BA Elliott Wave technical analysis [Video]

BA Elliott Wave analysis

• Function:Trend.

• Mode:Impulsive.

• Structure:Motive.

• Position:Wave 1 of (3).

• Direction:Upside into wave 3.

• Details:Current pattern indicates either a(1)-(2)or(A)-(B)setup. Looking for abottom in wave 2, with targets beyondTradingLevel2 at $200.

• Function:Trend

• Mode:Impulsive

• Structure:Motive

• Position:Wave {a} of 2

• Direction:Bottom in wave 2

• Details:Wave {a}appears near completion. Still expectingdownside movement, followed bywave {b}and a finalwave {c}. After that, watch forsigns of reversaland continuation to the upside.

Technical analyst:Alessio Barretta.

BA Elliott Wave analysis [Video]