Short
SRAT ELLIOT ANALYSIS
After the New Years breakout STRAT is following a 5 wave pattern, nearing the completion of the 4th wave. There is still upside potential before a considerable retracement could be expected.
Note
There is an alternate possibility of the 5 wave pattern being completed already, with the breakout being wave 1. The correction will continue if so but past the bottom trend line support.Note
The alternate pathway has taken place. Bull signs are building up for another run.
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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.