The Long Investor
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$ELV - RC -
🕑 Added 2025-03-12 16:14:37 +0000 UTCA number of requests for this but there are no changes to the chart, for me this is a bounce for Wave B and I would expect a further leg down as shown to complete Wave C once there is a test of the 200 WMA and a rejection.
The impulse wave higher was perfect, so I have no reason to believe that this corrective wave would not complete.
Once Wave C is confirmed you are looking for a hold in between the 0.5 - 0.618 Fib range between $341 - $288.
