American Water Works: Toward the B-Wave Top

Primarily, American Water Works is still working on the turquoise wave B, which should top out below the resistance at $164.36. The subsequent sell-off of the turquoise wave C should then complete the overarching wave [B] in green. However, in our 40% likely alternative scenario, the stock would directly surpass the $164.36 level, thus confirming an already established low of the green wave alt.[B]. Still, structurally, renewed rises of wave [C] should follow after the wave [B] low in both of these scenarios.