In the previous analysis, we observed the formation of an impulsive 1-2-3-4-5 structure of a cycle according to Elliott Wave Theory, which was invalidated by a downside breakout (caused by tariff-related uncertainties).
After a period of consolidation, during which trading was mostly driven by algorithms, it now appears that technical analysis has once again become relevant.
In this study, we examine the targets of an Minor-degree impulsive wave, typically lasting up to 6 months, as well as those of a Intermediate-degree wave, which can span 2–3 years and is considered to have started in November 2024.
These are probabilistic scenarios, and it is important to remember that Elliott Waves were originally developed for analyzing stock market indices.
Personally, I believe Blackberry is the most undervalued tech stock on the market!
After a period of consolidation, during which trading was mostly driven by algorithms, it now appears that technical analysis has once again become relevant.
In this study, we examine the targets of an Minor-degree impulsive wave, typically lasting up to 6 months, as well as those of a Intermediate-degree wave, which can span 2–3 years and is considered to have started in November 2024.
These are probabilistic scenarios, and it is important to remember that Elliott Waves were originally developed for analyzing stock market indices.
Personally, I believe Blackberry is the most undervalued tech stock on the market!
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.
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.