Catalyst on Thursday caused a large flush down in AH as the concern is that there was a public offering but my understanding is that this was already alerted to the market before, so this is not new information and this unnecessary decline may be ...
2024-04-01 18:03:08 +0000 UTC
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No changes to the $COIN chart, I can see 5 clear impulse waves now and the price action is testing the 2.618 Fib today and the 20 Day MA at $249.
This is the normal upper limit of a Wave 5.
If $BTC can run higher, it will likely drag t...
2024-04-01 17:47:33 +0000 UTC
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The US 10 Year bouncing 2.8% aggressively on the 50 Day MA is likely the cause of $PYPL, $SOFI and $SQ being red today.
PCE figures on Friday and Manufacturing data points today has caused the Treasury Yields to jump.
It is difficult f...
2024-04-01 17:43:15 +0000 UTC
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I have been intrigued with $RDDT since it IPO'd and we caught the breakout on the 25th which went parabolic.
The price action has come right back down to the low now and has since found support....watching for some sideways movement next ger...
2024-04-01 17:35:31 +0000 UTC
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$NIO March delivery numbers and the Q1 update came out today and $NIO hit their re-estimate target of 30k deliveries for the the quarter. I think this news have been baked in at this stage and probably why we got the decline over the last 10 days....
2024-04-01 17:02:18 +0000 UTC
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Mixed day today and $PYPL is getting a small pull back, so I have added in the small subwaves that I see here to add context on the structure.
We are likely looking at a small subwave 4 pull back here to the 0.38 Fib at $64.30 if the price a...
2024-04-01 16:56:03 +0000 UTC
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No changes to the chart or targets here but worth looking at this again as we are seeing signs of a reversal, as the price has held on the 0.618 Fib at $102.
What we want to see next is a higher high above $111 to further confirm that a reve...
2024-04-01 16:50:32 +0000 UTC
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$OXY has got the continuation today and we have added in the subwaves now, Wave 3 is set at the 1.618 Fib at $66.42....we always set Wave 3 at the 1.618 Fib, so our Wave 4 aligns with another retest of the wedge again on the 1 Fib....for those who...
2024-04-01 16:45:24 +0000 UTC
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Manufacturing numbers from China came out better than expected over the weekend which accounts for the positive reaction in Chinese ADR's today and the HSI.
$YINN is also up nearly 4% in the PM now too and moving very well in this bullish st...
2024-04-01 09:55:17 +0000 UTC
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I am still holding my $ONON stock as the structure continues to move in strengths and I am watching for a breakout higher to make a higher high next above $36.14 and the August high at $37.08.
A break above these levels confirms Wave 3 for m...
2024-04-01 09:51:11 +0000 UTC
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$DAL is up another 1.5% in the PM now and the price has moved right up to the wedge trend line at $48.65 which is also at the 1 Fib too, this is a resistance level we want to break through, as it has been in place since Jan 2021.
We are up n...
2024-04-01 09:45:57 +0000 UTC
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We can not ask for much more than this from $ETH right now, the bullish set up is there and we are waiting for the breakout now.
Primary Wave 4 held the 0.38 Fib at $3111 perfectly and bounced.
Subwave 2 of Wave 5 held the 0.618 Fib pe...
2024-03-31 23:42:04 +0000 UTC
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Peter took advantage of these pull backs and added with conviction.
Let’s always focus on Long Term and look forward to buying when our favourite stocks become undervalued and complete Wave C
2024-03-31 14:58:13 +0000 UTC
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$SPY rotation continues here, capital continues to stay in the market but moving between overvalued to more valued positions.
This entire Wave 5 has been fast and extreme with very weak pull backs, doing the very minimum in terms of pulling ...
2024-03-31 14:56:17 +0000 UTC
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$QQQ is still caught at the 1 Fib here at $444 but still in a position where it can drift up and stay within this yellow channel, not seeing any confirmed signs of a rejection or reversal to the downside just yet......(so continue to have $SQQQ on...
2024-03-31 14:43:17 +0000 UTC
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$INTC like $AMD and $TSM are looking ready for another leg up as we have projected for some time now.
$INTC and $AMD especially showed their teeth this week and both held their crucial support levels after a confusing catalyst threatened to ...
2024-03-31 14:36:38 +0000 UTC
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$F made a big statement this week and showed why this legacy carrier is a formiddle force.
While the majority of the EV sector struggles, this is pushing higher and turning bullish.
The price also managed to stay above the bullish chan...
2024-03-31 14:29:46 +0000 UTC
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$DIS broke out of its ascending wedge to the upside and has gone above the 2.27 Fib and making its way to the next Fib level at 2.618 at $125.
The 2.618 Fib is the upper limit of the Wave 5 range before it reaches extended territory, so anyt...
2024-03-31 14:26:09 +0000 UTC
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$NKE is battling to hold onto the 0.887 Fib at $92 which is the last line of defence before a retest of the previous low at $88.
If $88 is lost then the Buy Zone is in a strong position next below $82 and I won't be ignoring $NKE in the buy ...
2024-03-30 23:15:44 +0000 UTC
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$COST continues to follow our corrective wave here and I will be watching next to see how it handles the 50 Day MA at $723 on the retest.
A failure to hold this level reaffirms my corrective count for me and a move down to $641 is my expecte...
2024-03-30 23:12:16 +0000 UTC
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Be in no doubt that $TSLA's pull back from $414 to where it is now is nothing more than a Primary Wave 2 pull back and look at where the 0.618 Fib and 0.78 Fib levels are right now.
The 0.618 Fib is at $165 which has been a support level in ...
2024-03-30 23:07:27 +0000 UTC
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$AMD showed this week that it is a serious contender in this sector and in spite of being down -4% at the opening on Monday, it recovered all losses and finished the week green and just at the 50 Day MA.
Importantly, it managed to hold the 0...
2024-03-30 22:43:25 +0000 UTC
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Last week I said that we needed to see how $MSFT handles the retest of the 2.618 Fib at $421, that if it could hold this level then it could potentially go as high as $458.
But what we saw was a retest and failure to hold the level and the p...
2024-03-30 22:38:04 +0000 UTC
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Continues to be an interesting one to observe for me.
As the bounce on the 200 Day MA has been very aggressive but starting to run out of steam as it approaches the blue line again.
The RSI is also approaching the 70 mark too.....which...
2024-03-30 22:32:52 +0000 UTC
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There has been very little movement from $BTC and $ETH this weekend, in spite of this long weekend. $BTC continues to test the $69k level all weekend too which should not come as a surprises to us....a rejection of this level and we have Wave A co...
2024-03-30 22:28:33 +0000 UTC
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$AAPL and $TSLA are the clear Mega Caps in a corrective wave now and $AAPL struggles to find a relief bounce for Wave B still....that being said, it is holding the 0.38 Fib very well and has tested this multiple times now and also finished the wee...
2024-03-30 22:23:58 +0000 UTC
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Very simple plan here now for $PYPL
All we need to see is a break above $68.21, which is the previous high and we have a higher high and this could trigger the market to buy hard.
We finished the week at $67 and above the blue line, wi...
2024-03-30 10:54:29 +0000 UTC
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$BABA has now found support on our blue line 7 times since November as it continues to wait for the HSI to make its move but in the meantime, it is just drifting across this wedge in a very tight range between $77 - $71.
Earnings are not exp...
2024-03-30 10:49:47 +0000 UTC
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$PLTR is getting a lot of attention right now because of how neat this Head and Shoulders pattern has formed, something we highlighted this 10 days ago on X but we had subwave 5 completing at $27 at the start of March.....another example of how po...
2024-03-30 10:44:26 +0000 UTC
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$AMZN has been pushing hard to reach $188 and even managed the $181 level this week and continues to look the strongest of all of the Mega Caps right now, along with $MSFT.
Just $7 away from its ATH line now, where all of the other Mega Caps...
2024-03-30 10:34:59 +0000 UTC
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