DRAX GROUP LS-,1155172
7.935EURD
−0.020−0.25%
At close at Jul 17, 21:38 GMT
EUR
No trades
D9F2 trade ideas
Drax PLC - Correction finished and upside from here?From my analysis Drax PLC may have a little further to retrace for wave 2 but it may be about to embark on some serious upside. According to this Elliott Wave count it may have completed a correction that started in 2006 and may now be resuming its upwards trend. For the more pessimistic, my completed C wave may not be deep enough and might only be the end of its wave 3 and the upswing going on now may only be the 4th wave correction before further downside. I, however, am going with the more optimistic view although I will be keeping an eye out for the alternative count.