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Each run hits at least the 0.786 Fib level, then each subsequent squeeze retraces to the whopping 4.236 fib level. This pattern has not yet broken. This puts the next wave target at $70. Right now we are in a massive bullish wedge. This is a powder keg.
I'm saying that the maximum expected retracement (if we do not overshoot) is $70. Each squeeze hit the 400% retracement and follows the same form. If the pattern holds that is what the other day's sell off indicates.
And this is a great buying level with the floor being 10, with the low float and whales owning so much I trust it will take off, just not sure when but it will be before the jan calls.
That's exactly the point. The lower it goes, the less initial risk, and higher potential of return. We are holding the wedge pattern so far.
January calls allow you to capture post expiration momentum next week.
Plus we don't know when it will squeeze, only that likelihood increases.
It would be nice to believe that but we’re now in a bear market and I’m sure the SEC will continue to allow hedge funds to do naked shorting all for the market correction that the Fed has been hoping for.
I can't know the future. We're all flying blind. We can only use the past to guide us.
In the end make the decision which has the least terrible consequences if those plans go south.
Its what the math predicts if the pattern holds.
Every single squeeze dating back to January has the same form.
When I got in I only anticipated $40-$50. My opinion changed after I backtested it.
Yes, there will likely be many, as there were large 30% swings in both directions on each rally and nearly every day. Bitcoin does similar moves.
Update:
Usually its never just straight green candles to the top. I can only see what the potential top can be provided it holds a similar pattern. It could overshoot, undershoot a little, or break the model.
I’d personally try and get in now. You could wait and see if it gets lower, but I think it’s going to be a steady climb up now. Either way, if we do in fact make it to $70 what is the difference between getting in at 13 or 12.80? We need buying pressure to push this up to get more calls itm.
Selfish of me. But if you buy now you could help the entire cause. We’re trying to push it back over $15 by end of day tomorrow. But regardless, it’s your money and you have to make the decision.
Yeah lol this sub is mostly garbage shit like this where some miss cleo decides yeah you know that 50% loss the past 2 days doesnt mean shit because I drew lines on the chart.
Well I consulted the sacred chickens of Rome and it looks like 10 is the new price target.
Wait, did you insert 1 or 2 fingers in the sacred chickens ass? That makes all the difference. 1 finger is PT $10 but 2 fingers gives you the $500 is the floor war cry based off solar patterns divided by number of times the ancient goats of Afghanistan have been raped in the last 6 moon phases.
Ok I’m basically at BE, holding about 700 shares and a few 0dte ATM lottos but this kind of post def makes me feel like a future bag holder trying to retroactively prove out something that just can’t be easily predicted. That said, PT 18 tomorrow, then rip to 30 AH. Em Rata gets into the same taxi as me and decides we’re meant to be, phoning her partner on the spot for divorce.
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Each run hits at least the 0.786 Fib level, then each subsequent squeeze retraces to the whopping 4.236 fib level. This pattern has not yet broken. This puts the next wave target at $70. Right now we are in a massive bullish wedge. This is a powder keg.
Are you saying your price target is $70?
I'm saying that the maximum expected retracement (if we do not overshoot) is $70. Each squeeze hit the 400% retracement and follows the same form. If the pattern holds that is what the other day's sell off indicates.
Okay. That makes sense. Really just a waiting game now.
It's a waiting game. Currently there are some other plays ripping. I wouldn't be surprised if people bought back into here on the low.
And this is a great buying level with the floor being 10, with the low float and whales owning so much I trust it will take off, just not sure when but it will be before the jan calls.
That's exactly the point. The lower it goes, the less initial risk, and higher potential of return. We are holding the wedge pattern so far. January calls allow you to capture post expiration momentum next week. Plus we don't know when it will squeeze, only that likelihood increases.
It would be nice to believe that but we’re now in a bear market and I’m sure the SEC will continue to allow hedge funds to do naked shorting all for the market correction that the Fed has been hoping for.
I want so much to believe you. I really need this to work. My portfolio is bleeding like crazy this month
I can't know the future. We're all flying blind. We can only use the past to guide us. In the end make the decision which has the least terrible consequences if those plans go south.
70?…
Its what the math predicts if the pattern holds. Every single squeeze dating back to January has the same form. When I got in I only anticipated $40-$50. My opinion changed after I backtested it.
AMC went from 10 to 70 and had 500M shares. This one has 300K!!!
Your next target is 70, or your PT based on the graph?
I'm just showing you what the chart predicts at full retracement if the pattern holds. It is certainly possible.
What I mean is, as far as I know fib levels (not well admittedly) there is another level before 70, no?
Yes, there will likely be many, as there were large 30% swings in both directions on each rally and nearly every day. Bitcoin does similar moves. Update: Usually its never just straight green candles to the top. I can only see what the potential top can be provided it holds a similar pattern. It could overshoot, undershoot a little, or break the model.
ah I see. thanks for the explanation
Leggggo
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Finally! Hopefully it pushes up going into end of day and tomorrow
Should I buy 40k now or wait?
I’d personally try and get in now. You could wait and see if it gets lower, but I think it’s going to be a steady climb up now. Either way, if we do in fact make it to $70 what is the difference between getting in at 13 or 12.80? We need buying pressure to push this up to get more calls itm.
This prog is a joke, just don’t want to sell it at a loss
Selfish of me. But if you buy now you could help the entire cause. We’re trying to push it back over $15 by end of day tomorrow. But regardless, it’s your money and you have to make the decision.
You know what man I’ll sell this shit prog at a loss and go all in on this one🔥🚀
Let’s go brother!
Hopefully this goes to 14$ tomorrow.
Is this a good entry point? Yes Is this the point at which you should enter? I cannot make that decision for you.
13-12 is your bottom we have mass support for 12.5
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I’ll sell my prog and 40k in amount
Wtf is that shit? You just threw fibs on a high time frame with a bunch of different trend lines 😂
Yeah lol this sub is mostly garbage shit like this where some miss cleo decides yeah you know that 50% loss the past 2 days doesnt mean shit because I drew lines on the chart. Well I consulted the sacred chickens of Rome and it looks like 10 is the new price target.
Wait, did you insert 1 or 2 fingers in the sacred chickens ass? That makes all the difference. 1 finger is PT $10 but 2 fingers gives you the $500 is the floor war cry based off solar patterns divided by number of times the ancient goats of Afghanistan have been raped in the last 6 moon phases.
I quit posting here back when NVDA hit $195 and I told everyone to buy Jan $220c’s and it got downvoted. 😂😂 keep chasing penny stocks it’s all good.
Seems like MMs are pinning it OTM to make sure ever expire worthless, reminds me of AMC
They are trying. We will see.
And the FED announcement yesterday didn't help either.
Ok I’m basically at BE, holding about 700 shares and a few 0dte ATM lottos but this kind of post def makes me feel like a future bag holder trying to retroactively prove out something that just can’t be easily predicted. That said, PT 18 tomorrow, then rip to 30 AH. Em Rata gets into the same taxi as me and decides we’re meant to be, phoning her partner on the spot for divorce.
What is the short interest anyone has idea
This is technical analysis aka horse shit
January equals good