Union Pacific Corp. (UNP): Alert! Red Halo Event Warning!!

in money •  20 days ago

SUMMARY

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Here is Union Pacific's (UNP) weekly chart showing that a five wave impulse rise is either complete already or will be very soon! The red halo event means that a major correction is likely to occur. By this chart, would you be a buyer or a profit taker?

The corrective decline could be 55% or so since the C wave usually retraces to the prior wave 4. Still, the first white five are subwaves to a higher degree of trend 1 and the ABC subwaves to a higher degree wave 2. This means that the retracement could exceed 0.618 Fib level.

The MACD is expected to decline; thought it can first rise abit more if price puts in an incremental higher high prior to turning down.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

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Elliott Wave Counting Tutorial #1
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