QuantumScape Corporation
Long

QS Update - Extension

33
Overall count is still ongoing, made some minor corrections on what part of the impulse was in the midst of an extension. Price here is passing the HIGHEST VWAP resistance, this is INCREDIBLY significant, as once broken it shows that there's no VWAP resistance afterwards. In many scenarios price flies.

I've got a few price targets here, I've been holding for a bit (you can see the link to my previous QS prediction) it seems price is in the midst a micro-third wave extension inside of another third wave extension. Extensions with extensions are not uncommon in elliot wave theory, especially when it comes to the third wave. No serious resistance till the $21 price level, will re-evaluate after we see this range. Seriously large upside is still in play here.

Wave-Count Confidence: Average

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.