$NOW (daily chart) - TP 2 done... Almost! Correction next?ServiceNow, Inc.BATS:NOWColdBloodedCharterNOW (ServiceNow) 1D update I always feel a bit of internal resistance when people say you can’t sell the exact top or buy the exact bottom. Maybe that’s because somehow I’ve been managing to do it quite regularly - not always, of course, but often enough. Here, I managed to catch almost the exact bottom (less than ~3% from the absolute low), and I also got a nearly perfect entry on the first corrective pullback, basically at its local bottom. Unfortunately, yesterday I missed the second take-profit by literally less than a dollar ($140 limit order), which was placed because we have a declining 200 MA on both the daily and 12H timeframe around $141. It’s slightly annoying, but explainable - investors/swing traders saw the same $140 level and front-ran it, selling slightly earlier. Classic behavior. It happens. In any case, RSI is now extremely overheated - 92.6 on the daily and 96 on the 4H - clearly showing the end of a wave 3 in Elliott structure after the bullish trend reversal. So a correction is inevitable. The key question is when and how deep. In my view, the correction is already starting, and pre-market already shows a 4 - 5% drop from Monday’s session. So yes, about 25% of profits already secured, and I’m looking to add exposure if we get a technically clean pullback (Elliott structure + horizontal support from the second chart). That would mean, measuring from the recent local high, a pullback zone roughly between $105 and $118, with strong focus around $111 - 112. That’s the area I’m interested in for adding a new tranche. If I don’t get it, fine - I’ll wipe the tears with a 62% gain on TP2. TP3 is set at $162, targeting the breakout from the wedge bottom. One more important point for investors: the last 3 months have been relatively weak in terms of insider flow. Since February we haven’t seen any meaningful insider buying, mostly slow and planned distribution-style selling. In that context, the CEO purchase from February (~$3M of personal capital) stands out a bit and feels slightly unusual. But in the end, the chart still dictates my decisions. So I wait patiently - either for the next take-profit levels or for a proper correction. After roughly +70% in just a few weeks, some cooling off is more than justified. 👽💙 #servicenow