Antikythera_Mechanism

Ater Harmonics: Long Idea

NASDAQ:ATER   Aterian, Inc.
One may still pick up an entry around 6.26-6.27 around here while price is accumulating orders around this level. There appears to be a bat pattern leading to the first harmonic area; followed by a crab pattern, the main harmonic in play in this 4 hour time frame. Once the bat pattern completes, there will likely be a 0.5 retracement of the move. Then we can see sustained pressure of the crab pattern to completion. The crab pattern harmonic was barely outside the range for a gartley pattern; therefore, we must assume we are dealing with a crab. Anyway. There isn't much drawdown potential in this area so I would suggest an entry around here and continued accumulation if price does drawdown because there is a much larger harmonic at work which is threatening to move price up to the 40s. Good luck, trade safely, and let's make that money!

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