The Painful Years of Doomscrolling Are Coming to an End:Uncovering the True Structure of Social Sentiment in
NYSE:SPCE
I have identified a descending five-wave impulse pattern, where the fifth wave forms a terminal diagonal.
Confirmation Criteria for My Analysis:
By June 22-23, the price must precisely reach the $1.38-$1.39 range, not a cent higher or lower, and then correct in the format of the 5th wave of the terminal diagonal.
By October 16-18, 2024, the correction should not drop below $0.3576 for the 5th wave of the diagonal.
If these conditions are met, it would be an opportunity to look for a long position targeting a new high above the (E) wave of the impulse and a subsequent long-term bullish trend (keep an eye on the golden crumbs).
Additional Insight:
It is possible that the 4th wave of the diagonal has already been set, and there is a slight chance that the 5th wave of the terminal diagonal is also complete. The price might drop as low as $0.36, but it might not happen until as late as September 9, 2024. Once the lows are established by September 9, 2024, they must not be broken under any circumstances. If these lows are breached, we will need to explore alternative scenarios.
Alternative Scenario:
I foresee a blood-red path, but this requires a more detailed explanation, which I will provide later.
