US Stocks Elliott Wave Technical Analysis Blog!
US Stocks Elliott Wave Theory in Action

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May 2023
Elliott Wave charts by Alessio Barretta 4 Hour - It looks like we are in wave (iii) of {c} as we have extended lower. Looking for a pullback into wave (iv) to then look for additional shorts. Ideally wave (iv) finds resistance near the wave four of one lesser degree, therefore wave iv. Daily - Looking for further downside into wave {c} as we are looking at a larger correction in Minor wave B to be near completion.
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Elliott Wave charts by Alessio Barretta 4 Hour - We can identify a three wave move into wave {i}. It looks like we are in some sort of a triangle or sideways movement into wave (iv) and we should be resuming higher. Daily - Looking for upside resumption into wave 3 as we seem to have completed a three wave move into wave 2.
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Elliott Wave charts by Alessio Barretta 4 Hour - Lookin og fur more upside room left as we could reach anywhere between equality and 1.618 of C vs. A, potentially around 500$. Daily - Moving higher as we forecasted in the previous post. Looking for further upside into wave C as we are expecting an ending diagonal into primary wave 5.
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Elliott Wave charts by Alessio Barretta 4 Hour - Looking for upside to start escalate as we move higher into wave (iv). Looking for wave (iv)to reach either 23.6% or 38.2% of the advance in wave (iii) as we also as larger volume around those areas. Daily - The stock has been moving as forecasted for several weeks. At this point it looks like we are looking at a larger retracement to start taking place.
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