Long Term Forecast for Berkshire Hathaway (BRKb)

The stock fits nicely in an all-time channel. Wave (I) looks complete or almost complete at 2.414 fibs. A little higher and wave V = wave I. If this is going to be the top of wave (I), expect a retrace to minimum 190. Could be a very sharp retrace if the current wave is an ending diagonal. Alternatively, the current wave could just be wave B of a bigger, complex correction. In this case, the same possible target 190 at the support of wave 4. There is a chance that the channel is shifted and wave IV in red takes much longer. Underlying thought: if wave 4 takes over a year, completion of the whole wave IV in two months is questionable.

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