UNI – EXTREMELY BULLISH SHORT TERM – WYCKOFF ANALYSIS $4.6 GOAL
First off, a couple of things about this chart. It *IS* medium term, in the short term, there is a strong chance to at least get to the $4.6 price range. I would go ahead and get in right here. The small SOW event on the bottom of this means that it is going to POP HARD to the upthrust side.
While there are two different distribution models of Wyckoff continuity, the Upthrust is a guaranteed. What I am telling you is that I’m practically guaranteeing that right around $4.6 WILL COME…. This is a “nuh duh” investment opportunity right here. I’d go ahead and take majority of my profit right there.
There is another possibility that we do have a UTAD on this distribution run and price could make it all the way to $5. This would be your 2nd take profit. If UTAD can’t be had, take profit on the low side of the channel support.