alex13kou

ASTS bearish wave count

alex13kou Updated   
NASDAQ:ASTS   AST SpaceMobile, Inc.
I will stay away from earning as we approach a critical cycle date as well. Every 70 days we have a flip, and after 3 flips we have a consolidation period of ~140 days. I am expecting a selling event to take place, I don't know what will be, maybe an offering, maybe sell the news... The tricky part is that we are many retailers here and as is well-known institutions will want to participate and have the best price possible. Although if we go above 13.20 will be very bullish as we will invalidate the bearish count. Good luck to all of you!
Comment:
My count on (X) wave is wrong, the invalidation is at ~14.9

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.