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Danny cheng
@dannycheng2022
Tsla, pltr and nvdia investor. I use my homily charts for investing. Not financial advice. Tesla car owner, piano self learner. Don’t follow me as I’m stupid.
Joined August 2022
640 Following    91.7K Followers
Don’t Ignore the Bearish Yellow Candles: $RKLB’s Last 3 Weekly Signals Called the Drops (August 29, 2026) Don’t just focus on the bullish red candles. Yellow candles on the weekly chart have been more than 90% accurate. Let’s backtest these bearish signals. The last three yellow candles have been spot-on in predicting the drawdowns: 1. First yellow candle appeared when $RKLB was at $63, then it dropped to $37.57 (–40.4%) 2. Next yellow candle showed up at $77, then it dropped to $56.13 (–27.1%) 3. Most recent yellow candle printed at $120, then it dropped to $58.20 (–51.5%) Support zone currently sits at $56–$58. Watch whether $RKLB can build momentum around the momentum bar in the $65–$67 range, which is currently acting as near-term resistance!
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