Long

DJT - Parabolic Move Incoming

is soon in my mind to begin the most insane of rallies. This chart for me is as clean as they come!

Recent Price Action

From the peak of October 2024 to recent days in February 2025 - the stock has seen a ~46% correction, in what is likely the completion of an Elliott Wave 2 correction (in X,Y,Z form).
This after a bullish initial Wave 1 formation saw it go beyond even the most bullish of bullish initial price targets, in just 2 weeks flat.
Price had prior to that been compressed inside a downwards-pointing wedge pattern (orange lines), since late March 2024. This is one of my most favourite bullish chart patterns. It often leads to explosive price action.
After breaking out of the wedge, it is now not-only putting the finishing touches to an Inverse Head & Shoulder pattern (grey text)... but when it does so it will also complete a massive Cup & Handle formation (white arrows).

Future Price Targets

The initial target (T1) from this move would be $570 (20x) in a very short period. Perhaps even by end of June 2025. This would coincide with the 1.414 fibonacci level. Drawn from its initial introduction to public markets to its peak just weeks later.
Thereafter, an extended 5th wave target of $1,020 (43x) could be reached sometime around late November 2025 and January 2026. This coincides with the 1.618 fibonacci level (darker blue T2 line).
Price as of today has overshot the 0.382 fibonacci line and back-tested the previously-formed left shoulder. It is likely to find support here on the yellow line.

Next Up...

Volume has been pitiful of late. Watch it ramp-up again in the next few days, just like we saw in September 2024 when it completed its full retrace.
It is my expectation that we will see rest of the markets surprising bears, with a huge reversal before March, perhaps even combined with a significant dollar devaluation.
During this time when volume picks-up, a sharp reversal to the upside out of its latest wedge (dark red lines) is possible before the week ends on 28th February. If this occurs, this will likely confirm the end to Wave 2 of 5.
If there is any further downside to come, the absolute worst case scenario will likely be ~$18 - coinciding with the 0.238 fib. However this is not expected, just something to be wary of.
DJT from here is ready to begin the most volatile of Elliott Waves, Wave 3. If volume persists, price will be drawn like a magnet to the horizontal sloping trend line in bold white.

Possible Elliott Waves

Wave 1 - $12 to $55
Wave 2 - $55 to $24
Wave 3 - $30 to $570
Wave 4 - $570 to $175
Wave 5 - $175 to $1,020

Ridiculous targets, right? So what could be the catalyst?

With the appointment of Kash Patel, we may now start seeing legal action taken against entities & individuals involved with naked short positioning. DJT even in it's short history has been a prime target for this since 2022.
DJT may be partially or heavily-involved with the Sovereign Wealth Fund being discussed for the United States.
DJT may also complete the long-rumored acquisition of Bakkt Holdings (BKKT). Perhaps even obtaining a minority stake in TikTok.
Short squeeze, M&A, fraudulent recovery, purchases of ETHUSD or just plain old organic price discovery - you pick your poison. But if you thought you'd seen DJT reach its peak prior to the elections, be prepared to rethink your views.
DJT has a LOT of room to the upside still from here. Make sure at the very least, you keep this one on your watch-list.

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Note: This post was originally published on 2nd November 2024 in the lead-up to the election. It was popular but was hidden due to an error on my part including a private indicator. It has now been updated to account for recent price action & timing.

DigiDavid

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DigiDavid