QFIN has started a journey to the new ATH after a massive predicted decline ! How it will play from now on? Lets follow the prediction.
Previous earning report stopped the declining move from ATH down to 16.01 low after a sharp ABC form of correction ( labeled wave (2)) around 0.786 Retracement of the completed cycle wave (1) . Today's earning report pushed it up above the minor high at 27.13 which I consider it as a low degree wave 1 of a newly started up going wave cycle (wave (3) ).
If true our labeled wave (3) can reach to prices around 80 corresponding to 1.618 projection of wave (1). Of course it can go higher to around 118 relating to 2.618 projection of wave (1) but, we just consider the typical 1.618 projection for now which still give us a huge profit ! .
It is worth to note in terms of timing chart is a schematic drawing.
Please take it into consideration that in this predicted journey we will see lots of ups and downs , move ups and correction So, patience is a key if we want to take profit at proposed targets.
Please be aware this analysis is not talking about entrance strategy or any entrance point. Like ENPH I think any entrance strategy with a reasonable patience can bring us a nice sweet profit. I am already in by taking out 24.43 minor high.
Good luck my friends and wish you huge profits.
Previous earning report stopped the declining move from ATH down to 16.01 low after a sharp ABC form of correction ( labeled wave (2)) around 0.786 Retracement of the completed cycle wave (1) . Today's earning report pushed it up above the minor high at 27.13 which I consider it as a low degree wave 1 of a newly started up going wave cycle (wave (3) ).
If true our labeled wave (3) can reach to prices around 80 corresponding to 1.618 projection of wave (1). Of course it can go higher to around 118 relating to 2.618 projection of wave (1) but, we just consider the typical 1.618 projection for now which still give us a huge profit ! .
It is worth to note in terms of timing chart is a schematic drawing.
Please take it into consideration that in this predicted journey we will see lots of ups and downs , move ups and correction So, patience is a key if we want to take profit at proposed targets.
Please be aware this analysis is not talking about entrance strategy or any entrance point. Like ENPH I think any entrance strategy with a reasonable patience can bring us a nice sweet profit. I am already in by taking out 24.43 minor high.
Good luck my friends and wish you huge profits.
