Just as many other symbols are going up and completing blow off tops with evening stars, here is another one. SOS has went up about 400% within 4 day with a major gap and gap down to end the move with an evening star. The target is about $4.50, which is the 1.618 fib extension level of the first leg down and also the structure area of the break out. The move should be quick and swift.
Comment:
It's hard to see the exact subwaves in an instrument like SOS, however based on my analysis $5.50 may very well be the bottom as it meets the minimum requirements. The next few sessions will confirm.
Trade closed: target reached:
Target reached. I guess we all thought I was wrong including myself.
