Jan. 13 at 11:03 AM
$ELBM If December's dip was the bottom, it indicates that a weekly double bottom is in progress, with a neckline at
$8.70, the high of October, and a potential target of ~
$16.60, if validated. There appear to be liquidity air pockets above
$2.70, marked by shallow VRVP bars over this level, which may lead to an acceleration when the price tops it. As a near-term target, a falling wedge on the daily chart, the upper boundary of which was surpassed last week, projects a level around
$1.10, if validated (not advice, just pattern probabilities)
