SCI - Daily
Elliot Wave Analysis
Wave : = 31.45 - 64.75
= 33.3
= 64.75 - 50.05
= 50.05 - 104.30
= (33.3 * 1.618) + 50.05 = 104.3
Wave 4 Possibility = 91.4 **
Wave 5 Possibility = 100 - 104 lvls **
(**) refer notes
Elliot Wave Analysis Notes (**)
There is a likely possibility of wave 5 truncating (Wave 3 = Wave 5) as wave 3 was severe in momentum .
Likely wave 4 is to retrace back to 91.4 for a target of 100 - 104 lvls
Elliot Wave Analysis
Wave : = 31.45 - 64.75
= 33.3
= 64.75 - 50.05
= 50.05 - 104.30
= (33.3 * 1.618) + 50.05 = 104.3
Wave 4 Possibility = 91.4 **
Wave 5 Possibility = 100 - 104 lvls **
(**) refer notes
Elliot Wave Analysis Notes (**)
There is a likely possibility of wave 5 truncating (Wave 3 = Wave 5) as wave 3 was severe in momentum .
Likely wave 4 is to retrace back to 91.4 for a target of 100 - 104 lvls