The recent gyration could be counted as either an ending diagonal (bearish rising wedge) for a 5th wave of an impulse wave and potentially completed the advance from the 2015 lows, or wave 4 could be counted as a triangle and a bit more upside for wave 5..
Its never a clear view when you have a couple of similar patterns (ending diagonal and triangles are made up of 3 wave movements). Until we see a much strong move under 93.00 – 90.00 I dont have enough to argue a peak is in place for wave 5, but if we were to see a strong breakdown under 90.00 and an impulsive decline it could well argue that a top is locked in place.
Do you have a stock that you want evaluating? Purchase a consultation call and get an independent review through the lens of Elliott Wave. With the US stock markets vibrating around the previous all time highs, it may be prudent to think about protecting any gains you have.
Click here to purchase a consultation call CLICK HERE
Click here to purchase a Elliott Wave report CLICK HERE
Note: If you are a member, you can email me or send a tweet for an update if you are thinking about trading this stock.