Replies to post #4919 on 123Tom's TA study group

[123tom]

I just studied the chart of ...

IDRA for an hour...its a tough one to figure out. big volatile moves but also stretching out over years to craft the Elliott wave picture.
Did you just recently close the trade at the resistance topping zone shoulder? it got a 50% haircut from 2.87 to 1.32 in the latest wave down. it went from 6.87 to 1.19 , its all over the place for the last 5 years. looks like it has no solid base or clear peak. the most clear thing I see is a long stretched out 5 year Elliott wave that is finished with a bearish wave 4, and making its wave 5 down now, to at least retest the 1.20 but maybe 1 dollar or lower?? I don't really know.