Long Term Forecast for Amgen (AMGN)

The stock looks like it has completed wave III few months ago and is working on the first wave of the correction. There is an interesting pattern about this particular one. All waves 2 and II are long flats, waves 4 are zigzags. Would it be reasonable to expect a zigzag for wave IV or AMGN brings a surprise for the sake of alternation? A triangle perhaps? Time will tell.

%d bloggers like this: