Nexium has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Nexium began the wave one advance on December 28, 2016. The wave one finished on January 27, 2017, and the wave two correction ended on March 2. If this wave count is correct, Nexium should be heading next towards the January 27 peak in the wave three.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "Nexium will takeout the January 27 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Nexium will drop below the March 2 low".
If you think Nexium is in a range, upvote this post and upvote the comment "Nexium will stay in a trading range between the March 2 low and the January 27 peak until April 30".
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