In the four months between January 2025 and April 2025, the stock of Sterlingng, a  prominent Nigerian financial services group declined by 28%. The price surge from ₦4.6 to over ₦5.3 in a 3 waves structure i.e interrupted by  a dip for wave 2 along the way shows that we are now in an impulse to the upside.

Sterlingng has since surpassed the immediate resistance as ₦5.5 since but can investors trust this recovery of should they brace for another selloff? Fortunately, the surge to over ₦5.5 didn’t exactly move in a straight line. Instead it produced a very interesting Elliot Wave pattern, giving us a hint about the future.