Primarily, American Water Works is still working on the turquoise wave B, which should top out below the resistance at $164.36. The subsequent sell-off of the turquoise wave C should then complete the overarching wave [B] in green. However, in our 40% likely alternative scenario, the stock would directly surpass the $164.36 level, thus confirming an already established low of the green wave alt.[B]. Still, structurally, renewed rises of wave [C] should follow after the wave [B] low in both of these scenarios.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.