AI - August Target Nearly Hit ! 🐻🐻🐻Just a continuation of my previous idea for AI that I posted back in August with a target of $20 and almost in February we're nearly there 😀.
And I'd just like to take a moment to reflect on the nasty comments I received (I'm over it). One commenter I can't remember his name ( @alex_21xx, ) even said something along the lines of "i think this technical analysis is trash" - I did notice not he or anyone did come back to my thread...
Anyhow $20 was a target for review not necessarily to buy and it did assume a 3 wave correction.
And now after review with this recent downside acceleration it is starting to look like a devastating Z wave capitulation may be on the cards to hit the 1.618 extension @ $8 area which could overshoot passed that point in a selling climax!
That said I will be watching for a strong reaction around the 1:1 @ $20 area and we're not there yet, but I think chances are that there will be another leg down.
See you at $8 🔥.
Not advice.
