Time for Berkshire Hathaway to start final wave 5

ΜΙΓ-άλη υπομονή θέλει αυτό το χαρτί….
July 19, 2017
Κυματικές ανησυχίες….
July 20, 2017

The price formation, ratios are text book impulsive in BRK-B and I believe there are many chances wave 4 is complete and we have started a wave 5 move that will eventually bring price towards 200$. First target is around 193$. Wave 3 is 161.8% of wave 1, wave 4 retraced wave 3 by 38%, wave 5 is expected to move close or higher from the 61.8% wave 1 to 3 distance. The entire upward move from 2016 lows looks incomplete and a new high is needed to complete the sequence.

 

Wave 5 could also have different targets according to the relationship it may have with wave 1. Below is the most probable area where I expect wave 5 of 5 to complete.

Thank you for taking the time to catch up on my thinking.

Alexandros Yfantis
Alexandros Yfantis
Fascinated by financial markets, studied International Securities Investment and Banking in the UK, works as a Portfolio Manager in Greece and runs a technical analysis website. Enjoys travelling and spending time with his family and preparing for the black belt in Korean Karate.