Firstly, I want to apologize for having so many iterations of EW counts for this stock. There are alot of possibilities and a good Elliot wave practitioner always has to keep an open mind.
Secondly, we know definitely that an impulse was created from the October lows that brought us to the 8 area, this was followed by 3 moves down to 6 area then another 3 moves back to the 8 area. If this was a simple correction we would have expected 5 moves down to 6 area to complete a flat. But after topping at around 8 on the 18th things got complicated and that's why I have so many counts.
Lastly, one of those counts which is possible is a Double three correction or WXY. In this case basically we are forming a zigzag-zigzag-triangle. Here is a good website. ewminteractive.com/h...rrective-combination
Hopefully this count works out unless I think of something more probable.
Secondly, we know definitely that an impulse was created from the October lows that brought us to the 8 area, this was followed by 3 moves down to 6 area then another 3 moves back to the 8 area. If this was a simple correction we would have expected 5 moves down to 6 area to complete a flat. But after topping at around 8 on the 18th things got complicated and that's why I have so many counts.
Lastly, one of those counts which is possible is a Double three correction or WXY. In this case basically we are forming a zigzag-zigzag-triangle. Here is a good website. ewminteractive.com/h...rrective-combination
Hopefully this count works out unless I think of something more probable.