NAS is performing to a T. Such a beautiful chart.
1. EW rules align perfectly
2. Price action rules align perfectly
3.Fibonacci align perfectly
I'm expecting this stock to explode with a vengeance.
However, we should first expect a lower low. Ideally to around 49-45.
Once again I don't recommend buying the dip. It's to greedy and you will risk too much if the pattern ends up being wrong.
Don't be stupid, wait for the confirmation.
Rather I would wait and enjoy the mathematics play out.
Buy the clean break above 60 (only AFTER) solidifying a lower low. See Red line.
If the head and shoulders pattern is correct (I KNOW, not the cleanest one!!) This will go to 125.
However, I would just play it safe and take some profit at the next big resistance, maybe 110 (+85%) and move on to hunt another victim.
/Master P.
1. EW rules align perfectly
2. Price action rules align perfectly
3.Fibonacci align perfectly
I'm expecting this stock to explode with a vengeance.
However, we should first expect a lower low. Ideally to around 49-45.
Once again I don't recommend buying the dip. It's to greedy and you will risk too much if the pattern ends up being wrong.
Don't be stupid, wait for the confirmation.
Rather I would wait and enjoy the mathematics play out.
Buy the clean break above 60 (only AFTER) solidifying a lower low. See Red line.
If the head and shoulders pattern is correct (I KNOW, not the cleanest one!!) This will go to 125.
However, I would just play it safe and take some profit at the next big resistance, maybe 110 (+85%) and move on to hunt another victim.
/Master P.
