A fractal path for the coming weeks? Here's ano
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Posted On: 04/12/2020 5:56:07 PM
A fractal path for the coming weeks?
Here's another interpretation of CYDY price action in terms of its growing fractal structure, which we think of as growing with geometric symmetries like a snowflake until finishing 5 waves on several dimensions, then relaxing/collapsing and growing anew.
https://www.tradingview.com/chart/CYDY/YstWdZ...t-results/
Last week's consolidation between 2.76-3.2 certainly looks like a wave 4 consolidation triangle before a punch higher. Consolidations like this are like the train pausing in station still vibrating while the nervous and exhausted take their profits, get off and trade seats with new eager passengers, unawares that such soul-shaking core wave iii/3/IIIs are eventually followed by wave 5 aftershocks just to make them feel bad for getting off too soon.
In a huge sustained uptrend like this there should be several degrees of 4s and 5s stairstepping upwards into $3.6-$5 after the central 3 of III spike from $1.4 to $3.5 a couple weeks ago. Hard to say exactly how many zig-zaggin stairsteps, but this scenario is most plausible if good results continue trickling out for a couple weeks without definitive approval. But if we get a sudden tweet from Trump or FDA emergency approval, these dithering fractals may get swamped in yes, another violent spike upwards!
Here's another interpretation of CYDY price action in terms of its growing fractal structure, which we think of as growing with geometric symmetries like a snowflake until finishing 5 waves on several dimensions, then relaxing/collapsing and growing anew.
https://www.tradingview.com/chart/CYDY/YstWdZ...t-results/
Last week's consolidation between 2.76-3.2 certainly looks like a wave 4 consolidation triangle before a punch higher. Consolidations like this are like the train pausing in station still vibrating while the nervous and exhausted take their profits, get off and trade seats with new eager passengers, unawares that such soul-shaking core wave iii/3/IIIs are eventually followed by wave 5 aftershocks just to make them feel bad for getting off too soon.
In a huge sustained uptrend like this there should be several degrees of 4s and 5s stairstepping upwards into $3.6-$5 after the central 3 of III spike from $1.4 to $3.5 a couple weeks ago. Hard to say exactly how many zig-zaggin stairsteps, but this scenario is most plausible if good results continue trickling out for a couple weeks without definitive approval. But if we get a sudden tweet from Trump or FDA emergency approval, these dithering fractals may get swamped in yes, another violent spike upwards!
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