Persistent System completed larger degree wave 5 and underwent correction of about 40%. The stock completed the larger correction on 7 Apr 2025 and ever since has been forming a new impulse wave.
The stock completed the new impulse wave on 17June 2025 and has been undergoing correction in the form of a flat structure (3-3-5).
Wave C of the Flat (5-wave structure) had a 5th wave extension (as could be found in the wave markings). I was expecting stock to complete the 5th wave extension at 1.618, however stock took support at 1.414 and has started moving up. Stock is up already over 5% from July 18 lows.
One may consider going long when the stock corrects with a target of 6184.
Happy Trading.
ChartTheWave |
t.me/chartthewave
Welcome to the world of Elliott Wave Principle "EWP". This channel is a forum for practitioners, enthusiasts, and learners. Our aim to build a team of traders who apply EWP - learning, sharing, and profiting together.
t.me/chartthewave
Welcome to the world of Elliott Wave Principle "EWP". This channel is a forum for practitioners, enthusiasts, and learners. Our aim to build a team of traders who apply EWP - learning, sharing, and profiting together.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
ChartTheWave |
t.me/chartthewave
Welcome to the world of Elliott Wave Principle "EWP". This channel is a forum for practitioners, enthusiasts, and learners. Our aim to build a team of traders who apply EWP - learning, sharing, and profiting together.
t.me/chartthewave
Welcome to the world of Elliott Wave Principle "EWP". This channel is a forum for practitioners, enthusiasts, and learners. Our aim to build a team of traders who apply EWP - learning, sharing, and profiting together.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.