Further to my last chart on EasyJet the share price ran up nicely in what is perhaps 5 waves. Now it has bounced at exactly the 50% retracement of the move. I will be looking for a sustained move up to see if my forecast of a potential 3rd wave, is correct.
Note
Needs to kick on from here or will start considering alternative counts.....Note
As ever with EW there are numerous ways that this chart could be labelled but at the moment this is my preferred count which suggests that wave 1 of 5 has now completed and wave 2 is in progress.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.