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xstreamSTL
Jun 25, 2021 7:22 PM

DBGI short now, but reversal soon. Short

Digital Brands Group, Inc.NASDAQ

Description

We appear to be on the 4th E-wave still since the EWO has not crossed the zero line. The magic fib level, assuming end of the 4th wave would indicate a short reversal, heading up as the 5th E-wave. I welcome any critiquing, whether in agreement or not. Trade on with gusto!

Comment

I meant to mention this is an hourly chart which is, of course obvious upon inspectiion. Right now, the short action seems to have reversed from right around that .615 fib level. To the moon!

Comment

Now we seem to be experiencing a 2nd Elliott wave, waiting for the big move up as the 3rd wave shall begin in the not-too-distant future: (tvc-invdn-com.investing.com/data/tvc_a352cb2fc1bfcb9dd6658e5f7dad05b7.png)
Comments
ntmit-universe
it will rise, just the time I'm worried about.
xstreamSTL
@chrisverger1984, my chart laid out in June, One hour chart looking at very short-term ideas. A lot has and has not happened with this stock since then. There were a couple of really nice spikes but it really did wither to not much upward action lately.
ntmit-universe
Well I did well among others this month. I've been trading since middle school and have series 7 license, a chemist and physicist. Sorry if you lost some $. It's like hunting, you patiently wait and act immediately. Good Luck!
xstreamSTL
@ntmit-universe, nice, I am a web app developer with an electrical engineering degree, I remember how tough the college chemistry class was, but it was interesting. I believe I exited that trade pretty early on so I don't think I took too much of a loss if not a small gain.
ntmit-universe
you're a pro? how many years have you traded? Are you licensed? Did you get in on bitcoin/blockchain when it was pennies?
xstreamSTL
@ntmit-universe, I have been trading for decades, but not licensed. Do you operate a fund? I did not get into the Bitcoin blockchain funfair oh, did you?
ntmit-universe
yes, I have two public funds that pay. I'm also electrician licensed and worked for steel workers and then ibew. I'm done with hard labor after college. Infact im more of an inventor now. Not that we will ever stop trading. =)
xstreamSTL
@ntmit-universe, i worked one winter as an electrician, mainly running a jackhammer to pry fire control devices out of concrete walls in an old building in my downtown area (St. Louis). I also ran and installed conduit. It was very hard work. I am curious about your public funds. Can you send me information on it?
ntmit-universe
I hate to be one of those people that vanish or seem dishonest. However, I really prefer to keep a low footprint on the net. I do pick and prune stocks for a large AI/Automation fund that I'm proud of. A hedge fund to survive volatility. I'm certain you would be familiar with them. Also very present in cryptocurrencies of which are worth millions and difficult to manage and program. Sorry I prefer to stay anonymous. I don't need any publicity. I don't even have a Facebook account. You seem sharp and experienced, get licensed!
xstreamSTL
@ntmit-universe, hey, to each their own. I am doing well lately with stock option spreads and other preferred stocks received of a new spun off company, since I owned stock in the parent company prior. So, good luck and "...ride, captain, ride...upon your mystery ship..."
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