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 a bottom in wave 2, with targets beyond TradingLevel2 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 expecting downside movement, followed by wave {b} and a final wave {c}. After that, watch for signs of reversal and continuation to the upside.

Technical analyst: Alessio Barretta.

BA Elliott Wave analysis [Video]