looks like anothe Wyckoff accumulation exit scenario. broke key resistance and retested it by bouncing off MA99 & EMA200 effectively flipping it into support.
I definitely see this going for ATH (in USD value).
@Resolute, Thanks. I'll check it out. What are you seeing in log view? I sold my stack today to buy back after 2.75 retraces.
Resolute
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@Eldal linear chart is meaningless really.. log chart will let you draw some amazing trendlines.
I do see this breaking ATH long term.
Short term - $5,2
Eldal
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@Resolute, Thanks. I would imagine the trendlines could be more accurate on log, but identifying key S/R is still reliable in regular. I'll give it a shot though. I've tried it before, but wasn't feeling it at that time. Any other tips of how you use it I will test out.
Eldal
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@Resolute, As a follow up, I remember testing out after drawing some channels on linear and they are totally invalidated when switching to log. I think that's why I stuck with linear, as I imagine most people use the default linear - which as you know, peoples perception determines their psychological decisions.
Eldal
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@Resolute, hey, i just plotted some fib extensions and am getting $5.20 also if we hit 200% from most recent impulse.
Thanks for the input keep trying