Electronic Arts: Jump!

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Recently, EA has made a strong upward jump, coming very close to the significant resistance at $169.82. However, the price quickly fell again, providing us with sufficient confirmation to consider the magenta wave (2) as completed. The current wave (3) should extend below the support at $114.60, and the subsequent wave (4) countermovement should also occur below this mark. With the final wave (5) of the magenta downtrend impulse, the larger green wave [C] should then be completed. On the other hand, we see a 40% chance that EA has already completed the green wave alt.[C] at $114.60 and will directly rise above the resistance at $169.82 during the beige wave alt. V.

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