ATOM - 2 range forecast, whats up!?Hey,
This is how I see the forecasts on two different time frames... We have taken off with a harmonic pattern... one level higher than the forecast for the longer range (grey trace). That seems optimistic... though could be an exhaustion peak.
The shorter range forecast is looking good to imply exponential growth.... how far does it go??? Well, scaling the blue trace to the recent correlating pull back from this harmonic pattern deeper back in time, and into the screen, we get to see that the pattern has indeed stretched vertically... also implying exponential growth forces, and increased volatility.
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Good Luck!