Predicting Future Price Targets
In the last correction, it took 6 days for the run up to top out at the last ATH $9.74 (beginning from when the price started gapping above the Bollinger Bands).
When we measure from the bottom of the dip to the last ATH ($4.56 - $9.74), duplicate the measurement, and reposition it start at the close of the last ATH ($9.27), we end up exactly where the price landed after 6 days the beginning of the most recent run up. What is denoted by the purple box is further pumping of price due to MVIS news.
If we use the same technique starting from the dip to the ATH ($10.12 - $24.18), duplicate the measurement, and reposition it at the close of the ATH ($23.71), we get a price target of $37.77.
We are currently at day 6 of 8 after the Bollinger Band contraction.
When we measure from the bottom of the dip to the last ATH ($4.56 - $9.74), duplicate the measurement, and reposition it start at the close of the last ATH ($9.27), we end up exactly where the price landed after 6 days the beginning of the most recent run up. What is denoted by the purple box is further pumping of price due to MVIS news.
If we use the same technique starting from the dip to the ATH ($10.12 - $24.18), duplicate the measurement, and reposition it at the close of the ATH ($23.71), we get a price target of $37.77.
We are currently at day 6 of 8 after the Bollinger Band contraction.
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