AUVI has gone up with an almost 500% gain, something amazing.
Taking a look to the chart, we can see that in a bullish trend, the first, second, third, fourth, and fifth Elliot waves have already been produced. So now we can expect to see prices fluctuating between the trading channel.
When it comes to Wyckoff point of view, we already had a upward trend, so now we are waiting to complete the accumulation or distribution channel.
Prices will go down to the support line, or even further depending on the volume; but if it happens to be an upwards trend with low volume, it surely won't last long.
Some great places with great benefits in retrospective would have been the first, second or even the third pullback.
Have a great day!!
Taking a look to the chart, we can see that in a bullish trend, the first, second, third, fourth, and fifth Elliot waves have already been produced. So now we can expect to see prices fluctuating between the trading channel.
When it comes to Wyckoff point of view, we already had a upward trend, so now we are waiting to complete the accumulation or distribution channel.
Prices will go down to the support line, or even further depending on the volume; but if it happens to be an upwards trend with low volume, it surely won't last long.
Some great places with great benefits in retrospective would have been the first, second or even the third pullback.
Have a great day!!