Bearish Trend for WISH Almost Complete...

This will have a short squeeze one day but not until it bottoms out in the super oversold region.

WISH chart is perfect for examining Elliott Wave Extensions, which occur within impulsive structures.
Easy stock to make $$$ on if you know wave theory. My target is the green box!

I'm Expecting more downside in the short term before an uptrend...

Comentário:

Keep an eye out for any catalysts on WISH. Market makers might choose to make $4.61 (Fib extension of 2) the bottom if economic activity gets better and Q4 is green. If a catalyst brings momentum this is my mindset;
On the way up, major resistances at $7.59, $15.05, ~$20. I am targeting two gaps during the uptrend, 7.59-9.34 & 10.05-11.45. Traders usually exit when gaps are filled during retest. Yes, I still believe a squeeze is near!
The lower WISH goes, the better entries we can get. :)
Be diligent, and good luck!