Bearish price targets are also sell targets for bulls.
Bullish price targets are sell targets for bears.
Basically, price targets are relative to your trade.
If confused, please ask.
Why are we talking about bears with WOLF?
#1 answer
Sharp Downtrends
And support trends trading in a bearish direction.
#2 answer
Gaps to the topside.
#3 answer
RSI still bearish
In an ideal world, price might project something like the guideline I've drawn.
Don't follow this guideline, it is more for me to backtrack and correct errors. On top of that, I create a lot of charts, and to remember what I was seeing on a chart, multiple months in the past can be nearly impossible. However, it is there to show you a one of many potential movements out of these trends, I often draw the most natural movement, which doesn't always align with reality. Instead, focus on trend breaks and price targets.
Earnings on the 24th of FEB.
"Hungry Like the Wolf
Duran Duran
Darken the city, night is a wire
Steam in the subway, earth is afire (do-do-do-do-do-do-do-do-do)
Woman, you want me, give me a sign
And catch my breathing even closer behind (do-do-do-do-do-do-do-do-do)
In touch with the ground
I'm on the hunt, I'm after you
Smell like I sound, I'm lost in a crowd
And I'm hungry like the wolf
Straddle the line in discord and rhyme
I'm on the hunt, I'm after you
Mouth is alive, with juices like wine
And I'm hungry like the wolf
Stalked in the forest, too close to hide
I'll be upon you by the moonlight side (do-do-do-do-do-do-do-do-do)
High blood drumming on your skin, it's so tight
You feel my heat, I'm just a moment behind (do-do-do-do-do-do-do-do-do)
In touch with the ground
I'm on the hunt I'm after you
A scent and a sound, I'm lost and I'm found
And I'm hungry like the wolf
Strut on a line, it's discord and rhyme
I howl and I whine, I'm after you
Mouth is alive, all running inside
And I'm hungry like the wolf
Hungry like the wolf
Hungry like the wolf
Hungry like the wolf
Burning the ground, I break from the crowd
I'm on the hunt, I'm after you
I smell like I sound, I'm lost and I'm found
And I'm hungry like the wolf
Strut on a line, it's discord and rhyme
I'm on the hunt, I'm after you
Mouth is alive, with juices like wine
And I'm hungry like the wolf
Burning the ground, I break from the crowd
I'm on the hunt, I'm after you
Scent and a sound, I'm lost and I'm found
And I'm hungry like the wolf
Strut on a line, it's discord and rhyme
I'm on the hunt, I'm after you
Mouth is alive all running inside
Songwriters: John Taylor, Simon Le Bon, Nick Rhodes, Andy Taylor, Roger Taylor. For non-commercial use only."