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?
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