Right now, we are in a pennant consolidation, and I expect the stock to break out with good stimulus news. This will occur in a standard 12345 elliott impulse wave, and then we will have a huge ABC correction because GNW's real fair value is around $0.69. Thus, we have our ABC correction, in which the C wave subdivides into an elliott 5 move impulse wave.
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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.