Double Three (WXY) Corrective Structure
$XLV 1H Elliott Wave Chart 2.13.2024:
Here is the 1H Elliott Wave count from 2.13.2024. We expected the pullback to find buyers at the blue box area at 142.56 – 141.39 in a 7 swing structure (WXY).
$XLV 1H Elliott Wave Chart 2.16.2024:
Here is the 1H update few days later from 2.16.2024 showing the bounce taking place as expected. The ETF reacted higher from the blue box after doing a Double Three correction allowing longs to get a risk free position. The stock is expected to remain supported towards $156 – 168 before another pullback can happen.
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The post Health Care Select Sector ($XLV) Found Buyers at the Blue Box Area as Expected. appeared first on Elliott Wave Forecast : Analysis and Trading Signals.
