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It's going to be a sharp start to Primary Wave 3, my wave targets:
https://www.sugarsync.com/pf/D6901894_08217417_173791
Your deadly accurate TA targets are rules applied for a bullish inverse head & shoulders pattern with a neckline at $9.20. Problem is we do not yet see the completed right shoulder high up to the neckline yet, thus the rules you used are not valid yet to call for a target high based on an inverse head and shoulders pattern that we do not yet see.
On the other hand, we can see a Elliott 5 Wave up pattern to a high of 9.2 that we can call Primary Wave 1 because we just had a Primary Wave 2 correction low enough to overlap Primary Wave 1's Wave 3 high.
Based on what I do se in the CVSI chart, I have provided targets in previous posts: Primary Wave 3 high @$35-37 and Primary 5 high at around $55-$57. But I also never showed my chart pattern until this post.
I use Elliott Wave Channel Supports and "extended" Fibonacci ratios. I always use a log scale for my y-axis pps, and anybody not using the log scale is showing a misleading chart. The nonlinear log scale allows the human eye/brain to easily see linear relationship between small number ratios and large number ratios.
So here is my chart of what I think the main wave trading will be like going forward. I really think we will shoot up strong as Primary Wave 3 begins with an extended subwave 1 and take out the $9.20 Primary Wave 1 high with this extended subwave 1. The sharp Primary Wave 2 correction portends this volatility in starting Primary Wave 3:
https://www.sugarsync.com/pf/D6901894_08217417_173791
Please refer to log scaled weekly chart (2nd chart) at this link:
https://stockcharts.com/freecharts/gallery.html?cvsi
Primary Wave 1 starts at @ $0.136 and ends at $9.20 high.
Within Primary Wave 1, there are 5 waves: Wave 1 high @ $0.68 with Wave 2 low @ $0.321, then Wave 3 high @ $2.78 with Wave 4 low @ $1.39.
Notice how the Wave 2 correction has a "triangle" shape and the Wave 4 correction has a "sharp" shape. This alternating correction shape is extremely typical of Elliot 5 waves up to make Primary Wave 1 high @ $9.20 and Primary Wave low @ $2.76, which overlaps Primary Wave 1's Wave 3 high @ $2.78.
Primary Wave 2 down has a "sharp" shape, so we should expect the Primary Wave 4 correction to have a "triangle" shape or can be a "running flat" correction, but very unlikely to be a "sharp" shape.
Previous posts show I have a Primary Wave 3 high target at $35-$37. Also on the weekly sharp we have a parabolic trading pattern. I expect this pattern to continue to at least the Primary Wave 3 high in the $30's.
Google "parabolic trading pattern" and learn more about what is going to probably happen.
Please refer to log scaled weekly chart (2nd chart) at this link:
https://stockcharts.com/freecharts/gallery.html?cvsi
Primary Wave 1 starts at @ $0.136 and ends at $9.20 high.
Within Primary Wave 1, there are 5 waves: Wave 1 high @ $0.68 with Wave 2 low @ $0.321, then Wave 3 high @ $2.78 with Wave 4 low @ $1.39.
Notice how the Wave 2 correction has a "triangle" shape and the Wave 4 correction has a "sharp" shape. This alternating correction shape is extremely typical of Elliot 5 waves up to make Primary Wave 1 high @ $9.20 and Primary Wave low @ $2.76, which overlaps Primary Wave 1's Wave 3 high @ $2.78.
Primary Wave 2 down has a "sharp" shape, so we should expect the Primary Wave 4 correction to have a "triangle" shape or can be a "running flat" correction, but very unlikely to be a "sharp" shape.
Previous posts show I have a Primary Wave 3 high target at $35-$37. Also on the weekly sharp we have a parabolic trading pattern. I expect this pattern to continue to at least the Primary Wave 3 high in the $30's.
Google "parabolic trading pattern" and learn more about what is going to probably happen.
You said: "I had us in wave 5 all the way up to the peak at $9.20 with the A B C correction which bottomed at $2.76. That C bottom really blew away my estimate for a bottom but I made a killing on waves 3 & 5 so I am still way up on my trades."
The C Wave bottom blew away your estimate of a bottom and went to $2.76, AND also most importantly, overlapped just enough with the Wave 3 up high of $2.78.
Therefore, we have an extremely high probability we are starting the larger Primary Wave 3 now, and the the last two week's correction was the Primary Wave 2 down.
Then because the Primary Wave 2 down that just occurred had a "sharp" correction, we then expect for the start of Primary Wave 3 up to be a relatively near-term sharp thrust up as the pps settles into another impulsive 5 wave pattern up to Primary Wave 3 high target of $35-$37 -» I calculated in previous posts, but it is just a probable target with the point being we are going much higher on a stronger Primary Wave 3 now.
The herd and masses psychology at this start of Primary Wave 3 is that there are significant believers/holders from Primary Wave 1, momentum traders and weak hands that bailed out during the Primary Wave 2 correction, but in addition many new buyers got a chance to buy in at very good prices and they will hold for their significant gains. As other buyers see the price go up to buy, they start piling on.
Then there are fundamentals that would be behind this piling on like we are seeing posted about the "COMPANY MAKING MONEY" with more and more marketing/ selling exposure of a really great product line. Many buyers will then come from those that try the product and believe in it and buy its stock. And of course more capital exposure from uplisting. So to me this is a Primary Wave 3 starting.
You said "I doubt any of you know this, but there were hedge fund types that committed suicide because of the implosion in their assets caused by their overzealous and ill conceived bearish position."
I did not know this and seems like a good storyline for Citron management and employees to consider after shorting CRON on the Naz puts them in the food stamp line. To step up to the Naz and pull this garbage is truly ill conceived and implicates that too many mind altering drugs must be involved.
The 10 bagger from 0.41 as you say is an actually an official ((9.2/0.136)-1=) 66 bagger for Big Wave One (the First Elliott 5 wave structure).
It appears we just had our Big Wave 2 down correction because we got the required overlap with correction low of 2.76 below Big Wave 1's Wave 3 high of 2.78. This is what makes the start of Big Wave 3 and the target ranges are thus realistically possible to predict.
Big Wave 1's Wave 3 to Wave 1 high ratio has already shown us a ratio (2.78/0.68=) of 4. Ratios of Big Wave 3 to Big Wave 1 can be anywhere from 1.618 to 4.23, so I am using a ratio of 4 because it has already occurred. That gives a Big Wave 3 high of (4*(9.2-0.136)=) $35-$37 pps. And this Big Wave 3 will not take years. Using a log scaled CVSI pps chart, the Big Wave 3 is part of a parabolic move up. Do a Google search on "parabolic stock pattern", where you will see this pattern is called the "most highly prized and sought after pattern" yielding "the biggest and quickest in the shortest amount of time".
Bottom line: This CVSI chart is a dream come true ... The most powerful Elliott Big Wave 3 with a parabolic pattern at least to the top of Big Wave 3 at around $35-$37 pps.
Big Wave 5 high can be 1.62x to 2.62x Big Wave 1 length. So for example, a Big Wave 5 ((1.62x(9.2-0.136))+36=) of $50 pps to ((2.62x(9.2-0.136))+36=) of $59 pps or at least a high probability of $56 pps on a parabolic move.
Then a correction down $35-$37 pps is still very bullish and maybe the parabolic move ends there as we move on higher.
So the CVSI chart portends these targets based on human interaction and psychology patterns in trading observed and now rule-based from over 100 years of observations.
Then again, in a specialized case, an insider can poison the plant and its game over. But this is what the CVSI chart is saying if everything goes smoothly.
Looking at my earlier posts about our CVSI Elliott Wave Count, it is very likely we are starting a Big Wave 3 up move with targets $35-$37 pps and Big Wave 5 up to $54-56 pps shortly thereafter.
The bottom pattern that confirms the starts of Big Wave 3 up is a very sharp thrust move up from the sharp thrust down we just witnessed in last weeks correction.
So slow and methodical up is not what the Elliot Wave rules portend here. It is a consistently sharp move up past the 9's that will knock your socks off. The corrections will be short-lived until about $12 pps as we March Upward on the most powerful Big Wave 3.
The psychology behind this Big Wave 3 is that there are many true believers at the point and many new comer momentum traders that see the strength of the move and hop on and pile on.
With current Bullish Wave 3 up in the cards with an upcoming uplist highly probable ... it will be normal to see fireworks here. Trade it at your peril of short-lived correction until at least $12 pps.
Big Wave 3 up to $37 pps
I did use my short cut method for a stock starting near zero. Here is the Big Wave 5 high from Big Wave 3 to 1 ratio using a Fibonacci method most likely seen in Wave 5 highs.
The last ratio between Big Wave 1 Up's Wave 3 top to Wave 1 top was (2.78/0.68) equal to 4. So 4*9.2 = $37 pps is possible for the Big Wave 3 up high.
Then (1.618*(37-9))+9 = $54 pps for the Big Wave 5 up high.
Summary: $56 pps for next big high
Note: you must put the y-axis for pps on "log scale" ... this is a nonlinear scale that allows the human eye to see similar linear relationships between small number ratios and large number ratios. Your human ear distinguishes sounds (frequencies) in the same logarithmic way. A support line drawn on your linear scale for pps is thus misleading.
Thought Process to get next big high:
Putting pps on log scale, you will see clearly the top at $9.2 pps as the top of an Elliott 1-2-3-4-5 impulse bullish wave from October 2017 low.
I think what we just witnessed in the last 10 trading days is a very bullish Elliott A-B-C correction wave where the low wave C at 2.76 overlapped the previous high wave 3 of 2.78 ... so this is just enough to say by Elliott wave rules that the correction is over.
So now imagine the pps top at $9.2 pps as a Elliott Big Wave Top 1 of a much larger scaled Elliott 1-2-3-4-5 impulse bullish wave up. This means we just finished correction Big Wave 2 down and now going on the strongest Elliott impulse wave there is: Big Wave 3 up.
If you look at the typical relative strength indicator (RSI) on a daily and weekly chart, it also confirms we are going much higher.
This is a very bullish chart.
The last ratio between Big Wave 1 Up's Wave 3 top to Wave 1 top was (2.78/0.68) equal to 4. So 4*9.2 = $37 pps is possible for the Big Wave 3 up high.
Then 2*(37-9) = $56 pps for the Big Wave 5 up high.
It's going to be a strong move up.
Bullish Correction after that can go below Big Wave 3 up high of $37 pps.
I implore you to please short CVSI.
We need buyers up above $10 pps
IGlow you are NOT an inventor.
I have two patents in engineering (MURAVEZ).
I was first to do target maneuver adaptive guidance (that included classical guidance as a subcase) and had decades of prior art to deal with. We went through the exact same exercise with the patent process that CVSI is going through.
The CVSI patent application is still on a path to become a patent.
PLAIN & SIMPLE.
When you become an inventor you will understand.
Go ahead and say you know more than me.
MONDAY is a HOLIDAY if you are in the USA
iT'S TOO FUNNY THAT you still have not reported back on your Google search of "CBD Plus Oil" or "Plus CBD Oil" or CBD Oil Plus" that is the result of branding the CBD Oil sector.
YOUR GLOWING generic Google search of "CBD Oil" and saying where is CVSI is like a generic Google Search of "Burger" and asking why Dow 30 component McDonalds is not at the top of the list. However, a generic Google Search of "Burger" does get you the Burger King company. You gave a misleading example of CVSI lacking internet presence.
CVSI has captured CBD Oil branding with its trademark product name and is making money and it will not stop making money no matter what you think.
CVSI has CBD Oil branding captured just like Burger King captured the top branding name recognition of Burgers.
Germane to the subject of CVSI is making money with CBD Oil products NOW !!!
You still have not reported back on your Google search of "CBD Plus Oil" or "Plus CBD Oil" or CBD Oil Plus" that is the result of branding the CBD Oil sector.
Your generic Google search of "CBD Oil" and saying where is CVSI is like a generic Google Search of "Burger" and asking why Dow 30 component McDonalds is not at the top of the list. However, a generic Google Search of "Burger" does get you the Burger King company. You gave a misleading example of CVSI lacking internet presence.
CVSI has captured CBD Oil branding with its trademark product name and is making money and it will not stop making money no matter what you think.
CVSI has CBD Oil branding captured just like Burger King captured the top branding name recognition of Burgers.
IGlow: Google "Plus CBD Oil" or "CBD Plus Oil" or "CBD Oil Plus"
This is the branding power of a company making money.
You posted you searched "CBD Oil" and complained "where is CVSI ?"
This is how smart you are: Your post was like searching "Burger" and expecting to get Dow 30 company McDonald's to be at the top of the list !!!
McDonald's isn't at the top of Google list with a GENERIC search term.
I am absolutely not scared one bit about anything you say. CVSI is making money and has the Branding Name recognition and search results to keep making more money ... You should try some and calm down yourself
Hey Clay put your chart on one hour increments and you will see we are at support at the 200 increment moving average ... which happens to be exactly where we had support at the lows a week ago Monday.
Stop typing bu.l and do a Google search on "CBD Plus Oil" and tell us what is wrong with this branding and exposure on the Internet?