Megaphone on the daily if 200MA is broken

Updated

There is a gap that needs to be filled in 12 - 9.5 level. Invalid if 200MA is not broken in the next week or 2.
This megaphone breakdown will be the fake breakdown to the huge wedge we have on the daily, the final tree shake. It will be followed by strong buying as soon as bottoms.
Not advice. Do your DD. I'm long & doubling my position if we get to that level.

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Currently the price completed wave 1 & 2 of the decline; Now halfway through wave 3. This leg will be the BC. A being @ 13.41, B @ 23.04, C @ the gap fill.

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200MA has been broken. If you have cash then get it ready.

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Currently we are at a very strong support line. Breaking this line will invalidate that this is a double bottom ABC. We have touched the support on Friday and bounced slightly.

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Now undergoing wave 4 by creating a rising wedge with low volume supported by retail.

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Extremely important week this is. Below are some targets for the bottom, if we reach any of the targets in the specified week then we have most likely bottomed. This would present a good long term entry for potentially > $185

Week of 26th July: <11
Week of 2nd August: <10
Week of 9th August: <9

I would personally enter with full position if any of the above targets is reached within the time specified. Good luck. I will not be updating the idea anymore.

Again not advice. I'm not responsible if this turns the other way.

Alamhela

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