Is This First Elliott Wave? | Canada Goose Holdings Inc Stock
Is This First Wave?
Canada Goose Holdings Inc
This video is recorded because an
Elliott wave trader Brian S. did ask
me to weight it on the Elliott wave
analysis scale. That gave me a good
excuse to record another Elliott wave
tutorial. All credits to Brian.
Please tell us the stock that you also
want us to analyze in the comments
section and leave them to us.
On the daily chart, the prior trend has
been cancelled by a flat correction.
Following the 24Elliottwaves' waves count
guidelines if that happens, one must
restart counting waves from a brand
new first wave.
By doing so, one will spot five clean-cut
minor waves that form what is supposed
to be the first wave on the monthly chart.
At this point in time, I prefer to leave a
question mark on that monthly first wave
because that will allow one to proceed
one step at a time without risking too
much. It is just about a prudent approach.
Right?
That is why I ask the question:
Is This First Wave?
If that first wave holds then one may think
that the price is now entering the second wave.
Please watch the video in full to understand
everything.
For those of you who are mastering how to
combine predictive fractal patterns, wave
structures and waves forecast, one can use
those those daily chart internal waves structures
to forecast the expected motive wave. That
is more for advanced wave traders.
Of course provided that that first wave holds
(not cancelled). Alright? All good.
Now, please highlight the zone between 50% and 61.8%
Fibonacci retracement of that first wave. It would
be nice if a healthy second tags that zone. It may
or may not tag it. Please do not assume anything.
Alright, let's now map out the chart because that
will help one to flow with price-action without fighting
it with the Elliott wave principle.
Financials Price Targets
I have to admit that I am a bit impressed by both
the revenue growth and financials price targets.
As of today, there are seven price targets.
The price targets at $16.35
$27.25
$54.50 and
$65.02 have already being tagged in the past but
one must still note them down and draw them.
There are now two future price targets:
1/ $81.66
2/ $85.36
Please note that it is not guaranteed that the price
will hit those targets. Also it is not easy to say when
or how it will reach them. However, it is crucial to know
the financials price targets. In my opinion, the last two
targets are for the medium to long term investors.
WARNING
Please do not use this video as a signal to buy, sell or
hold Canada Goose Holdings Inc (GOOS).
Please compare your analysis to mine and be the decision
maker. That can only help. All good? Nice one.
That is it really for this stock.
So that was about
Is This First Wave Canada Goose Holdings Inc.
Once again many thanks to Brian; one of our long
term subscriber. In the next few days I will be back with
another tutorial (of course with good excuses).
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