So I've been working on this for a couple hours literally dissecting this to the smallest parts. I've crossed checked with major indicators multiple times, finally coming across the fact that the previous channel wasn't perfectly aligned (the connecting point was so difficult to find!). I have now paralleled it the way it was intended and discovered a couple things which I believe you should know.
– Now there's some legroom below, which makes this only a great opportunity to accumulate.
– It explains the sudden reversal with the new weekly candle after last week's run.
– The second parabolic swing, this time, is calculated towards trend line 'B' with the connections being monkey-bar lows and tops (not averaged!). The destination of said parabola is 100% natural in movement and has not been messed with. While this still won't guarantee you a definite "arrival" to 'B', it's still great to know where to aim for.
– Added the FOMO indicator for you as a great way to reveal momentum build-up before breakouts.
– The stock is currently at the bottom B-Band which rates it "safe to trade". Ultimately you'll witness a weekly candle crossing of the lower band line and reverse (without the B-Band broadening), and that will be your "last bottom" signal.
– This whole update has now shifted possible triggers. Trigger 1 is new and could indeed be the one, but since the whole performance after the last surge is different from the first build-up (in every way!), I'd recommend caution. Those looking for 'confirmation' should look for a triangle breakout signal such as in May 2017.
– Trigger 2 is still a viable option, as the build-up towards a definite breakout-signal could be a little delayed (and swayed sideways).
Hope this helps. If there's enough interest I'll make a more zoomed-in analysis (Daily/Hourly) to reveal the accumulation bottom. Drop a comment.
– Now there's some legroom below, which makes this only a great opportunity to accumulate.
– It explains the sudden reversal with the new weekly candle after last week's run.
– The second parabolic swing, this time, is calculated towards trend line 'B' with the connections being monkey-bar lows and tops (not averaged!). The destination of said parabola is 100% natural in movement and has not been messed with. While this still won't guarantee you a definite "arrival" to 'B', it's still great to know where to aim for.
– Added the FOMO indicator for you as a great way to reveal momentum build-up before breakouts.
– The stock is currently at the bottom B-Band which rates it "safe to trade". Ultimately you'll witness a weekly candle crossing of the lower band line and reverse (without the B-Band broadening), and that will be your "last bottom" signal.
– This whole update has now shifted possible triggers. Trigger 1 is new and could indeed be the one, but since the whole performance after the last surge is different from the first build-up (in every way!), I'd recommend caution. Those looking for 'confirmation' should look for a triangle breakout signal such as in May 2017.
– Trigger 2 is still a viable option, as the build-up towards a definite breakout-signal could be a little delayed (and swayed sideways).
Hope this helps. If there's enough interest I'll make a more zoomed-in analysis (Daily/Hourly) to reveal the accumulation bottom. Drop a comment.
