Long

CLSK

Updated

Had a heavy position earlier, closed today to reduce the concentration. Will restore buys as soon as the correction will look more reasonable. Lower time frame chart in the updates

The structure is mega-bullish.

Note

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My preferred scenario is still bearish, with a triangle as the current wave. Wave E of the triangle may be over, but may be not :) Anyway, price will need to test/ break the wave A as shown on the chart and then I will restore my longs.

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We can assume an alternative scenario with a bullish triangle... But I don't see at the moment how to fit this triangle into the larger-frame structure. So, I would assign low probability to this option. IMO

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and the original idea is also still valid. Price target is 11,5

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VWAPs anchored to key points, cluster at around $12. Actually, it does not matter whether you buy at current $15 or $12, having the target at $100. This move up to test the upper boundary of the channel is a matter of time

AlphaScout360

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