Elliot Wave Analysis of AAZ - Weekly Candles. £3.50 target price
Have used the Weekly Candles here due to the timeframe involved.
A clear 1,2,3,4,5 Impulse advance (that meets all the EW Rules) for Wave I
Corrective Wave II consists of an a,b,c Zig-Zag decline, that was halted at (4) of the previous wave (also meets all the EW Rules)
Wave III should now develop and, assuming 1.618*Wave I, that gives a target price of circa £3.50
A clear 1,2,3,4,5 Impulse advance (that meets all the EW Rules) for Wave I
Corrective Wave II consists of an a,b,c Zig-Zag decline, that was halted at (4) of the previous wave (also meets all the EW Rules)
Wave III should now develop and, assuming 1.618*Wave I, that gives a target price of circa £3.50