This may setup as a H&S or triangle that will lead to good continuation. I know I'm thinking way ahead, but it's always good to anticipate.
Next week will start off red when we will descend in the C wave of expanded flat.
We formed a triangle after coming out of Dec 18' bottom. A triangle is a warning that we are entering the last wave of a cycle. This is going to culminate in a blow-off top up until April 1st. Expect a crash to follow, that could take us to 17' lows. Alot of people think we are in a wave 3 of some degree. This is possible but unlikely because of the triangle...
Very possible we topped last week and are in an impulse down to complete C of flat. Today was wave 2. I would not short this market though there is just too much bullishness rn.
I was wrong. The market is very bullish rn. Shorting is very risky. I think are in a the B wave of an expanded flat.
This market is going to 4000 easily over the next 1.5 years.
Lot of volatility now. Looking at a broadening top formation before we head down in summer/fall.
This stock has produced enormous gains. There is still some more juice in the tank.
I made a previous post about a blow-off top. I think that is premature. Right now I think we still have to retest the Dec lows or close to it. watch out for the head and shoulders pattern.
I've changed my outlook, and am now extremely bullish until Summer of 2021. We are in the beginning of hyperwave 4. If you know anything about hyperwaves, the 4th stage is where stocks go up the fastest.
Currently, almost complete b of 5, once complete should have one more high before we start a higher degree 2nd wave.
This is actually a better wave count for LJPC. As you can see we completed 5 waves up and are currently in wave 2.
In wave 4 currently, going down with the rest of the market.
Wave B is completed in the form of a WXY Zigzag-zigzag-flat. We are now in the C wave. I believe this C wave will take along time to form. We may get one more bull trap/rally to hit the upper trendline of the triangle as part of wave 2 of C before falling in wave 3 of C.
Today we formed a flat, this will be followed by a c wave down to complete A of 4.