The “Breakout from Correction” scan caught Playtika (PLTK) at 3.17 — right before a 32% slide.
On August 6, the EWAVES Wave Finder identified Playtika Holding Corp. (PLTK) in its “Breakout from Correction” scan.
Here’s the wave count that Wave Finder flagged:
What Are EWAVES’ Wave Finder and “Breakout from Correction”?
EWAVES is the most advanced Elliott wave engine available. Its Wave Finder feature narrows thousands of markets down to a select few, using prebuilt setups or criteria you build yourself.
“Breakout from Correction” looks for a fresh impulse wave that has just broken the trend channel of the correction before it — but hasn’t yet cleared that correction’s price range and still has room to move.
Here’s why PLTK made the list:
Pattern:
Blue wave 4 had traced out a classic zigzag pattern, labeled green A-B-C, off its April low. On August 6, price broke down out of the corrective channel — the early stages of blue wave 5. At 3.17, with a minimum target below 2.64 and still inside wave 4’s range, there was still room to participate in the move.
Right Look:
Take a minute to study the clear subdivisions on the chart above: the five wave declines within blue waves 1 and 3 – AND the smaller five-wave declines in their purple subwaves. Those are just some of the elements that contribute to the “Elliotticity” score, which measures how closely a market’s structure matches the idealized Elliott wave model. PLTK scored 92%.
Wave Context:
One of the best aspects of the Wave principle in general is the perspective and context it can provide. In this case, four completed waves gave EWAVES a ton of information to project the fifth wave with — channeling, proportion, and dozens of other factors. PLTK has since fallen from 3.17 to 2.16 — a 32% decline as of August 18.
The full EWAVES software was designed and built for an institutional audience and is available for lease in the upper six figures. But now YOU can choose from 11 prebuilt scans and customize any of them by adjusting a dozen criteria, such as wave duration and magnitude, to fit YOUR personal style.
Learn more at ewaves.com/wavefinder.
