Civic (CVC): What Could be Staggering?
Could there be a repeat of a rounded price formation that launches another massive profit potential? I believe so; though all time new highs might not be called. However, IF Civic (CVC) decides to extend the sideways price move; the below wxyxz pathway would best fit the profile. There is a likelihood for this price pathway to occur. However, there is a more primary Elliott Wave count than this.
The below shows that the MACD is not indication further sideways movement but rather a good potential for higher highs (white impulse).
The rally can form a larger rounded bottom pattern which could then significantly corret to 50% or 78% retracement. However, this would setup for a staggering profit potential once the correction completes into late Fall or so. IF correct, it'll be a sight to behold.
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Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
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Tutorial on the use of Fibonacci & Elliott Waves
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Essay: Is Technical Analysis a Quantum Event?