This is the main idea for SBLK. I’m confident we’re in the early stages of a major impulsive move to the upside. Taking both financial and Elliott Wave perspectives into account, this scenario fits the overall context the best. I expect the price to break above the 2022 high in the near future. The red line marks a clear invalidation point for this outlook.
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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.