Canary Seed
Let us take a look.
Readers can find my past Canary Seed analysis on my website.
The long-term chart dating back to 1992 shows the 2021 break out above the long-term trendline.
Notice that the retracement that began in October could be forming a corrective Wave 4 for the Elliott Wave enthusiasts.
A corrective Wave 4 means we can expect a fifth impulse Wave to new highs.
IF and WHEN this occurs is yet to be determined.
It could take months or years.
What is your timeframe?
What is your risk tolerance?
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