QYOU seems to have corrected enough to just above the 61.8% retracement It might have started wave 3 of 5 now to reach about 0.7
Potentially +100% in wave 5 Log scale Seems to have completed wave 3 and now a wave 4 passed with time instead of price action
It seems wave 2 in (5) completed and now we move higher to complete 4 and 5 during the first part of 2022
The descending triangle (bearish signal) has played itself out confirming it's break below support and and is now forming a descending wedge (bullish signal). This pattern is confirmed with 3 reaction highs and 2 reaction lows (lower highs, lower lows). The daily chart looks primed for a breakout, the hour chart looks exhausted and may need a pull back. Will be...
Initially investors believed a cup and handle formation was forming on QYOU. Amazon news was dropped at an opportune time on the handle but seemed to fall on deaf ears and began forming a descending triangle.
QYOU keeps on giving good news in terms of brand deals with big companies, but it is not reflected in the stock price. This week could be key for the stock, if we close above 0.34 it could be the breakthrough, if we stay under, the stock will probably move under 0.30.
Elliott wave projection target 0.735 We seem to be starting wave 3 now target 1.618 fib extension of 1 from 2 Good luck
TSXV:QYOU Hi everyone, In this stock pick analysis we will review QYOU & ARKK price action perspectives. As a bonus I will also show my trade on NIO because it look similar to QYOU's price action. Let me know if you have any questions around this and feel free to ask other assets you want me to review! Kind regards, Noel