Berkshire Hathaway (BRK) Could Potentially Hit $400k in Price

SUMMARY

The colored boxes show a potential sequence of fractals that's running in the Berkshire Hathaway (BRK) chart. Note how each fractal becomes narrower in time and shorter in price run. Still, I believe one more fractal remains and potentially take price to hit $400,000 per share.

Here is another sequence of fractals, bull flags (blue). These have been combined with Elliott Waves which show that wave 3 has completed and the recent declines likely represent wave 4. Once complete and likely as a bull flag pattern, the remaining wave 5 should allow BRK to tage the the $400k price target. The MACD is still in a corrective mode and will like be until the bull flag pattern completes. Remember, it's never the price that should be considered but the percent move in that price. The percent is the normalizer when comparing potential investment returns.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

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Elliott Wave Counting Tutorial #1
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Tutorial on the use of Fibonacci & Elliott Waves
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