Rolleys

Rolleys

Ah why not. A long term view combining fib and Elliot with fractals, trend lines and pure wild speculation. Will we conk out at 3rd wave or power on to 5.. hypothetical situation anything remotely like this happened..

Rolleys

No doubt one of a million other useless drawings. Time will tell huh.

Rolleys

One of many. This chart sort of speaks for itself.

Rolleys

Just an overview of my current theories. We'll see where to next. If the structure stays true to form who knows.

Rolleys

Looking good, adding some labels for better explanation. Being a RE-accumulation after the fomo/hype sell off top, the labels begin with typical distribution labels. IF all goes well, volume will drop off as the price set's a last point of support, we should then see a sign of strength leaving the range, most likely a back up to creek edge, and then a...

Rolleys

It's a beautiful view on the weekly. Decreasing volume over the whole trading range, then a spring-like pop at the end just recently. Currently testing the MA200 and a break out of the COG (bottom) looks likely if the MA200 is broken. Dunno, I like it though. I think we have a potential accumulative scheme over this whole structure and I expect a test to the top...

Rolleys

I'd speculate on this structure being distributive. Which is a contentious call, given the fervour of the FTM community and HODLers. I really hope it doesn't play out, honestly... but .. it seems very off to me. Check out the volume, no volume at all during the lower structure, but heaps on the tests to the top of the range, a lot of passing the supply over from...

Rolleys Updated 

Pinning down suspected structures.. zooming out to the Weekly chart looks to be an accumulation range overall. These are smaller local structures I'm finding within that, usually seen on the 4hr timeframe. Please, I'm by no means an expert.. just reviewing as we go along and keeping these as my own reflections.

Rolleys

It's too early to say, and, take with a grain of salt. But I think it's worth watching from here in case this is the beginning of a lateral accumulation movement. I'll be watching for more key events such as an automatic rally to the top of the structure, and over time further tests of each side. We'll have to wait and see. Clearly the stock came out over...

Rolleys

I'm by no means an expert, but, looks like the final stages of a clever offloading, smart money distributed this very nicely. It was sloped upward to convey strength, but positioned at the lower side of the volume profile so that once the distribution is complete it falls harder. The social media narrative conveyed extreme strength leading up to and over the...

Rolleys

I believe this is a much more technically sound spring, while most people incorrectly assumed the previous phase B test was a Wyckoff spring. The volume was still too high last time. Volume has reduced since then and a trend change seems to be on the cards after dipping below the TR on low volume. Fingers crossed it succeeds.