I Lied, One More: $HOOD

Like the others, I think this is just a 3-wave move, with total capitulation here at the end of it. It counts deliciously. Nice breakaway gap in October for the 3rd of the 3rd, strong intraday drop in the 3rd of the 5th. Diverging here, price action is misleading as average momentum is actually slowing. I suspect $HOOD will rally with the other growth names. A good first target is the orange box.

This is peak meme material if this one rallies. It’s perfect.

HOOD


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$HOOD Potential for a Pop

Last noted here, $HOOD has struck 2 of the 3 targets. No guarantee that we’re going to get the third, but if this bull flag breaks out, we just might.

HOOD

Read more “$HOOD Potential for a Pop”


Note: When my work is first published on this website, it is made available to patrons who support my work through my Patreon account. Over time (usually after a period of a few months), I make the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page.


Gaining Some Clarity Here on $HOOD

Newly minted instruments need some initial time to pass and structure to develop before many conclusions may be drawn, and $HOOD has enough now for some predictions to be made.

I conducted my first trial analysis here and though I had no strong basis for the projection for blue b, the general shape of the structure has played out just as anticipated. We did, in fact, move up for blue b and have since created a 5-wave ending diagonal for blue c. That diagonal is now a bullish wedge, broken out. From this pattern we may deduce three targets:

  1. 61.8% of the wedge
  2. The top of the wedge
  3. And then blue wave b

HOOD

Read more “Gaining Some Clarity Here on $HOOD”


Note: When my work is first published on this website, it is made available to patrons who support my work through my Patreon account. Over time (usually after a period of a few months), I make the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page.