NVAX Wyckoff Accumulation events + Elliott waves
NVAX My memorial day homework 😁Wyckoff Accumulation events + Elliott waves
I have attached my two main theories that are happening together and we are approaching the end of it soon.
For wyckoff, I am expecting a big shakeout to follow. We haven't seen yet a day that has the qualities of a spring. We have only experienced some rallies that turned back quickly to the support/supply area, which imo is a test. We need to see massive selling volume and accumulation.
That is coming together with the Elliott waves count. I have an alteration of the count, but does not change anything in the final outcome. I just wanted to show the similarities with the ending diagonal. A wave C or wave 5 call it as you like, is supposed to come. Maybe this will mark the final shakeout and the end of correction.
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