LNKD 5 Year Chart Elliott Wave Long Term Forecast

 

nov14lnkd

This is the long term forecast of LinkedIn.com (LNKD) based on the 5 year candlestick chart.

Best case scenario:  First wave was either 0 to 258 or 58 to 258, Wave 2 was the impulsive drop from 258 to 138, B wave of the W2 was the move from 138 to 278, C wave was the zigza drop to 162 and the recent breakaway gap was the start of a pretty huge Wave 3.  Highest target if Wave 1 was 0 to 258 would be as high as 500-520 on a 1.618 breakaway move, or conservatively as high as 420-440 on a 1.618 move based on the 58 to 258 first wave.  It needs to hold gap support at 218, and if it does and it clears 278, we could see it double from here.

Worst case scenario:  Gap fills at 218 and below and the ABC flat fails breaking 786 support at 200 to restest the A wave low set at 138.

Where I’m leaning: 85% chance it’s entered the big wave 3 to either the 420-440 target or the 500-520 target.  That would be Wave 1, Wave 2, ABC flat into a 1.00 breakaway gap Wave 3.

LNKD 5 Year Chart Elliott Wave Long Term Forecast on November 14, 2015 rated 5.0 of 5

About the author

CEO Ted Aguhob, Master Elliottician and Technical Analyst, Day And Swing Trader, Website Designer And Marketer, Artist, Producer and Musician has provided content to gemxwave.com, wavegenius.com and masterofcharts.com for over 14 years. The biggest breakthrough as a blogger came in 2013 when Wavegenius.com produced a net profit of over $177,000 and became one of the highest earning blogs in the entire country. Many of his biggest and most amazing calls appeared on major financial websites like Thestreet.com, Yahoo Finance and MSN Money, was a radio personality on Washington DC Radio, and has a following in the tens of thousands for many years. Ted is known for his charisma, vision, creativity and better yet.."genius."

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