A correction is still in progress. Should resolve after the earnings.
A regular flat correction ongoing, with an expanded ending diagonal as wave C. Possible target: $60.
Log scale. Still looks bullish overall. The recent spike in volume may confirm bullishness.
I wasn't fully satisfied with the wave counts I've seen, so I post here my own interpretation.
Wave 3 of (3) is still going and once the correction ends (wave 4 may not be completed yet), wave 5 needs to be completed.
23hr chart. Short term bullish , but the first 2-3 quarters of 2023 may be bearish. (Note there is a small intraday truncation of the green wave (v), but it seems justified by the confirmed bearish retracement and it doesn't appear on daily chart . Image ref: priceactionhelp.com
A difficult chart to label. On an linear scale it looks like an expanding ending diagonal, BUT on a logarithmic scale it looks like a contracting ending diagonal. I chose the latter, even though it, in theory, violates the rule (the first wave is shorter than wave 3). Still, the rule is not violated on the linear scale. It's also possible the move is an impulse...
I believe it's a zigzag correction (it may also be a start of an impulse wave, but then the "3" wave seems weaker than the initial move downwards, so I stick with the zigzag). Also, I think the orthodox end of the final bullish impulse pattern was on Feb 10 (a truncation of the final impulse wave).
Still in a downtrend forming a triangle. An extremely rare flat pattern with an expanded triangle as wave B. Also, a very rare expanding ending diagonal in wave (3).
In the medium term, there is more room to advance higher.
I believe we are in an expanded diagonal and could still have a couple of bullish years. It's possible (an alternative scenario) we could soon start the wave 5 of the diagonal, but I think that would be too short considering wave 1 and the proportions. Note that wave 5 isn't going to reach the 1-3 trend line so that wave 3 isn't the shortest.
Weekly Elliott Wave analysis. The price still seems to be in a 4th wave triangle.