And the Money Kept Rolling In... EVA

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.net/trading-room/post/7623693

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.

https://www.youtube.com/watch?v=2tpvxsJAZPk

https://www.youtube.com/watch?v=emvvcMvL-vA

Eva Feb 25 WS chart 4hr
Eva Feb 25 WS chart 4hr
EVA - Primary Analysis - Apr-14 1304 PM (2 hour)
EVA - Primary Analysis - Apr-14 1304 PM (2 hour)
Zac Mannes is a senior analyst at ElliottWaveTrader.net and co-host of the site's Stock Waves service, which provides wave alerts and trade set-ups on individual stocks.