Astronics Corporation, listed on NASDAQ under the ticker symbol ATRO, is currently undergoing a wave analysis based on the Elliott Wave Theory, focusing on the hourly timeframe. Starting from November 2023, where the price was approximately $14, we began identifying the initial wave ((i)). The wave count progressed until the high in February 2024, reaching...
Wait for the price to break out of the upsloping support before entering the short position. Target is shown on the chart.
1. Price levels are working great 2. Weaker than the market 3. Globally and locally downtrend 4. price level confirmed by a few touches 5. distant test 6. approaching with regular bars 7. made a big move down 8. historical low 9. potential 10 to 1 10.