Super wild chart. Don't get me wrong - despite the bullish divergence in MFI + RSI, I think it's hella ugly (candle-wise, at least). When I developed the MA strategy I use in all my posts, I documented (still do) certain setups & patterns to determine super alpha trades vs. the black swans rejects. I normally wouldn't post anything that'd make me look like that guy that does a wave pattern w/ the target entry either 2000% above / below the current price, so this one is a first (not 2000% gain but, definitely far-fetched). I have at least 15-20 types of definitive reference patterns based on maybe 4-8 broad categories (white curve of 55 low MA, color drops (typically > -5% drops), bruised re-traces (180WMA below 789WMA, etc.,) I've seen a few like $BAK with some similarities but also a few differences. Originally wanted to categorize the setup as "Holy trinity". The bounce / up-sides in any pattern react the same - but since 20EMA & white curve are 2 most important aspects of the setup in general, it's not often they bounce almost perfectly off 2 different minor averages as a firm support level. Super complex, hella rare, but easily recognizable for me. 85% success rate of seeing 200%-223% up-side (if all else equal), but since I only have a handful of references w/ respective differences, maybe 60% will see LT price target within a reasonable amount of time to generate max alpha. Although this isn't the exact match, the 2nd most important concept in all my posts is the white curve (55 low MA). For that to bounce off of a higher level than 20 EMA, most definitely represents bulls-strength - especially if remaining above minor (lower) MA's. If it weren't for the recent gap-up, I most likely wouldn't have looked twice @ the chart. Long story short - 200% -223% target for me. Green line above 200% (below 223%) is short entry, & marked short target as well just based off today's glimpse. I'll look through some examples just to clarify - Sorry but not too sorry for the extra-ness
