TOYOTA MOTOR CORP
Long

Elliott wave count suggest that the stock currently is in a flat

71
Based on my daily chart analysis earlier on, it concurs to me that the weekly support the bullish run beyond 8000 yen, but not for long. Based on the wave analysis, the flat corrective wave is still currently forming the B wave of the Primary phase. Based on further analysis, the wave on the smaller scale within the regular flat is forming an expanded flat, therefore price above 8000 may signal a bearish 5 wave down reversal.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.