This speculative projection is valid if and only if the following assumptions are true:
I. MCO has finished its Elliot wave 2 correction at $1.66
II. MCO has already begun its Elliot wave 3 bullish impulse move
III. Elliot wave 3 reaches the top of the parallel channel when it intersects with the 3.618 Fibonacci level
If all of these conditions are satisfied then MCO will reach $104.27 by June of this year.
I. MCO has finished its Elliot wave 2 correction at $1.66
II. MCO has already begun its Elliot wave 3 bullish impulse move
III. Elliot wave 3 reaches the top of the parallel channel when it intersects with the 3.618 Fibonacci level
If all of these conditions are satisfied then MCO will reach $104.27 by June of this year.