SUMMARY
Here is a very long term chart of Sony (SNE) and what is most striking is the mega extended 5th wave!! The resulting decline was horrific as the ABC reached the levels of prior wave 2!! However, even corrections come to an end. Do you think SNE is at the terminal end of its correction?
The impulse blue waves show that a change in trend could be in progress. The breakout from the final downward wedge was bullish (white). What other pattern can you discern?
The Cup & Handle is also forming and with one blue wave 5 remaining, it seems like SNE could be at the onset of a renewed cyclical bull market!
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