Just a little more patience. I believe we are nearing home plate. I still think we start to move this week as I said but it could be next week.
I posted all the long term trends and patterns. Long term trend broken. Cup with handle etc. but this is something I've been following as well. Much shorter term.
Two red arrows to left show resistance we seem to hit regularly.
The blue lines, minus the runs, appear to be identical head and shoulder bottom reversals only the second has grown in size.
The purple arrows show two identical candles at the end of the h&S bottom reversals. The first starts a period of accumulation. We may see that as well on the second the duration of which is anyone's guess.
As long as we stay above the 50ma and no lower than the 20ma we should be good to go. I think we stay above the 50ma seems to be the pattern.
The first red arrow in MACD shows the crossover before the run, same can be said for beginning of the second run.
The first red arrow also shows a crossover very near the purple candle to start accumulation but it's barely noticeable. Because the new pattern is much larger on the second we can see the crossover more clearly and it also comes around the second purple candle.
The first run was about a 3 bagger. The second around a 4 bagger. If the next run holds true it should be around a 5 bagger. From where we are that would be around .30 to .35 which coincidentally puts us right at the mark I showed on those much larger long term weekly charts spanning multiple companies. Just more reinforcement of those charts and the long term weekly patterns.
I guess we'll see what today brings. I still very much believe it's coming but timing just can't be gauged. I think we're close.
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