Strictly off technical analysis, and not financial advice. Possible diamond bottom. Expecting to move back into the wedge one last time prior to break out. May have already missed the move up, but set buy order for $38.25 w/ stop under current higher low trend lines at $36.49. If correct, expected move up to origin at $44.26. Set limit at $43.14 which is another...
Not financial advice. Just practicing reading wave and subwave counts. Possible leading diagonal wave starting move. if so, we should be coming to subwave 5 of bigger time frame wave 3. Expected price target to be equal to subwave 1, which is between .618 and .786 of fib extension of subwave 3 (common target areas). Makes sense in my head, but hard to type and explain.
This is not financial advice. First attempt at predicting a wave. 1 - first impulse move. 2 - retracement that did not pass the start of wave 1, and is a zig zag pattern. 3 - extended impulse move. 4 - retracement that did not enter the territory of wave 1, is a wedge (different from wave 2), and because wave 3 was extended, tends to give back up to 38.2% of move...
This is not financial advice. This thesis is exclusively based on technical analysis without catalyst. Bullish trend expected to continue and hit new highs as long as volume is high. Stop loss set at closest support.
This is based on chart analysis only. absolutely not financial advice! XXII is squeezing and looks like it is ready to break out. On the 1 minute chart it is very bearish, but could break out to a higher fib level. This would possibly be my bracket if the 9 EMA uses the 200 EMA as support. Any feedback on this would be appreciated.
Strictly basing trend on fibs and squeeze. Looks like it will hit support at the fib/trend line cross, then bounce back up the the next fib and possibly more. Any feedback is greatly appreciated!
