Today and yesterday saw first a slip to the downside falling below support, with an immediate recovery today.
If price stays above support then it could be bottoming in this area, in which case the slip will prove to be a fake-out.
However, just take a moment to look and see the bearish candles outgun the bullish.
It is probable this is a Primary ABC continuation pattern.
A further downside slip will probably see price form another leg to the downside.
Not advice.
ความคิดเห็น
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A very bearish star and big gap down at earnings to re-test support triggers yet another automatic rally; taps liquidity and weakens the area. It won't be too long before support breaks down. Very unlikely this is accumulation. Break to the downside coming.
Really funny comments on this page 😅
See you at $20.
ความคิดเห็น
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AI pressing down on support. Also RSI settling in lower quadrant. Good chance a rip to the downside is coming up.
ความคิดเห็น
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Well AI is at the bottom. So who is buying the dip here? Hands up?? ✋😄
I think I'll sit this one out.
ความคิดเห็น
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Any questions?
ความคิดเห็น
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Well everyone likes to write their own reviews, but this call is going very well with price collapsing 30% this week.
These long contracting continuation patterns are excellent at trapping longs - NNDM, TNXP XL and others all making similar patterns.
ความคิดเห็น
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AI well on its way to my target set in August and it might go quite a bit lower but first things first.
Another thread received marvelous support from the cocky dumb money crowd.
After earnings on September 1st, this stock should cascade down to new all time lows in autumn.
A Nasdaq correction should speed up the sell off, good opportunity to go short.
rompompol
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@wildjosh1995, its also can go up on september 1
50\50
fas-94
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@wildjosh1995, well here we are and we are sitting at 54$ you still short? :^( clown ass
@fas-94, this aged very poorly. your punishment is losing money.
Tiger_Style
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Nice call, seems like all the bulls got REAL QUIET after this name took a tumble. I'm quite excited to be getting in even at these prices, if your newer calls are correct for a bottom near $6 I'll be getting even more excited and backing up the truck.
dRends35
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@Tiger_Style, Thanks and im not sure it will get there. Could be a big bounce coming but bit early to say.
Tiger_Style
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@dRends35, I know we haven't always agreed in the past, but this is a good catch.