mike_volk

NVAX super and primary wave pattern

Long
NASDAQ:NVAX   Novavax, Inc.
It’s my humble assumption with limited computing. Per Elliott wave pattern, NVAX may be in a supercycle wave III AND at the beginning of NEW primary/ intermediate wave 3. Looking at intermediate waves, the first 1-5& A-C have been built by a common script (purple waves) and I extended it to a new set of waves 1-5 (in blue). The new intermediate wave 1 L=149 (local low 121 high 270 @daily closing price), W2 retraced approx. 0.854 Fibo (0.9 exact) of W1 to local low 135 (closing price), thus, W3 should be L=241 with approximate target at 376. There is 5to10 per cent allowable error tolerance due to high volatility of this stock. More broadly, approximate target of supercycle W(III) should be 632 as per length of W1 and W2 retracement (possibly 2023)
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