This is my updated setup. Waveforecast based on fib retracement, extension, time-based,EWO
As title suggests this is the longterm elliotwave on CGC to take us to $1300 per share by ~2028. We are currently commencing the wave 3 of the 3 of 3 of 3 of the long term Grand Super Cycle wave 1. We can expect the most impulsive move in the history of CGC, weedstocks, and therefore the World over the next few weeks.
AS the title suggests, we have completed wave 2 of greater wave 3. Expect immediate upside, major impulsive move incoming as wave 3 commences. This correction was 3rd degree (in orange) complex WXY with 2 5 wave moves enclosing another complex WXY (yellow) flat, which itself is another 2, 5 wave moves enclosing another complex WXY (green) flat which itself is...
as the title suggests. we have entered wave 5 of an inside wave 3 which is a third of a third of a third. continuing upwards over the next few months as we unwind wave 4's of concentric degrees.
When in doubt, zoom out. I changed the chart to the 1W view and started wondering... What if we just completed Elliott Wave 2? Elliot wave 3 is the largest of the 5 waves so we could be in for a wild ride. $1,000 EOY is an awesome meme (I wouldn't be mad if it happened) but it appears that $10-$11 EOY is definitely in play. This would put the price somewhere...
Momentum improving. After extended wave 1 and corrective wave 2.. It appears as if wave 3 has already begun, a couple of buy points seems sound, if 141.8 - 142.0 is broken and daily closes above, buy. Or buy at the support level 140.0 or on the 200 MA retest , the choice depends on your risk appetite and if the market is generous enough to allow us to buy at...
My preferred count shows that copper saw an important low in mid-January at 1.9355 and a strong rally higher towards 2.6410 now should be expected. From the 1.9355 low a nice five wave rally was seen to 2.3235 as wave (i) and wave (ii) was clearly a three wave zig-zag correction that completed at 2.0130. Wave (iii) started to move higher from 2.0130 in a pretty...
Let's see that's happen if that worth for trading keep look and 1.049 price never low then 1.048