Well this is an exciting day! Many of us predicted that this Parabolic pattern would repeat itself, and it did! A 47% retracement has been achieved at around 0430 2/23/21 EST. If this pattern continues o hold true there will be one last ripple of upwards volume and then a double bottom. Now, this double bottom will be a range between .35 - .32, with every real possibility that it could go lower than .32 as it did this morning!
As for the next height... that range can be anywhere from .43 - .5, the reason it is so large, is because the drop to .32 was so large and there might be a larger bounce because of it. I think .43 is a very safe short point that could be reached as early as today, or as late as tomorrow. Then the final retracement, at the boarding station with tickets to the MOON!!!
As for the next height... that range can be anywhere from .43 - .5, the reason it is so large, is because the drop to .32 was so large and there might be a larger bounce because of it. I think .43 is a very safe short point that could be reached as early as today, or as late as tomorrow. Then the final retracement, at the boarding station with tickets to the MOON!!!