Give your dad some smokes, it's story time.
QS is one of the biggest shitshows since that time your mother got kicked out of Kokomo's on that Havasu trip.
I know you just read the Intelligent Investor and want to force feed some fundamentals or facts about batteries to me. Save it kid.
your dad has $50 riding on this bad boy, and I'm not going to let you kill my vibes.
The past few months have been tormented by complex triangles and wave five compression.
We love to see it.
It's your time to shine.
Is this financial advice? Are you a motley fool? Will your mother ever be taken off Kokomo's black list?
leverage up cowboy. QS daddy going in.
Wedges typically play out to a target equivalent to widest part of the wedge measured from breakout. An example is this purple line.
This aligns with the 2.618 which is a common w5 target for impulses. assuming there's a deep w3.
This also aligns with my original target from TLs (really just the channel line) and VPVR.
This appears to be a flat correction. This became evident as the recent wave up was not impulsive and followed a 3-wave pattern ABC.
Confirmation by RSI.
This looks like a flat correction which will be limited by the 1.618 AB extension at $24.70
This presents another buying opportunity.
Depending on where sub wave 3 ends, we will know where the end of the impulse will be. I am watching $30 price target before significant pullback. Might trade this w4, as it looks like w3 is almost done.
So far I'm seeing the minimum retracement and clean ABC off this wave
Potentially getting a MA cross on the 1h TF. I like the 50, 100 Ema. Note the lats few times this crossed....
I need to spend some time reevaluating this setup to see if I want to Re enter. Like I said I like the easy money. But it could be good to hang onto this one for the higher targets I initially identified