Sea Limited (SE): A Path to an All Time New Highs?

SUMMARY

Sea Limited (SE) has pretty much completed its ABC (red) correction. As shown by the subwaves of each and how red C has compex sequenced into wxyxz type, the breakout that is in progress is impressive. As it has gapped up, that gap will likely be closed as part of a wave 2. How so?

The path to a new all time highs could be as shown by the blue impulse waves. Wave 2 is expected to come back down to the top white trendline of the downward wedge pattern. Even the MACD is wedging as shown and also has broken out. Higher price highs should be supported by the MACD turning upwards (blue arrow).

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Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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