Carnival starting Elliot Wave 3 + bouncing off key Fib level
Today's close green indicates to me that we're starting a strong Elliot wave 3. Current price is still well below June lows, so I think there is potential for some significant upside. I'd say at least $28-$29 in the near term. I would expect a wave 5 to surpass the June highs of ~$31.5.
The bottom of the wave 2 also bounced off key .68 Fibonacci retracement levels, just further reinforcing my belief that this is going upwards in the near future. Volume has also been phenomenal and very bullish the last few weeks.
This is all for my own edification and I'd welcome thoughts or comments. Not financial advice.
The bottom of the wave 2 also bounced off key .68 Fibonacci retracement levels, just further reinforcing my belief that this is going upwards in the near future. Volume has also been phenomenal and very bullish the last few weeks.
This is all for my own edification and I'd welcome thoughts or comments. Not financial advice.
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.