PROG forming a local bottom + targets

NASDAQ:PROG will be after a multi-week correction that could have up to 70% of the top ($6.20).
I'm not even mentioning the fact that an almost identical bottom formation formed in the past (2020) where we dropped -70%, it lasted about 50 days and the subsequent rise began - you get the picture, I don't believe in coincidences.

I estimate that around 1.80-1.85 a bottom will start to form which we will subsequently confirm with HH and HL (see screen).
Subsequent rise could start in early January, could end sometime in February, maybe March if fomo catches on.
First TP zone around $8.9, next up to around $11.5.

Commentaire:

btw. The red dot line at $3.04 is last LH we had, we have to get above that, create HH, if we want the uptrend to begin. (ofc we also need an HL)

Red box around $3 is POC.

So basically what I'm trying to say is, we have to get and close atleast daily candle above those 3$ to be bullish overall. ;)

Commentaire:

I would say big update, we might see PROG going to $1.4 (POC level), FIBO fits incredibly well.