CORZ / 4hThere is no change in the prior NASDAQ:CORZ 's analysis in this frame. The wave structure of the 34% rising tide suggests that the countertrend rally of Minor degree wave A is underway.
The price might reach the origin of the diagonal wave ((v)) >> 9.45. In which case, it will confirm continuing the advance towards the expected targets >> 10.75 >> 12.24
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CORZ trade ideas
CORZ / 4hThe wave structure of NASDAQ:CORZ 's advance >> 45% suggests that the countertrend rally of Minor degree wave A is underway.
The price might initially reach the origin of the diagonal wave ((v)) >> 9.45. In this case, the rising tide since mid-April will be thoroughly revealed in a five-wave impulse and highly confirmed, continuing the rise towards the anticipated Fib-targets >> 10.75 >> 12.24.
And so it would be a total 97% gain of a countertrend rally!
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CORZ / 4hThere is no change in the prior NASDAQ:CORZ 's analysis in this frame. The wave structure of the 34% advance would suggest that the countertrend rally of Minor degree wave A should be underway.
The price might reach the origin of the diagonal wave ((v)) >> 9.45. In which case, the rising tide since mid-April will be revealed in a thorough five-wave impulsive sequence and highly confirmed, continuing the advance towards the anticipated Fib-targets >> 10.75 >> 12.24.
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CORZ / 4h#CoreScientific closed the week with a 31% rising tide. So, the wave structure of impulsive advance quite well suggests adjusting a differing analysis on the prior wave C, in which its wave ((v)) diagonally could have ended last week, so the trend in Minor-degree should have turned upward.
>> Technically, continuing to advance towards the origin of the ending diagonal wave ((v)) will highly confirm the trend change( in Minor degree ).
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CORZ / 4h#CoreScientific has developed an ABC correction in zigzag as wave (W), which started in late November with an expanding diagonal as wave A and a running flat in wave B. Now, the decline in its wave C seems to be ending diagonally quite as well.
As illustrated on this NASDAQ:CORZ 4h frame, an expected Minute-degree 5th wave will conclude the diagonal wave C in the coming few days.
>> A final decline of 23% would likely lie ahead.
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$CORZ / 2hThe strong rally by 34% in NASDAQ:CORZ indicates turning the trend to the upward, as anticipated on Friday last week. And it's expected now, in retracement of 61.8% in an expanded flat correction as Minor degree wave B the countertrend rally in its wave ((c)) will continue to rising towards 14.88!
Expanded Flat >> Quiet often, wave C ends more substantially beyond the ending level of
wave A, as illustrated well on this case.
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$CORZ / HourlyThe sharp selloff in NASDAQ:CORZ today, as the anticipated decline in an impulsive wave (c) should be likely an ending of entire correction in wave b(circled).
And also the wave structure of one larger degree trend implies to turning to uptrend that might be starting as early as next week.
Fib expansion targets >> 14.88 >> 16.42
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$CORZ / HourlyThe retracing up as Minor degree wave B could be considered in a formation, as shown on this hourly frame.
Today, continuing to decline in NASDAQ:CORZ , would suggest the wave b(circled) to morph into a zigzag correction instead the triangle pattern that be failed now. So the Minute degree wave b(circled) in a zigzag remains in its late stage, and the entire wave structure implies to closing the week with one more decline. The expected target might be around 11.34.
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$CORZ / HourlyThere is no change in the NASDAQ:CORZ 's trend & pattern analysis. As shown in the hourly frame, the triangle's wave d achieved the Fibo 0.618 expansion target at 12.78 then exceeded as well anticipated and today wave e have been searching for its extreme low surrounding the Fibo 0.618 expansion level as well. (target >> 12.04)
>>> As an alternate pattern in wave e, that might be unfolded itself in a triangle. So that the entire pattern protracts into 9 waves triangle as well. And so the possible extending correction in wave ((b)) would be likely taken more time to the next week.
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$CORZ / 3hA retracement of 61.8% to 78.6% in an a-Triangle b-c formation is in progress as Minor degree wave B. And Its Minute degree wave ((b)) seems to be expanding well in a triangle pattern in sideways.
Next week >> the triangle's wave d would achieve the Fib 0.618 expansion target at 12.78 (might be exceed it), then will be followed by a decline(.618 wave c) in wave e.
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$CORZ / 3hUnfolding the contracting waves in sideways would well suggest the wave ((a)) in an initial impulsive wave of retracing up in wave B could have ended at 13.11.
So the correction in triangle wave ((b)) would be likely in progress over the next week.
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$CORZ / 3hA retracement of 61.8% to 78.6% in a zigzag correction as wave B would be still in progress over the few weeks ahead.
>> Fib targets marked on the chart.
The Minute degree wave ((a)) seems could be over, and correction in the same degree wave((b)) in a flat or triangle pattern is likely in progress. If it would be a flat formation, a decline of 5% is expected this week.
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$CORZ / 1hNASDAQ:CORZ declined in its fifth wave today, as expected on the ElliottChart's frames!
So 10.51 should be well as an extreme point of the entire leading diagonal pattern as Minor degree wave A which would be followed by retracement of 50% or 61.8% in a corrective pattern as the same degree wave B (that I'd like to depict it on the next frame).
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$CORZ / 3hNASDAQ:CORZ
The flat correction in wave ((iv)) is almost done. Its target could be just exceeding 15.48 level.
After that decline of wave ((v)) is well expected to completely taking shape the diagonal pattern as wave A.
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