This idea is written from a purely technical perspective and does not consider news and reports in the market about RED LIGHT HOLLAND.
This time I looked at the chart on daily and hourly time frame basis together.
For explanation: ORANGE = daily, BLUE = hourly. Point C (orange) I have moved a little for clarity. The blue C point is the correct one for both ABCD moves.
What is interesting here is that the daily expected target lies exactly on the target of the 2nd hypothetical assumed Fibonacci on hourly basis ( .845 CAD). Currently we are in the retracement zone of both Fibonacci. This looks to me like a nice entry scenario.
BC= Retracement (eventually not finished) CD= Push D = Next expected targets
In this sense - good luck to all of you! mophi
And please remember. Act according to your own plan. These are ideas to the best of your knowledge and belief. Nevertheless think twice and then act on your own responsibility. The ideas are a purely personal interpretation. They are not guarantees, investment recommendations or an invitation to act on them.
Reason: At the request of the Company Pending News
Comment
⋅
Consolidation within the retracement with a symmetrical triangle pattern.
Comment
⋅
Chart looks fine! Leaving the triangle upwards, coming over Point of Control Line (Volume Retracement), and Momentum is still beginning. Breakout level .365 CAD
Comment
⋅
First between target reached!
100% in 21 days!!
Comment
⋅
From a technical perspective, on an hourly basis, we've already met the retracement of the new Fibo .50 CAD.
The over-ordered Fibo on daily basis is intact. New Fibo could even put the target a little higher. Tomorrow the ETFs start.
Fits everything together :) D- shifted!!!!!
Comment
⋅
The first Fibonacci on hourly basis has been worked off. Now we are in the retracement of the 2nd Fibonacci on hourly basis. Probably this is also already over. Everything as expected. As in the big , so in the small ;) Next push ahead!
@mophi Thanks for sharing your perspective. The news this morning is very positive as the financing at .255 is only 15% below it's current trading price. As a comparison, NUMI announced on Dec 29th financing at .68 and its share price still never dropped below 1$ showing there is a huge potential for those companies in that market space. We're seeing something similar with TRIP as despite the financing news it shows a strong support level at .30, so a great time to accucumlate in my view (and I did add more this morning). When you get a chance have a look at NOVA (Nova Mentis Life) that is in the same market space, great uptrend going on there also...
mophi
⋅
@johnvee1111, Thank you for the comment and the hint. Chart looks intressting. I will do some DD on them.