension zone. This level marked the blow-off top of the move, indicating a corrective pullback was due.

Key Technical Points

- Elliott Wave Cycle: Multiple sequences confirmed with impulsive rallies and ABC corrections.
- 0.618 Extension: Marked blow-off top in the last leg.
- Wave 3 Target: $3.80 projected after Wave 2 correction.

Price has now entered what appears to be a Wave 2 corrective move within a larger bullish cycle. A retracement to the 0.618 Fibonacci level could establish the foundation for another rally. If this higher low forms successfully, the next wave up is projected to be a strong Wave 3, with a target of around $3.80.

The importance of the 0.618 retracement cannot be overstated, as it provides the technical alignment for liquidity collection and structure building. Once buyers reclaim momentum, the bullish projection remains dominant.

What to Expect

Advantis is likely preparing for a major continuation wave. If support holds and a bottoming structure forms, Wave 3 expansion toward $3.80 is the logical next target.