Carvana Co.Mis à jour 30% correction, then more than 100% upside
The whole analysis is based on Elliott Wave Analysis:
I believe that we have only just ended the Wave A of Wave (5), heading into a wave B, acting as a corrective move.
Idealy, I would like the price to dip into the 0.5 to 0.618 retracement zone (165-180).
This might take a while, but once this correction is over, I see a very strong move upwords, as a wave C of (5). This should take us to a new ATH anywhere between 400 and 515 (more precise predictions can be made as we approach the mid to end of the wave C).
I would probably wait till the correction is over to buy, 185-180 acting as a buying zone!
I believe that we have only just ended the Wave A of Wave (5), heading into a wave B, acting as a corrective move.
Idealy, I would like the price to dip into the 0.5 to 0.618 retracement zone (165-180).
This might take a while, but once this correction is over, I see a very strong move upwords, as a wave C of (5). This should take us to a new ATH anywhere between 400 and 515 (more precise predictions can be made as we approach the mid to end of the wave C).
I would probably wait till the correction is over to buy, 185-180 acting as a buying zone!
Transaction en cours
I could also argue for the (a) already being the circle a, since the previous b's have not been especially deep. Therefore, I would possible already build up a position at the 0.382 retracement (around 196) and scale in, the deeper we retrace. But further price action could alter my view.
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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.