SCI - Daily Elliot Wave Analysis

SCI - Daily
Elliot Wave Analysis

Wave : [0 - 1] = 31.45 - 64.75
= 33.3

[1 - 2] = 64.75 - 50.05

[2 - 3] = 50.05 - 104.30
= (33.3 * 1.618) + 50.05 = 104.3

Wave 4 Possibility = 91.4 **
Wave 5 Possibility = 100 - 104 lvls **

(**) refer notes

Elliot Wave Analysis Notes (**)

There is a likely possibility of wave 5 truncating (Wave 3 = Wave 5) as wave 3 was severe in momentum .

Likely wave 4 is to retrace back to 91.4 for a target of 100 - 104 lvls