We predicted completion of final wave up nicely! Whats next?

We Predicted a final bull run wave 5 to complete a large cycle wave degree initiated at 8.06 USD on 10th jun 2021 !

SQ, Upgoing wave 5 to come soon !


After hitting our first resistance zone , this large cycle wave completed and strong decline started. So far, Stock has corrected slightly more than 50 % of its whole bull run an is reaching to 115.49 corresponding to 0.618 golden ratio !. Current around 50 % correction can also be acceptable but is not so common for a large degree wave 2. A sharp ABC form of correction can also be recognized with wave B at 270.16 therefore, 115.49 can be the turning point to start a larger long term degree wave 3 which will push the price to above 500 !!.

Please note that correction down to 68.25 USD corresponding to 0.786 retracement is also possible and is of course possible for this type of large cycle wave 2.

We certainly keep watching on the stock and follow it's path to make our huge profit in next long term bull run.

Good luck my friends.
Elliott WaveFibonaccipredictionSQSupport and Resistancetarget

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