#VELO  

About a week ago I said that I was going to buy a big bag of $VELO and just sit on it.  

About week before that I called for an incoming correction - though my targeting was off.  I've been DCA'ing  over the last 3 days and will continue buying dips.  

Along side a strong community, the chart was fascinating to me.  

So here's my point of view on it.  First, it's a very dirty and noisy chart but I think this is the most sane.

So, lets get into it. There is not a single impulse wave on $VELO until Nov of 2024.  

We can explain the entirety of the chart as a series of corrective waves that has resolved as a WXY into an upward accumulation schematic.  

According to the literature, this 'variant denotes the most underlying strength'.  And by my count we're in Phase D - trend within the range until we get out of it.  

In the immediate short term I don't believe we've finished correcting.  (2nd shot)  

The first leg of the correction is done but given that I'm reading this as a wave 2, my strong preference would be to have a drawn out one so that we have a sharp 4.  Something like the red scenario would make sense.  Time based fibs look at Jan 23rd as a date of significance which should be the first leg of the correction.  

There's a clear invalidation point for the count and above $0.03 for #VELO will be bullish confirmation for me.  

Good Luck Legends.  Go get it.
#VELO #VELO