Very nice start to the day seeing my $JASMY position up +71% right now and at one stage up +88%, I shared in the chat group that $JASMY accounts for 2.5% of my total portfolio, so being up this amount in just 10 days from our first buy is something I am very happy with.
Two points of interest:
We got a parabolic move, which suggest to me that this was a wave 3 move, so I believe that this was subwave 3 and the the pull back now is likely subave 4, so I have added in the white fib levels to show where support will come, with the 0.38 Fib always the target for a wave 4.
The price action burst through the 1.618 Fib but respected the 2.618 Fib very well and that offered resistance.
So the ideal area to add again is at $0.035 once we see a hold and this will set us up nicely for Subwave 5 up to $0.051.
I have a larger time frame $JASMY chart so, please check that out to see the larger Wave targets, which are still accurate.
Joey Bone
2024-12-03 13:17:04 +0000 UTC