Long
Are we in Wave 4 for $MGI?
Hello!
I'm new to Elliot Wave Theory. Wondering what you guys think about MGI. Thoughts?
Target Price
#1 Price $1.15
#2 Price $4.05
Length of Wave 1 $2.90
0.382 $2.94
0.500 $2.60 --> target
0.618 $2.26
#3 Price $2.63 --> actual
1.618 $7.32
2.618 $10.22 --> target
3.434 $12.59
# 4 Price $11.70 --> actual
0.236 $9.56
0.382 $8.24
0.500 $7.17 --> target* - I bought some shares at this price. I believe it could go as low as $6.45.
# 5 Price $7.17 --? Assuming we end up around here, the following are my targets for Wave 5.
0.618 $8.96
1 $11.86
1.618 $16.55 * I'm aiming for this one...
2.62 $24.15
I'm new to Elliot Wave Theory. Wondering what you guys think about MGI. Thoughts?
Target Price
#1 Price $1.15
#2 Price $4.05
Length of Wave 1 $2.90
0.382 $2.94
0.500 $2.60 --> target
0.618 $2.26
#3 Price $2.63 --> actual
1.618 $7.32
2.618 $10.22 --> target
3.434 $12.59
# 4 Price $11.70 --> actual
0.236 $9.56
0.382 $8.24
0.500 $7.17 --> target* - I bought some shares at this price. I believe it could go as low as $6.45.
# 5 Price $7.17 --? Assuming we end up around here, the following are my targets for Wave 5.
0.618 $8.96
1 $11.86
1.618 $16.55 * I'm aiming for this one...
2.62 $24.15
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