This DD is using Elliot’s Wave Theory.
In Elliot’s Wave Theory the following rules must hold true for it to remain valid.
The bottom of wave 2 does not retrace more than 61.8% of the gains from wave 1Wave 3 is the largest and most powerful wave which often extends wave one by a ratio of 1.618:1Wave 4 typically retraces less than 38.2% of wave 3
If these hold true, my prediction is that wave 2 bearish trend will reverse at $11.8. Wave 3 will reach $18.56 which is in line with several analyst predictions that the medium target price is 18.3-18.6.
and a correction wave 4 will drop to 17.28. After which there will be one more bullish wave 5 before a long-term trend reversal (bearish).
Not financial advice, but I imagine the price for Wish will hit a high of 18.56 near the 16th of July (or sooner) and will have one more peak soon after before correcting.
More info on Elliot Wave Theory: [Link](https://elliottwave-forecast.com/elliott-wave-theory/#wave-1-and-wave-2)
Edit: Obligatory I’m a stupid ape, I like colorful lines, and I like the name Elliot.