LOOM is in a consolidation of  bull pennant right now.

If it breaks out above .22, there's a very real possibility of reaching .33460

FET looks to me to be in a consolidation for the 5th wave movement. if it breakout above .95 and and holds above 1.01, it could push up to 1.45 then possibly 1.86.. If it goes parabolic, 2.10

You're prediction might make sense on a longer time frame. I only did the fibs on it using the wave count where I believe they are right now...