In the last post on this stock I was looking for a few more gyrations to the upside for  wave 5. Fast forward it appears we have got that upside although wave 5 appears to have morphed into a possible ending diagonal. If it is an ending diagonal, then wave 5 is close to ending. Once 5 waves are finally completed from then Feb 2016 lows I am expecting at least a pullback in 3 waves to correct the advance, although it could see a much deeper decline based under the monthly chart.

A minor new all time highs to end wave [v] of 5 is still needed, a strong reversal back under 34.50 would favor that the ending diagonal and wave 5 had likely completed.

Prior post –  http://www.wavepatterntraders.com/elliott-wave-analysis-of-hudson-pacific-properties-hpp/

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