Continuation from last WAVE ANALYSIS, it has completed triangle correction of WAVE4 and it is now way down to next support line which will be end of wave 5 seeming around $0.6 ~ 0.8 level for accumulation of money.
Trade active
⋅
Critical Dates are labelled with vertical lines in Amber and Red, Amber being the watch date while Red is date of action.
Comment
⋅
Strongly recommend studying the trend with MFI and Chaikin Money Flow(CMF)
Comment
⋅
All WAVES and Dates have been figured out using CMF and MFI + Fibonacci retracement and timezone
Comment
⋅
Confirmed the breakout from triangle correction, towards the new support line and unless there are huge amount of volume coming in with accumulation, share price will drop no matter what.
You can't short this only on technicals. You never know when news comes out ... One tweet can crush your short position in seconds. I would not recommend.
tae9141
⋅
@Slowbin, You are somewhat correct however Tweets will only make momentary bump during the day and comes back to where it was. Sell the news buy the rumor.
I doing only analysis on bottom price before the next big movement begins.
tae9141
⋅
@Slowbin, Remember, before Earnings, share price will probably go down huge.