SUMMARY
Conagra Brands (CAG) completed one full round of impulse sequence as can be seen in the below weekly chart. The second round is still in progress and likely has just completed wave 3 and is now correcting for wave 4. The final wave 5 should continue delivering all time new highs. The first ABC was wide and overlapping and so wave 4 should be more simple. Bottomline, the bull run is not even close to completion.
The big picture is what'll show how all the subwaves and larger degree of trends jive. The first sequence of white impulse is the subwave component of blue (1) and the ABC the same for blue (2). So, blue (3) likely has wave 4 and 5 remaining as subwavse. Wave 4 is subdived as simple ABC. It could be that blue (1) is extended but it's also likely that blue (3) could extend much higher than labeled.
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