And the Money Kept Rolling In... EVA
By
Zac Mannes
And the Money Kept Rolling In... EVA (Duarte)
We first posted a WaveSetup for EVA at that fateful meeting with Colonel Peron as the i-ii start to 5 of (3) Feb 25, 2022.
https://www.elliottwavetrader.
While we had a high probability target for the whole 5 of (3) at the 111-114 region, for R:R purposes we used a more conservative target for just the wave iii of 5 @97. But we did give this our highest WS ranking, 4.
It rocketed up >15% almost immediately at the start of March!
The character of that move allowed for a possible reinterpretation of the subwave structure allowing for a deeper fade so we posted an update for our subscribers and since I added a colorful purple variant path higher I made a reference to the Rainbow Tour 🎶 from Evita.
We did get a few fades but continued to hold support for our impulse.
Now that EVA ha significantly cleared the resistance levels we have again updated our support & invalidation levels for the Wave Setup and also moved the target to that 111-114 region.
