SU Elliott Wave analysis 10/13/20

Nov 13, 2020

Wave 1 had an impulse of 14.85%, wave 3 being the longest, wave 5 should have an equal 14.85% impulse once wave 4 completes.

Nov 16, 2020

Note

target for wave 5 (1) is 15.55
also title should read 11/13/20

Nov 19, 2020

Trade closed: target reached

My target was 15.55, it reached 15.89. Wave (1) completed, expecting retracement to at least the 50% 13.03 but I think it will sit at the 61.8% 13.65 to complete Wave (2) I expect the hour RSI to go below or around 40 to confirm and get back in trade.