Have observed a complete Elliott wave bull cycle (1-2-3-4-5)
Stock is ready for bear cycle (A-B-C) from the current levels.
Target 436 on the short side
Time frame for reaching target - Minimum 4 candles max 12 candles (60 to 180 minutes)
If the stock doesn't open gap down - then the opportunity is huge.
This is my first Elliott wave analysis - kindly do not trade on my recommendations as this is only for educational purposes
Stock is ready for bear cycle (A-B-C) from the current levels.
Target 436 on the short side
Time frame for reaching target - Minimum 4 candles max 12 candles (60 to 180 minutes)
If the stock doesn't open gap down - then the opportunity is huge.
This is my first Elliott wave analysis - kindly do not trade on my recommendations as this is only for educational purposes
Trade closed: target reached:
Great 25 points movement based on Elliott wave :)