Whadayaknow? Another biotech stock in the green for the same set of reasons. I shall not reiterate.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
@Rykin_Capital thank you for your post! Can you share your perspective after the nasty and the unexplainable crash yesterday?
Rykin_Capital
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@babakcrew, Yeah. Mistook B Wave for a start of a new impulse. What we've seen is a Wave C, so now a recovery, but it won't go nearly as high as projected above. Technically, this is not invalidated yet, so I am leaving the idea in. It will meander for eons, unless I'll choose to terminate it manually or if it goes beyond invalidation.