QYOU bullishQYOU seems to have corrected enough to just above the 61.8% retracement
It might have started wave 3 of 5 now to reach about 0.7
QYOU trade ideas
QYOU started wave 5 bullishPotentially +100% in wave 5
Log scale
Seems to have completed wave 3 and now a wave 4 passed with time instead of price action
QYOU potential target 1.5-2It seems wave 2 in (5) completed and now we move higher to complete 4 and 5 during the first part of 2022
QYOU Descending Wedge Pattern - Bullish Signal Formation The descending triangle (bearish signal) has played itself out confirming it's break below support and and is now forming a descending wedge (bullish signal). This pattern is confirmed with 3 reaction highs and 2 reaction lows (lower highs, lower lows). The daily chart looks primed for a breakout, the hour chart looks exhausted and may need a pull back. Will be following this to see whether indeed it does retrace to test support one more time or the breakout could be taking place soon.
Descending Triangle forming on QYOU Initially investors believed a cup and handle formation was forming on QYOU. Amazon news was dropped at an opportune time on the handle but seemed to fall on deaf ears and began forming a descending triangle.
QYOU | Make or breakQYOU keeps on giving good news in terms of brand deals with big companies, but it is not reflected in the stock price. This week could be key for the stock, if we close above 0.34 it could be the breakthrough, if we stay under, the stock will probably move under 0.30.
Qyou target 0.735Elliott wave projection target 0.735
We seem to be starting wave 3 now target 1.618 fib extension of 1 from 2
Good luck
QYOU Update... Some bullish signs developing. An update on QYOU.CA on the 1hour time frame where we see the development of higher lows on the RSI indicator and a potential cross over on the 10EMA and 50EMA. Let's see what happens over the next few weeks on this one.
QYOU (44%) Cup and Handle PatternTaking a look at QYOU.CA on the 1 day time frame we see a cup and handle pattern forming. Entry point is at $0.335 and take profits at $0.48 (last resistance). Look for re-entry if breakout past $0.48 and new support forms.
Cons:
Price below 10EMA
Price not quite above 50EMA
MACD Descending and challenging negative area.
QYOU.CA: Bullish Flag (143%), Bullish Flag (180%)Primary Target (short term):
Bullish Flag, confirmed (143%)
PT = 0.695$
Secondary Target (Long term):
Bullish Flag, confirmed (180%)
PT = 0.73$
QYOU entering another consolidation phaseQYOU's last consolidation phase started around February 2nd and lasted until February 5th. (3days)
QYOU.CA: Bullish Pennant, againAnother Bullish Pennant
Pros:
Descending volume during formation
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 7
200MA ascending
250RSI above 50
If confirmed:
PT = 0.61$
QYOU.CA: Bullish Pennant, confirmed, againAnother Bullish Pennant, confirmed
Pros:
Descending volume during formation
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 7
200MA ascending
250RSI above 50
If confirmed:
PT = 0.37$
QYOU.CA: Bullish PennantBullish Pennant
Pros:
Descending volume during formation
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 14
Cons:
200MA flat
250RSI below 50
If confirmed:
PT = 0.19$
