LIGHT - Bullish trend retesting exponential growth curve

5 juin 2020

Hi guys, here's a small update on LIGHT (AKA Philips Lightning).
As we can see the bullish trend is now retesting the exponential growth curve that started around 15th may, this is where the recovery from COVID-19 started.
Since we don't have a resistance layer there, things might turn out positive for us. But we can't be too naïve and therefore not calculate any risk for that matter.

5 juin 2020

Note

After the 5th elliot wave you see we went down to the exponential curve to retest the growing stocks, which could mean a correction wave is coming up (elliot wave ABC).

3m timeframe:

5 juin 2020

Note

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5 juin 2020

Note

The retest on the 15m chart:

9 juin 2020

Note

Correction wave started a little later than expected.

Correction wave
Expectation: june 3rd 16:00 (UTC+2)
Result: june 8th 12:00 (UTC+2)

I'm expecting this drop can go as low as point (A), moving down to 20.4.