Komodo (KMD): Trend Reversal Time Frame

SUMMARY

Komodo (KMD) channeled and even the breakout doesn't assure a surge to the moon. The time extension probability is always on the table for any corrective scenario. The below chart shows a rounded price formation that would sideways crawl for a bit longer.

The blue rectangle shows the basin phase or the lateral price action stage where consolidation continues to complete. Time to this progression could be end of April to early May. In this time, the blue wxyxz would be able to complete and thus signal the potential trend reveresal.

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