ASTS - ~ $125 possible
ABCDE inside a rising channel = bullish continuation
This usually breaks upward 80% of the time.
Why?
Because:
A = first rejection
B = bounce
C = main low
D = retest high
E = final corrective sweep
E is ALWAYS the last drop before the breakout.
E waves LOOK bearish because:
✔ they’re slow
✔ they drag down
✔ they flush weak hands
✔ they trap shorts
The current pullback is landing EXACTLY where E should land, price is pulling back to:
- Rising support line
- Mid-channel confluence
- Prior demand zone
That’s exactly where wave E belongs.
If E completes, your breakout toward $95 → $140 becomes the next target.
INVALIDATION (Hard Stop)
**If ASTS weekly closes below:
➡️ $48–$50 = Exit**
This means:
Rising channel breaks
E wave fails
Structure turns bearish
PERSONALIZED SUMMARY:
If you stick to:
- Buy the dip into the E-wave zone
- Stop under $48
- Ride the breakout to $96 → $140
- Respect the weekly structure
These observations are for educational purposes only. chart analysis — nothing here is financial advice. Please always do your own research!
