SUMMARY
The ABC correction for Golem (GNT) finished with a bang! The vertical wick surge in price was not sustainable, and never will be. It came right back down...however, this is a pop corn kernel popping; consider it a brief solo in the popcorn symphony. There will be many more poppings to come and not too long; a frenzy of poppings. Much of this can be discerned through patterns, Elliott Waves and MACD indicator. For Golem, the MACD was fully coiled and ready to lift prices in a breakout. I believe this is just the start of a lengthy rally into July.
The wedge pattern in price foretold the price explosion....an all time new high. This needs to correct but since it's part of a likely impulse upwards; it probably won't be the lengthy type.
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