SUMMARY

Verizon (VZ) is a behemoth of a communications company with a sizable footprint. It climbed in a clear five wave impulse (blue) to correct in an ABC manner during the 2008 financial crisis. The retrace was quite deep and almost towards the prior wave 2 zone. Since then, the five wave up repeat has taken place and the key question is what could be probable next?

The rounded bottom Cup formation was completed with the white five wave climb. The correction currently takingplace is likely to be the handle formation. Once this multi-year bullish pattern completes and confirms; the coming raise could be substantial (white arrow).

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Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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