Please take a look at 
UAVS
That was by far the most perfect Elliot Wave I've seen ( Yellow Numbers) - All waves corresponded perfectly to the rules, wave 3 is 1.618 of wave 1 just sooo good. and wave 5 is 0.618 of wave 1+3 such a perfect landing...
Now what we observe is a massive correction, which is counted as Elliot wave ( maybe zig-zag?)
There are levels of retracement 0.618 & 0.768 which are typical landing for corrective wave 2.
If the whole structure is 1 & 2 on the daily chart then wave 3 is expected to land at ~30$
Key Stats:
Revenue Change TTM +828.97%
Gross Margin TTM -189.68%
Price/Sales 179.61
Appeared to be overvalued, but does it matter for Innovative Company in 2021???
Comment below
UAVSThat was by far the most perfect Elliot Wave I've seen ( Yellow Numbers) - All waves corresponded perfectly to the rules, wave 3 is 1.618 of wave 1 just sooo good. and wave 5 is 0.618 of wave 1+3 such a perfect landing...
Now what we observe is a massive correction, which is counted as Elliot wave ( maybe zig-zag?)
There are levels of retracement 0.618 & 0.768 which are typical landing for corrective wave 2.
If the whole structure is 1 & 2 on the daily chart then wave 3 is expected to land at ~30$
Key Stats:
Revenue Change TTM +828.97%
Gross Margin TTM -189.68%
Price/Sales 179.61
Appeared to be overvalued, but does it matter for Innovative Company in 2021???
Comment below
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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.
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.