CVS Health Corp (CVS):Wave 5 Still on Deck! by haejin

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money · @haejin ·
$232.77
CVS Health Corp (CVS):Wave 5 Still on Deck!
<center>![](https://steemitimages.com/DQmWPk9pGawtxkJQ11KtjmsDaJ4Nnz84ggyRCdVJsq6f8TZ/image.png)</center>
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**SUMMARY**

The weekly chart of CVS Health Corp (CVS), the arch nemesis of Walgreens, has been correcting since July of 2015!! That's almost a 3 year bear market. The chart shows that of waves 1,2,3 are complete and wave 4 is nearly so. The pattern also shows a massive downward wedge. Is this bullish or bearish? 
![](https://steemitimages.com/DQmRH57jzfwQgyhtBMYeFWdjyQMiBmWe6a6jUN9SUeuLVf8/image.png)

Adding the projection for wave 5 for an all time new high around mide $130s is based on the 1.618 extension of wave 1. Also, the MACD shows that a higher low is generated while price is making a lower low. This is a bullish divergence. The key is to correctly identify the direction and not the precision targets. Would this be the time to be taking buying or selling actions?
![](https://steemitimages.com/DQmUQz4pfnpPM6NzxYBqV5wfGsKjbJFGyUgA9LoR2dgRdyH/image.png)


**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. </center>


Please consider reviewing these Tutorials on:
[Elliott Wave Counting Tutorial #1](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-1-by-haejin)
[Elliott Wave Counting Tutorial #2](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-video-2-zig-zag-and-flat-corrections-how-to-recognize-and-label-corrective-waves)
[Elliott Wave Counting Tutorial #3](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-iii-how-to-label-and-apply-triangle-price-corrections)
[Laddering](https://steemit.com/bitcoin/@haejin/an-effective-buying-and-selling-strategy-laddering-a-tutorial-on-to-cast-a-ladder) and [Buy/Sell Setups](https://steemit.com/bitcoin/@haejin/when-to-buy-and-sell-using-elliott-waves-a-tutorial). 
[Laddering Example with EOS](https://steemit.com/bitcoin/@haejin/eos-target-usd3-22-analysis-update-live-real-time-laddering-example-you-don-t-want-to-miss-this)
[Tutorial on the use of Fibonacci & Elliott Waves](https://steemit.com/bitcoin/@haejin/tutorial-on-the-use-of-fibonacci-ratio-and-elliott-waves)
[@haejin's Trading Nuggets](https://steemit.com/bitcoin/@haejin/haejin-s-trading-nuggets-all-learned-through-tonnages-of-failure-experiences)
[Essay: Is Technical Analysis a Quantum Event?](https://steemit.com/bitcoin/@haejin/essay-is-technical-analysis-a-quantum-event)

Follow me on [Twitter](https://twitter.com/Haejin_Crypto) for Real Time Alerts!!
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<center>https://steemitimages.com/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV.gif



<center>https://steemitimages.com/0x0/https://s1.postimg.org/231h83mh7z/U5drx_NFe_Q4_Nn_YGEb9rq2_V47_X6_Yk_AQsm.gif</center>
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vote details (286)
@izge · 
Thank you as usual for sharing useful information. It is really informing following you.
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@cashunter · 
Good post
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@moyse · 
nice post thank you for the information
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@tulio77 · 
It will decline further!
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