Another chart request here too and there are no changes, it has broken out of this very long wedge and remains above the previous low and holding our blue lines for support, so our potential Targets above remain the same. It has been consolidating...
2023-12-16 18:57:51 +0000 UTC
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No changes to my $LLY chart, it has tested the 4.618 Fib level a number of times now and our members will know that this Fib level is a formidable resistance line and will take a pull back first before it can be broken out from....even $NVDA has n...
2023-12-16 18:55:14 +0000 UTC
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$ADBE has been following our impulse projection all year and I think it will continue moving higher with the market to its All time high line at $700.
Pulled back over the last week but I believe this is only an opportunity to add before goi...
2023-12-16 18:52:12 +0000 UTC
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Dollar Tree is another safe haven like Dollar General that will likely perform very well during a market correction.
The price has jumped from $103 to $133 since we started charting this but what we will be looking for is an entry point for ...
2023-12-15 17:54:41 +0000 UTC
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$ADA has just dipped below the $0.62 level and lost the 50 Day MA on the 1hr chart so no buy for me at the moment here while support has not been found.
The 0.5 Fib has been tested so far, so this is a level I'll watch and the 0.618 Fib is s...
2023-12-15 17:46:31 +0000 UTC
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$FSR seems to be doing most its work in the PM and AH trading and then reports a modest move during the live session.
I have no issues with this as long as it continues to move in the right direction and there are a number of things I am hap...
2023-12-15 17:40:57 +0000 UTC
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I like $DAL and I like airlines stocks but $DAL has jumped 40% now since the wedge trend line and the 0.618 Fib and has not even turned back for a wave goodbye yet....as much as it is still attractive, I can't add here until I see a pull back.
...
2023-12-15 15:40:18 +0000 UTC
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$BABA is starting to make its move and we are seeing a number of bullish indications and positive news flows from China too.....the largest ever recorded Financial Injection into the Finance sector was reported today, this was a real intent from X...
2023-12-15 15:30:51 +0000 UTC
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$NIO is still knocking on the $8 door to try and convert it to a support level, which would also mean holding at our First Target level too.
So far $NIO has been able to report a higher low (barely) but not a higher high yet, if the price ca...
2023-12-15 15:21:25 +0000 UTC
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The price of Lithium has been falling rapidly all year and although this is good news for EV companies, not so much for $LAC right now.
That being said, it has worked its way down through the Fib levels of this Wave C and is still trying to ...
2023-12-15 15:13:00 +0000 UTC
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Bitcoin is struggling with the 50 and 200 Day MA's on the 1hr chart, which is why we think there is more to this pull back to complete Subwave 4 before it can go higher to complete Subwave 5 of Wave 3.
The 50 and 200 Day are at the same leve...
2023-12-15 14:58:38 +0000 UTC
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$PYPL is moviing in a very controlled mannered and hit our Wave 3 target exactly at the 1.618 Fib, our Wave 4 level is also exactly at the 0.38 Fib which coincidentally aligns exactly with the ascending triangle top level at $60.20.
A hold a...
2023-12-15 14:53:56 +0000 UTC
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$TROW got very close to its Covid Low level in October but has managed to ride the bullish wave since the start of November, the price action has also been able to test above the 200 Day MA here too but still below it at the moment, a flip here an...
2023-12-15 04:29:19 +0000 UTC
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A very unorthodox looking chart here with this megaphone pattern, which I believe is a corrective wave but still moving higher in the short term to our Wave Y level at $92.
The move from $50 to $75 here is very aggressive too, which is...
2023-12-15 04:23:58 +0000 UTC
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$NEM has spent the last 2 years in this ABC correction and recently found support on its historical yellow support line in between the 0.618 - 0.78 Fib levels.
It was also in a descending wedge leading to this this point too, it has bounced ...
2023-12-15 04:01:15 +0000 UTC
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Stocks hate staying in the buy zone, regardless of peoples opinions and macro concerns on many stocks, when a price is undervalued, it attracts buyers....value hunters prioritise revenue and margins over opinions.
Bulls will want to see $F h...
2023-12-15 03:42:09 +0000 UTC
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Another follow through by $INTC yesterday and continues to perform with a lot of strength after bouncing on the First Target, looking like very little will get in its way to move higher now to the Second Target.
Hitting the Second Target wil...
2023-12-15 03:37:32 +0000 UTC
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Very nice move yesterday from $ONON, it had pulled back during the week and found support between the 0.5 - 0.618 Fibs and assisted by the 200 Day MA and bounced.
Making a higher high and a higher low.
Moving well here through our Wave...
2023-12-15 03:31:26 +0000 UTC
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$DNA consolidated for almost 2 months on the 0.887 Fib at $1.20's and has done well here to hold this level.
Price decided to wake up today and bounced very well and went above the 50 Day MA and testing the 200 Day MA now.
The impulse ...
2023-12-14 17:42:18 +0000 UTC
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Are we surprised to see $MSFT just doing exactly as it should and making its way to the 0.38 Fib in the most controlled and structured manner?....no.
In what looks like its 3rd wave down for Subwave 4 here and we will be watching the $361 le...
2023-12-14 17:28:40 +0000 UTC
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A few volatile days for $FSR and what a appears a very nasty Stop Loss raid just under $1.40 yesterday....it only went down to $1.35, so it was less than 5%......nobody should be setting stop losses less than 5% so I hope many did not get caught h...
2023-12-14 17:23:57 +0000 UTC
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We said the $TSLA bulls needed to step in yesterday and they have done that very well.
Recaptured the 50 Day MA very quickly and this Subwave 4 managed to not infringe within the Subwave 2 area, this is a bullish look for $TSLA.
I am s...
2023-12-14 17:10:21 +0000 UTC
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So far $BABA is showing a double bottom on the $70 level and has since regained the 0.78 Fib level at $71, broken above the 50 Day MA on the 1hr chart and back into the wedge now too....what we want to see is a hold within this wedge now.
$7...
2023-12-14 17:04:36 +0000 UTC
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Continues its impressive form here and has gone right up to our blue line which has been a resistance level all yer at $199.
We can see that the $SPY and $AAPL are getting close to their ATH lines too, so everything keeps pushing higher....s...
2023-12-14 17:00:28 +0000 UTC
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$NIO needed this bounce today and went straight back up to the First Target again at $8.
Yes it did not follow through from there yet but it is safely away from the danger zone at $7 and again, an attempt to hold above the 50 and 200 Day MA'...
2023-12-14 15:29:49 +0000 UTC
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This is not witchcraft or crystal ball stuff, this is price action respecting Fib levels and the 1.618 Fib level is one of the most reliable levels we use to find Wave 3's.
$PYPL hit $64.13 exactly at the opening today and it was great to se...
2023-12-14 15:15:37 +0000 UTC
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Wave B was short but bounced in 3 waves and Wave C pulled back to in between the 0.618 - 0.78 Fib, all very normal counts here.
What the bulls will like here is the descending wedge here which is a bullish formation, we can see how effective...
2023-12-14 08:25:18 +0000 UTC
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I have been following $PLUG in the background for some time here and we can see here that this has been in a very long tightening wedge here dating back to May 2021.
What is of particular interest to me here is how our First Target aligns pe...
2023-12-14 08:18:24 +0000 UTC
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Outrageous show of strength from $COIN lately and broke out of its ascending triangle too yesterday.
Wave 3 remains at the 1.618 Fib, as absurd as it looks we need to respect what the chart is showing us.
A lot of insider selling at th...
2023-12-14 07:42:33 +0000 UTC
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$SOFI and $PYPL have finally joined the party, they needed the conditions to be right and yesterday presented a number of a positive catalyst that allowed them to break above very important resistance levels..
$SOFI has struggled with our bl...
2023-12-14 07:33:56 +0000 UTC
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