I've been trying to wrap my head around the movement with the $9.50 spike recently from an Elliot Wave Theory and fibs perspective. The closest I've gotten to making it all make sense is that we just had a crazy wave 4 correction and this low of $7.24 works out fib wise with wave 1. We also have 4 divergences in our favor.
Let's see how this theory holds!
Let's see how this theory holds!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.