Happy New Year VB
I was up very early and decided to watch the sunrise from my bedroom window.
"Lies your a fool, you got it wrong. ten days too early?" I can already hear in the background.
A fool yes and no.
Yesterday was the longest day "summer solstice" in the southern hemisphere and the shortest day in the Northern hemisphere.
The year should end in the climax of the longest day and start as the days begin to shorten. Today.
Somehow the Julian calendar most of the world uses, got it wrong. The romans first played with over 2 thousand years ago and it has been changed dozens of times. A Pope in the 1500's was the last to play with it and still got it wrong.
So maybe I should have said "Happy celestial new year"
I was up so early I had time to play with Patong's QUBT chart some more.
I thought you might be interested, hence my post.
It's a perfect example of a flash rise with an amazing spike.
It's like from the Crododile Dundee movie. "That's not a spike. This _ _ _, is a spike! "
It all starts from the 23 Oct low of $1.00. A series of building phases thru to 6.70.
News hits flash rise begins. It only takes 3 trading days to hit the peak of 27.15. It happened so quickly that I used a 4 hour chart to show the effect.
Your on an elevator that stopped at the 6th and then started to rise very rapidly. Your only get paid if someone during the rise, stops the elevator on a floor and pays you ( according to what floor you stop at) to get out and they take your place.
Someone stopped the elevator on the 27 floor and paid someone else $27 per share to take their place. Obviously they thought it was going much higher.
Three days from the 6th floor. Two months from the 1st floor and $1 per share.
Only one day later the elevator on a very rapid descent it stops at the 13th floor. Then. starts upwards again so far stopping at the 19th floor.
On my chart you can see the Purple FIB 1.00 to 27.15, then retraced downward past the 50% FIB in one day.
That sort of descent, in that time period sends out all types on signals.
It's like this. If your standing outside a show trying to decide whether to spend the very expensive price $270 to get entry into the next show and you see people cramming and bolting out of the exits. At the same time you see that the entry price is swiftly declining down to $135, wow. Then after a little while its back to $198.
On my chart I have a black downward FIB A-wave from 27.15 to 13.57 then a bounce to 19.88 almost a 50% bounce, then down to current price of 17.62.
So to me it indicates that by using these very very short term FIB's (which are a bit unreliable) that a short term project price somewhere around the 23-38% Black FIB and wouldn't surprise me.
It was definitely over bought and that one day spike was staggering. If that news has merit it will find a floor above the 6th floor to settle.
TSLA flash rise is still underway from 218 to 488, so far, the nature of that rise differs a little from QUBT. Not the same types of multiples and no serious pullback as yet. So can't tell as yet whether it's reached it peak.
Anyway enjoy your celestial new years day and Christmas.
cheers Lies
(20min delay)