FAZE3Q LONGThe Elliott Wave analysis shows that the stock has completed waves (i), (ii), (iii), (iv), and (v), as represented by blue numbers on the daily chart.
Stock is in correction now.
Wave correction will go in waves (a), (b), and (c) in blue color on the chart.
Wave (a) is completed, and wave (b) is in progress.
Wave (b) will go in three sub-waves (a, b, and c in red color).
Wave a and b is completed and wave c is in progress.
wave c will unfold in five sub-waves (black circle) shown in the chart above.
Wave 1, 2, 3, and 4 in a black circle is finished, and wave 5 will start.
Wave levels are shown on the chart.
Level of Invalidation
Wave (a) has been identified as the invalidation level, which is 366.05. Because According to the wave rules, Wave (b) cannot cross the pricing territory of Wave (a). If the price falls below this level, it may signal that the projected Elliott Wave pattern is not what it appears.
I am not a registered Sebi analyst. My research is strictly for scholarly interests.
Before you trade or invest, please consult with your financial advisor. I am not responsible for your earnings or losses.
Regards,
Dr Vineet
