By Elliott Wave International
The stock of Ferrari has been rising strongly since 2016. Can you spot the Elliott wave pattern? It has profound implications for the trend in RACE from here…
Click the chart below to download a printable PDF version:
Now that you have labeled your RACE chart, watch the rest of this video on elliottwave.com and compare your chart with your Trader’s Classroom instructor Jeffrey Kennedy’s labels.
You’ll also see where RACE should go next — watch now, free!
This article was syndicated by Elliott Wave International and was originally published under the headline 5 “Core” Elliott Wave Patterns, Challenge #1: Ferrari (NYSE: RACE). EWI is the world’s largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.