Ride the 3rd of the 3rd

2023年2月1日

Chart is presenting a great Elliot Wave Structure. Theres a good short interest on the stock. Possible short squeeze.

Wave characteristics -

Wave 1 (Complete) - Very good looking wave without any overlaps. nice Fibonacci relationships within sub waves. 3rd was nearly 2x of wave 1. Wave 4 was .23 of wave 3. Wave 5 was almost perfect .382 of 1+3.
Wave 2 (Complete) - Spot on .618 of Wave 1
Wave 3 (Underway) - wave 1 looks almost complete. The slope is getting steeper. Its looking really good.

So plan is take an entry at wave 2 of the 3rd. I will wait for the price to drop sharply and break wave 4 for the entry. I have set up multiple alerts and would like to see how wave 2 of 3rd unfolds. Cut loss level is at invalidation level at bottom of Larger wave 2 ( the red line). Play it however you want through options or outright. 3rd of the 3rd is always a great option play because its very fast and explosive minimising risk of Theta Burn.

Appreciate comments and feedback.

This is not financial advice. I am just a degenerate Gambler so please wish me luck.

2023年2月9日

注释

1of 3 looks complete. completed right at the 24 channel conferencing with the larger base channel. Looing for entry in 108 or 103 area.