Novavax new Elliott wave is starting

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NVAX According to Elliott's waves theory, we finished a cycle from $230 to $85, plus an extension to $66. Now we have started a new cycle, which, I assume is until the bottom of wave 4 of the downtrend cycle at max. My target will be between $110 to 126$.

Then we will start a corrective wave structure ABC until wave 4 at about $90.

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ملاحظة

and this is the ABCDE structure inside the 4th wave indicating a bullish move.