Golem has been in a descending triangle, which knowing the context can be interpreted as a bull flag. Buy context I mean that this pattern was created by a strong runup and it corresponds with a handle from a larger cup and handle formation. I have counted the waves inside the triangle using Elliott wave principles and I have counted and an ABC Zigzag, followed by another ABC 3-3-5 in the opposite direction, and then an ABCDE which are all components of a double three correction labeled WXY.
After the target was meat, I would expect the price to breakout off of the triangle from the upside and create new highs.
After the target was meat, I would expect the price to breakout off of the triangle from the upside and create new highs.