The price formation, ratios are text book impulsive in Berkshire Hathaway B (NYSE:BRKb) and I believe there are many chances wave 4 is complete and we have started a wave 5 move that will eventually bring price towards 200$. First target is around 193$. Wave 3 is 161.8% of wave 1, wave 4 retraced wave 3 by 38%, wave 5 is expected to move close or higher from the 61.8% wave 1 to 3 distance. The entire upward move from 2016 lows looks incomplete and a new high is needed to complete the sequence.
Wave 5 could also have different targets according to the relationship it may have with wave 1. Below is the most probable area where I expect wave 5 of 5 to complete.
Disclosure: None of the information or opinions expressed in this blog constitutes a solicitation for the purchase or sale of any security or other instrument. Nothing in this article constitutes investment advice and any recommendations that June be contained herein have not been based upon a consideration of the investment objectives, financial situation or particular needs of any specific recipient. Any purchase or sale activity in any securities or other instrument should be based upon your own analysis and conclusions.