X - This Stock Looks Dead! (Or is it?) Part 4 (last one)
Ok , if you've followed along with the charts to this point we can talk about the wonderful possibility of our 2nd chance to load
up again on this stock. If you don't own any stock, be patient, we will see lower prices. But not just yet.
Looking at the chart we see what appears to be 3 waves up and now X is making a small triangle wave 4 pattern.
This usually happens before the final wave 5 move up. Possibly as high as the "high?" label.
At that point some kind of news will probably come up and disappoint investors. Traders will begin dumping the stock,
and everybody will feel like "Oh crap! Not again!" as the stock collapses downward again.
I've seen this happen so many times, I just simply expect it. Not a surprise. Plan for it.
There will be a retracement. Only this time we will be ready as the stock comes down to the buy line.
Obviously, I just forecast some possible moves into the future as shown with the blue harmonic pattern.
Nobody knows exactly the high price, but plan on another "Bad News" panic again right after the high is put in.
Only this time, price will not fall lower than the previous low near where we bought.
In Fact, I'll look for a nice strong up day to sell my shares... looking for the 5th wave high soon.
Then Short , and retrace price down to target buy line.
Then we'll buy!
Long term BUY
up again on this stock. If you don't own any stock, be patient, we will see lower prices. But not just yet.
Looking at the chart we see what appears to be 3 waves up and now X is making a small triangle wave 4 pattern.
This usually happens before the final wave 5 move up. Possibly as high as the "high?" label.
At that point some kind of news will probably come up and disappoint investors. Traders will begin dumping the stock,
and everybody will feel like "Oh crap! Not again!" as the stock collapses downward again.
I've seen this happen so many times, I just simply expect it. Not a surprise. Plan for it.
There will be a retracement. Only this time we will be ready as the stock comes down to the buy line.
Obviously, I just forecast some possible moves into the future as shown with the blue harmonic pattern.
Nobody knows exactly the high price, but plan on another "Bad News" panic again right after the high is put in.
Only this time, price will not fall lower than the previous low near where we bought.
In Fact, I'll look for a nice strong up day to sell my shares... looking for the 5th wave high soon.
Then Short , and retrace price down to target buy line.
Then we'll buy!
Long term BUY
We're getting ready to load up and buy long