Desktop Metal Elliot Wave completion - target $40

I am working on trying to learn Elliot Waves, here's my feeble attempt. I have noted the corresponding Fibonacci levels, which appear to coincide with the "rules", as well as impulse and correction waves within. Price is currently at the 50sma, lets see if it holds. KDJ and RSI also appear to have reached recent term bottoms. I will be opening a position in the A.M. Let's see how it goes. Constructive criticism welcome.

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Clearly the market has other plans. I added to my position yesterday, looks like I will be adding more here.

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Warrant shares were redeemed. Hopefully this signals a bottom nearby.

www.businesswire.com...-of-Public-Warrants/