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This is my bullish Elliott Wave count for Aedifica, which I consider the more probable scenario. The corrective structure that began in early February 2020 reached the ideal Fibonacci retracement levels for a sharp correction between 0.5 and 0.618 by October 26, 2023 (not shown in this chart), and has already unfolded over nearly four years. Despite the fact that...

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The price reacted to the 0.236–0.272 Fibonacci level, effectively marking the end of the WXYXZ correction. However, for a Wave 2, this represents a relatively shallow retracement implying that alternative scenarios must remain on the table. This could still be an unfolding flat structure (3-3-5), with Wave A forming as a triple zigzag though this is less likely. A...

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Last Yellow 5th wave (micro degree) to the downside to end correction that started on 18/02/2020. If prices moves beyond the ending point of Yellow wave 4, then this count would be invalidated, suggesting that the bullish count is likely underway. Ps: The bullish count will be posted later.