Elliot wave theory !I was looking at the price movement of the Bomber for the last 2 years and notice the chart was similar to the 1st , ( upward trend ) 2nd ( downward trend )and now the 3 rd wave ( upward trend ) , which is the starting point. For those readers who are familiar with this wave theory
may agree with me this might be the 3 rd wave price movement which started at the bottom price of about 20.$ last
July. The highest point of the 3rd wave should go up to about 3 times the 1st wave up, that is about 100$ increase
from the starting point of 20$. After that there is the 4th wave ( downward coreection) and the upward 5th wave
upward rise again to the final climax cycle. I would like to ask any reader who are expert in the wave theory to correct me or to agree with me about the formation of this price phenomenon. If the prediction is correct , it will help all the Longs to plan to exit or to further invest in the Bomber. I know there are some exceptions and guildlines to follow
which I myself not familiar with. Your comment is much appreciated.