Pool corporation (POOL) pullback nearing completion
The post Pool corporation (POOL) pullback nearing completion appeared on BitcoinEthereumNews.com. Pool Corporation (POOL) remains within a larger bullish Elliott Wave structure despite the sharp decline from its 2021 peak. The stock completed a strong impulsive rally into wave (I) after a powerful advance from the 2009 lows. This move reflected strong momentum and consistent buying pressure over several years. After completing wave (I), POOL entered a larger corrective phase in wave (II). The decline has unfolded through a complex corrective structure and continues to pressure price lower. From the chart, the correction still appears incomplete, suggesting the stock may need one more leg lower before wave (II) fully ends. The current structure shows the market progressing through the later stages of the correction. Price has already delivered a substantial decline from the highs, but the Elliott Wave sequence still favors additional downside before a durable bottom forms. POOL Wave (II