My Take On Chicago Bridge Elliott Wave Movements
Everything looks upward moving for CBI. Although a test came for dropping below the bottom at 12.10 on April 23, the bleeding stopped at 12.12. I believe the stock is currently in:
Grand Supercycle: 1
Supercycle: 5
Cycle: 1
Primary: 3
Intermediate: 1
Minor: 3
Minute: 3
This chart displays my projected path through end of August 2018.
The chart below is the projected movement through May 7.
The chart below is the projected movement thorugh May 21.
I will continue to monitor this movement as I am long with exit plans around August-September 2018. My ultimate target is 31.00 by September. Also expect 24.00 before end of July.
Grand Supercycle: 1
Supercycle: 5
Cycle: 1
Primary: 3
Intermediate: 1
Minor: 3
Minute: 3
This chart displays my projected path through end of August 2018.
The chart below is the projected movement through May 7.
The chart below is the projected movement thorugh May 21.
I will continue to monitor this movement as I am long with exit plans around August-September 2018. My ultimate target is 31.00 by September. Also expect 24.00 before end of July.
All forecasts are based on analysis of past behavior. Prior movements are not always indicative of future movement. Develop the theory, test the theory. Do your own research. Nothing in this analysis constitutes advice. YouTube For More. Good luck!!
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