AZN ELLIOT WAVE THEORY.

27. Juli 2020

AZN broke up through Bullish Triangle only to Reverse back down to test support, support held and has started to bounce back up, Earnings at the end of this week will potentially push us up to the 60 range where there will be some resistance but could very easily break above it.. There is a lot of gaps that were not filled at the mid 54 range that I expect will be filled. I think we will have a 1st wave up with Earnings then a pull back to 54 to fill those orders then a pretty sharp bounce back up for the 3rd wave.