I am new to this, but I really enjoy it and would love any feedback. This is not financial advice.
This analysis is based on the Elliott Wave Theory. I think you will see one more major move up before watching it fall to the ground like a dead cat. This is based on the 5-3 theory and considering that this is a psychological play more than a fundamental play it would make sense to have one more major continuation before she falls through the floor.
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Everything seems to be continuing as predicted so far. We had a bounce off of the suspected trend line and a continuation on to the 3rd Elliot wave. If it continues on its "New high trend" then I think we might see numbers as high as $30.
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There was a break in the trend line. This is no longer valid and I think the play could be over. I am not an expert and this is not financial advice