Testing/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
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Zoomed in: We have a possibility of one more leg down abt (-30%) or breaking out of this channel for a gain of 2-4.5x. We will either top out around $40-90 RR is about 1/3
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How I would play this; Enter now and dollar cost average down if it goes to the last leg down. Not financial advice lol