cypher harmonic pattern: AB=0.61 XA BC=1.41 AB tp1=0.78 XA=$63 tp2=1.27 BC80$ tp3=1.6 BC=$223 tp4=2 BC=$689 shark reversal scenario: 3-4=0.61 Y-3=$36 4-5=1.6 3-4=$689
3 june. Someone have bought today 170 000 call options with a strike price at 145 dollars, that will expire today. The most reasonable point of it, that hedge fonds will close their short positions and they want to cover the losses with that call options. Also my technical analysis shows that the third impulse (Eliotte) wave is coming, that will be the boggest...
On my graphic you can see my point of view. Feel free to ask questions in comments. Going to 26 USD, then I will close a half of my position.
Contract - CME_MINI:MNQH2021 - High - 12678.25 - Low - 12646.25 Current Stats - Gap: = N/A - Session Open ATR: 195.00 - Volume: 33k - Open Int: 228k - Trend Grade: Bullish Key Levels (Rounded - Think of these as a range) - Long: 13337 - Short: 10650 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions...
Now as for my explanation: This is def. a LONG position as I've made several entries off $IPIC in the past -- each time at a lower low & each time yielding positive results. My little brother works at iPic: so I've taken a particular interest in this 'shitstock' as I was told by my brother, who attended a mandatory meeting with corporate present...that...