I laid some of these lines months ago lol (green, white, blue dotted). Upchannel fractal (gray dotted line) from weeks ago hit exactly. It's pretty tippy, can't wait to see us puncture straight up into this target B).
Look at that beautiful divergence!
You already know what it is... Nailed my SPCE fractal peak call:
Another UVXY spike call under the belt. Let's see how close this peak hits to the center! OG Idea:
Been awhile since I put out one of these. Was overdue for an update.
Follow along on this 14D SPCE Launch! What a beautiful takeoff from our green growth trend fractal all the way up to exactly KISS the third growth fractal iteration. I dunno what it is about this stock but fractal theory has now called two peaks exactly on the nose: I think SPCE will follow the market back down but I don't think we'll ever see the Value...
We're still well below there it may fall short but it's unlikely to go over. Thinkin we probably get a retrace back to purple after this runup.
We got a false breakout today. Judging by this crazy market I imagine we'll launch out of this thing and see some rapid retrace above 1Y Peak Channel just as we did today. This thing likely to pullback soon. We'll be falling below red soon enough.
Exhaustion overthrow to new ATHs? Another 1Y Peak Trend top rejection? Winding and wedging tighter and tighter? Price Action will lead the way!
That minor dotted line support I added months ago held up far better than I ever anticipated, what a ride up that channel! Approaching do or die, breaking the peak downtrend could trigger a large spike. May start acting like a support soon which could be interesting. Look for Price Action to break the massive orange wedge early to mid feb too ;).
It shouldn't be able to push much higher than this 1Y Max Peak trend. Lots of downside opportunity and chop potential. Consecutive RW drop outs and LHs could be leanin this market bearish if pattern continues. Look for HH RW breakouts. Next week will be critical here.
Getting to the end of the potentially volatile structure, lets see how it shakes out!
Price was quite solidly rejected by the 1Y Peak Channel top. Got 4 top to bottom candles in the tiny top channel. We may run up tomorrow but next week I'm lookin for a pullback.
Top of 1Y Peak Channel as good a place to short as any...
It's not even fair, my SPCE fractals just hit on point every time lol. Literally bouncing exactly between my purple downtrend and green uptrend lines back and forth for months B). I rebought the entire 50% stake I sold off at ~33 from last spike at ~25, didn't sell this time though. Would have been nice to catch that peak today, just hard to nail the timing and...
... OGs know what's up.
APHA was my #1 Cannabis play going into this year based on the fundamentals and it's held up very well, still my #1 long term pick today (along with tangential Cannabis play IIPR). That was followed by CGC and ACB with TLRY coming in at #4. Now with my #1 and and #4 plays merging and largely rounding out their strengths and weaknesses, it is an even stronger #1...