SPCX Going Up in newly established Channel!
Space Exploration Technologies Corp BATS:SPCX
Today SPCX established a new channel that goes up!
It's also setup a 1 of a 1>2>3 move, which should bounce up to the middle of the Volume Profile on the 2 bounce, then the 3 should be at the top of the Volume Profile and VWAP. (According to what I know of Elliott wave theory, with a measurement of 1.618 to 1.786 Fib target from the wave 1 around the middle of the VWAP and Volume Profile for the 2 wave top, then that should setup a wave 3 which should approach the top of the Volume Profile and VWAP before it goes into something less predictable...)
No guarantees or anything, but that's what I'm seeing. Happy Trading!
