RCL appears to be in a 5.2.1 Regular Flat corrective wave. Clearly you see RCL in BLACK bold, dropped 3 waves, comes up 3 waves, and now I suspect it to drop another hard 5 waves down near Major Support or below.
I do think RCL can maybe make it back to a double top at $42-43, if it can break through resistance @ $37. However, it is very unlikely it does that.
5.2.1 Regular Flat: "A flat correction is a 3 waves corrective move labelled as ABC. Although the labelling is the same, flat differs from zigzag in the subdivision of the wave A. Whereas Zigzag is a 5-3-5 structure, Flat is a 3-3-5 structure. There are three different types of Flats: Regular, Irregular / Expanded, and Running Flats."- elliotwave-forecast
I do think RCL can maybe make it back to a double top at $42-43, if it can break through resistance @ $37. However, it is very unlikely it does that.
5.2.1 Regular Flat: "A flat correction is a 3 waves corrective move labelled as ABC. Although the labelling is the same, flat differs from zigzag in the subdivision of the wave A. Whereas Zigzag is a 5-3-5 structure, Flat is a 3-3-5 structure. There are three different types of Flats: Regular, Irregular / Expanded, and Running Flats."- elliotwave-forecast
Catatan
RCL broke through the 2.618 resistance, which is not a bad thing. $37 can now active as a support. Now the stock is into the impulse core at $42-43.4. I expect a double top coming real soon. A good market can create an overshoot. Markets are coming to a top or overshoot hype rally soon.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.