AUTL - Probable Accumulation With Pump Potential
AUTL is a big deal in medical innovation.
If their lead cancer product "Obe-cel" gets approved then it may pump.
On the chart this area is likely to be an accumulation unfolding.
We've has a 3 wave move up as we've seen many times in crypto already.
A 3 wave move up is corrective and so it is likely that we'll even see a Golden Window retracement $2.23 - $2.89.
But also possible is that we may see a slightly lower low ST Secondary Test.
We'll see how it develops and if more clues arrive.
The 3 wave pattern was a 1:1.618 extension GW.
This is a strong ratio and this may at least be a clue that this is an accumulation, not a continuation pattern.
And it increases the odds that it bottoms in the retracement GW rather than a Secondary Test...
But it could really be either outcome.
So this trade is buying an area with a long term view.
My first buy point is within the Golden Window $2.23 - $2.89.
And i'll consider that a second buy point below the low @ $1.60 may be possible.
I'll look for more clues as it develops 😼.
Not advice.
If their lead cancer product "Obe-cel" gets approved then it may pump.
On the chart this area is likely to be an accumulation unfolding.
We've has a 3 wave move up as we've seen many times in crypto already.
A 3 wave move up is corrective and so it is likely that we'll even see a Golden Window retracement $2.23 - $2.89.
But also possible is that we may see a slightly lower low ST Secondary Test.
We'll see how it develops and if more clues arrive.
The 3 wave pattern was a 1:1.618 extension GW.
This is a strong ratio and this may at least be a clue that this is an accumulation, not a continuation pattern.
And it increases the odds that it bottoms in the retracement GW rather than a Secondary Test...
But it could really be either outcome.
So this trade is buying an area with a long term view.
My first buy point is within the Golden Window $2.23 - $2.89.
And i'll consider that a second buy point below the low @ $1.60 may be possible.
I'll look for more clues as it develops 😼.
Not advice.
Note
Looking good for the 0.618 @$2.89 at which point I think this is a GREAT deep value buy.
The little shooting star shows selling pressure and that is a clue that the 0.618 is probable.
Might go lower into the Golden Window as described previously...
And so you could be patient and scatter a limit order down to the 0.786 @ $2.23
If you do that then there is a good chance it does go somewhat lower than the 0.618
But the 0.618 @ $2.89 is the magnetic ratio and so it is the ideal buy point.
So you might buy perhaps 60-90% right there @ $2.89 and I think it has a good chance to be an excellent long term buy-and hold.
The 1.618 time extension which if correct signals that this may get moving on up somewhere near early Spring next year 👍.
Note
We're into the post FED interest rate cut blow off phase for risk on markets🥳.
I have many great deep value opportunities ❕
Many Trade Ideas Every Day 📈
Regular videos ✨.
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Contact: t.me/dRends35
I have many great deep value opportunities ❕
Many Trade Ideas Every Day 📈
Regular videos ✨.
Telegram Group: $50 per month 👍🏻.
Contact: t.me/dRends35
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