GudUtenTruser

GudUtenTruser

The very bottom trend line is perfectly matching up with the 50 days moving average. We're in a med-term bullish continuational pattern and stochastic RSI shows we're extremely oversold. Volume is declining as well, fueling the movement of this symmetrical triangle. Not only that, but the last time the 50 days MA was broken was in September and lasted for a couple...

GudUtenTruser

Are we perhaps looking at one of the greatest corrections in history? If this parabolic pattern carries out, we may be looking at a monstrous retracement of somewhere between 80% to 97%. We are far overdue on our correction, with both a bigger elliott wave soon closing out, with a smaller elliott wave within that wave, and now with the parabolic pattern on the...

GudUtenTruser Updated 

Following what is supposedly an inverse Head and Shoulders following a nice upward trend and a tight downwards trend, we may be able to break the trending resistance and go into the third elliott wave. In that case this'll be a good jump.