1) We have completed our first wave structure up and we are currently in a correction pattern before continuing to the upside. Right now it appears to be playing out as an "ABCDE" symmetrical triangle / regular flat pattern. - If this is invalidated, I have included the possibility for if this becomes a 3-3-5 expanded / running flat (which I don't think is the case, but - you want to be ready for everything!) 2) Upon breaking out of the triangle, my 1st idea would be to play the breakout targeting a 1:1 extension of the height of the triangle, first targeting 50%, then 100% (labeled in photo). 3) Since symmetrical triangles are continuation patterns, I would then look to target a 1:1 extension of the entire wave up - targeting the $4 area.
Earnings are today so this should get interesting!
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Welp.. There's earnings for you. From a TA perspective this was spot on - However, earnings are always a risky game to play, so be safe. Time to buy the dip
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Rule to self: Don't play earnings as it is likely to violate existing TA... make sure to perform your due diligence on a company and have a healthy balance of FA as well. On to the next trade!