Using Elliot Wave theory, an expanding triangle seems to be in play marking the beginning of the downtrend. This will likely be a double or triple combo correction. Targeting 4600.
Using Elliot Wave theory, we’re able to see that VERA has been in wave 3 since November of 2023. This move became overdone in the last month when VERA blew past all analyst estimates (average price target in the high 20s). VERA seems to be following XBI lower in a short term correction that started at the end of Feb. More context on the theory behind the downtrend...
