CELR Undergoing correction

CELR saw huge upward rally of ~81% since its weekly resistance breakout forming Elliot Waves pattern. The recent slow poison death after Impulse wave 5 and Trendline broken were due to the undergoing correction Wave A. We are currently in Correction wave B and a little sideways movement of CELR along the trendline resistance is expected before if will ultimately complete the 50% correction of the recent rally.

The levels are mentioned in the chart.

Trade attivo

Trade chiuso: obiettivo raggiunto:

Cheers :)