About to touch LB
Wave 1 (2006 - 2008):
An initial upward impulse wave starting from a low point, indicating the beginning of a bullish trend.
The price moved sharply upward during this period, establishing the first wave.
Wave 2 (2008 - 2009):
A corrective wave that retraced a portion of Wave 1's gains.
The price experienced a significant drop, correcting the initial impulse move.
Wave 3 (2009 - 2017):
Another impulse wave, typically the longest and strongest wave in an Elliott Wave cycle.
The price rose steadily, making higher highs and higher lows, indicating strong bullish momentum.
Wave 4 (2017 - 2020):
A corrective wave following Wave 3.
The price experienced a prolonged correction, consolidating the gains made in the previous impulse wave.
Wave 5 (2020 - 2022):
The final impulse wave in the primary trend, which may or may not exceed the peak of Wave 3.
The price rose again, attempting to reach new highs, but with less strength compared to Wave 3.
Corrective Waves (Post-2022):
After completing the five-wave impulse sequence, the stock appears to have entered a larger corrective phase, possibly an ABC correction.
The price has shown a mix of up and down movements, suggesting the market is correcting the previous long-term uptrend.
An initial upward impulse wave starting from a low point, indicating the beginning of a bullish trend.
The price moved sharply upward during this period, establishing the first wave.
Wave 2 (2008 - 2009):
A corrective wave that retraced a portion of Wave 1's gains.
The price experienced a significant drop, correcting the initial impulse move.
Wave 3 (2009 - 2017):
Another impulse wave, typically the longest and strongest wave in an Elliott Wave cycle.
The price rose steadily, making higher highs and higher lows, indicating strong bullish momentum.
Wave 4 (2017 - 2020):
A corrective wave following Wave 3.
The price experienced a prolonged correction, consolidating the gains made in the previous impulse wave.
Wave 5 (2020 - 2022):
The final impulse wave in the primary trend, which may or may not exceed the peak of Wave 3.
The price rose again, attempting to reach new highs, but with less strength compared to Wave 3.
Corrective Waves (Post-2022):
After completing the five-wave impulse sequence, the stock appears to have entered a larger corrective phase, possibly an ABC correction.
The price has shown a mix of up and down movements, suggesting the market is correcting the previous long-term uptrend.
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