Blue Star Correction Wave Analysis - Long Term and Short Term

21 авг. 2022 г.

Long-Term View: Based on the current chart (20 Aug 2022), the stock is in the Major #3 wave. Corona's low was Major #2. Within Major #3, Minor 1 completed, and Minor 2 correction (WXY) is going on. So far, it has not retraced 50% with W correction. Expected is to get 61.8% correction (Target 721) once it completes Y. Entry at 721 will be an excellent entry to ride Minor 3 wave (Target is 13000 - 13x from here)

Short-Term View: Currently, X correction (ABC) is happening. With-in ABC, AB is completed, and C is happening. Since ABC is a Zig-Zig correction, C is expected to complete impulse 5 waves. The target is 1180.