Anthem Inc. (ANTM): Terminal End of an Impulse

SUMMARY

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Anthem (ANTM) has probably risen to the terminal end of wave 5 as shown in the chart below. The impulse sequence has be quite crips and clear cut. Elliott Waves states that after five waves, there is a requisite correction. Does it look like that correction might have already started?

The subwaves for now show that the white five wave labels are valid. The only wave that isn't as clear cut in subwaves is white wave 3. However, higher resolution time frames show the clearer separation of blue 3 and 4 waves. The ABC corrective sequence is reachiong towards the white wave 4 zone. But bear in mind that this correction is equivalent to a larger degree of trend wave 2 and thus the retracement can easily exceed 0.5 and 0.618 Fib levels. Is this the most ideal time to be an active buyer or a profit taker?

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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