SUMMARY
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The performance of FedEx (FDX) stock price is often seen as a harbinger of what's to come. Given how bullish FDX had been since the 2008 Financial crisis which coincided with blue wave 2; price has surged to all time new highs. This has led to blue wave 3 which is likely complete and if not, it probably has one more wave up before declining into blue wave 4 correction. It's during this correction when news of slowing economy might arrive to justify the forecast.
The subwaves of blue wave 3 seem quite complete (white) and the same for blue wave 1. IF the blue wave 4 correction onsets, then the ABC pathway is likely. It would not be a crash scenario; but rather a healthy blue wave 4 retracement which will prepare the table for blue wave 5. But still, this blue wave 4 will also likely correlate with lowered shipments by FDX; hence, reflective of a slowing economy.
The MACD has declined from a very overbought state and should lead to red wave A completion. One other corrective pattern could be an ABCDE triangle as well. Regardless, once blue wave 4 completes, all time new highs will be ushered in by blue wave 5.
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Thanx for research :-)
Thanks for the info and clearer elaboration
Better info than usual regarding the stock. As usual though killing it with the elliott wave analysis. In a month or two when it hits bottom of trough are you buying?
looks like it's about to go down for a while and by how far it would rise will be a shock to many. This is just my analysis though, thanks@haejin for the informative post.
First thanks for this information and knoweledgeable post for steemians and obviously its getting back to its worth its rise is like an empire outstanding great analysis according to fact and figures
thanks you! mr.haejin
I always look good in writing.
What do you think of Bloom?
super
This is an extensive but worthwhile write, @haejin. Thanks
Hello, I was wondering if you were ready to admit that you were wrong since the onset of this flag war and that the flags you receive are a representation of the sentiment of the community and a HEALTHY CORRECTION to your overvalued posts. I would also like to know if you are ready to confirm to your followers some of the allegations (such as collusion and voting abuse) made from the beginning. I think this would be a good step in a positive direction for you. If you'd like, I can help you prepare a statement.
I'm looking forward to your friendly response. :)