COMP Correction

Comp is currently in a correction after a massive run. Based on the elliot wave theory, we’re in an ABC correction looking to retest the support zone. It was clear that COMP’s momentum was slowing down after Wave 3 and 5 struggled to break resistance. I expect a bounce after Wave A, but ultimately I see COMP completing Wave C to my labeled target.

This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.