This one is showing a clear accumulation pattern at the bottom. I've been adding around the POC (point of control = price traded with the highest volume). I didn't get in at the break of this 4h flag but when we make another 1/4H flag I'll be entering on a leveraged short term trade with targets given by fibs that match volume profile as well.
This chinese tech stock is in a very good place in the weekly cycle. It finished correcting, started to breakout and more recently retraced 50% giving me a chance to reenter. A 100% upmove is the least to be expected in the next year.
Take 5 minutes to understand this chart.
We are very likely in a weekly early stage 4th wave in the context of a monthly bull cycle.
On the left (4h chart) you can compare the lesser (daily) degree impulse's constituing 4th wave and a projection of what this bigger also 4th wave correction would look like if it were a simple zig zag.
On the right (D) it's shown a...