ATOM (Weekly) / Elliott Wave & Algo Technical Analysis

ATOM followed our red line and hit the lower green box confluent with the 50% and 61.8% weekly algo longs. All that was designed five trimesters ago. Notice the nice algo defence on the weekly TF (white arrows at the 50% and 38.2% retracements). EW speaking, we possibly ended a flat as expected. What is very interesting in ATOM is the potential inverted head & shoulders pattern. $71.5 remains the algo target (green line) as long as the weekly GZ long holds (~3.75)!

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Elliott wave & Fibonacci labelling:
Common path in white, bullish count in green, bearish count in red.