No change to the chart here and favouring the the red corrective wave now and following it closely.
Personally I think $SBUX has an image problem, it just has not reinvented itself in the last decade, the coffee is still basic with no frills...
2023-09-28 14:34:03 +0000 UTC View Post
A Buffet favourite and appears to be looking to test the 0.618 Fib again at $23.71.
It had the perfect bounce at the 0.618 Fib in August but the market had other ideas and wants more confirmation of support before this can go higher.
B...
2023-09-28 14:20:23 +0000 UTC View Post
I am not seeing any impulse wave being formed here, I am just seeing a long consolidation sideways for the last 2 years in a WXYXZ movement which is just a long corrective wave and this is shown by multiple 3 Waves in each wave count.
Price ...
2023-09-28 11:46:15 +0000 UTC View Post
Another Requested Chart: Completed an ABC corrective Wave at the end of last year and has bounce in this channel for the whole of 2023.
It it being met with some resistance so far trying to get out of the channel and if the rejections contin...
2023-09-28 11:36:56 +0000 UTC View Post
Requested Chart on Solar energy, we can see the triple top at the top blue line at $377, met with a harsh decline for a corrective wave, now in Wave C and seeking support on one of the Fib levels shown, the 0.65 Fib has been lost, so the next leve...
2023-09-28 11:28:28 +0000 UTC View Post
News has just dropped since I posted the $NIO chart 10 mins ago.....we will watch to see how this develops.
Full article below:
$DNA was up 16-17% yesterday at one stage on the positive announcement news with $PFE but managed to give up a lot of those gains by the close, I mentioned under the $NIO post that yesterday was a mixed day for the market, it was rare to see an ou...
2023-09-28 11:10:50 +0000 UTC View Post
Flat day yesterday for $NIO with a mixed day for the market. The first half of the day was in a descent and the market recovered very well, giving hope to people that the worst is behind us....I have not seen enough to believe the worst is over, c...
2023-09-28 11:05:06 +0000 UTC View Post
Is now on the support line which has been held 8 times since 2005.
This really is make or break time for $TLT.
We can see leading up to the 2008 Financial crash, the $TLT held 4 times at this level before it took off.
I suspect t...
2023-09-27 19:46:47 +0000 UTC View Post
Incredible show of strength here from $CRWD, not getting affected much by the market and comfortably above the 200 Day MA and tested the 50 Day MA today and found support and bounced.
No changes to the chart here either and Wave 3 looks in c...
2023-09-27 19:40:01 +0000 UTC View Post
Cut right through the 0.618 Fib and the 200 Day MA like it wasn't even there so the selling pressure continues here and onwards down to the next Fib to test support at the 0.78 Fib at $6.72.
$BTC has still held up very well and seems immune ...
2023-09-27 19:36:37 +0000 UTC View Post
Nearly there for $COIN but I do not think the bottom is in yet for $COIN, little relief bounce today but I see another move down.....$JPM decision yesterday to not allow any buying of crypto from their bank account holders may not be fully factore...
2023-09-27 19:33:25 +0000 UTC View Post
$BERY is at a critical point, I have uploaded this a few weeks ago and I have been monitoring it in the background, the chart looks good and healthy and still managing to perform a lot better than most of the Mega Caps.
Just at the 200 Day M...
2023-09-27 19:27:33 +0000 UTC View Post
Second test of the 200 Day MA today on the 1hr chart and it also happens to be the bottom of the bear channel trend line that this broke out of last week.....This would be asking a lot to break above these two levels.....positive announcement toda...
2023-09-27 19:20:42 +0000 UTC View Post
$DG has not held the historical support line which is also at the 0.78 Fib and the price action has its eyes on the next Fib level at the 0.887 at $87.90.
If this continues until the end of the year then we may be in a good position to add h...
2023-09-27 19:16:02 +0000 UTC View Post
Relief bounce right now but it is having a difficult week and month, along with many of the financial stocks....rates and yields are damaging this and this is unfortunately following the amber line very well.
This needs the yields to come do...
2023-09-27 19:12:50 +0000 UTC View Post
That was a whirlwind day for $COST, earnings were released yesterday and it was a beat but just barely, the After hours activity and PM today were not great and at the opening today, this fell down to $544, that has all been recovered now and it i...
2023-09-27 19:09:51 +0000 UTC View Post
I have added the 1hr and the Daily chart here because we are at an important point and we need to see how the price is behaving on a shorter time scale.
Daily chart we can see that the price hit exactly in the middle of the bounce level, bet...
2023-09-27 19:05:15 +0000 UTC View Post
What a week $SE is having so far from $35 to $43 right now, with another strong 8% day today so far.
We wanted to see this get comfortably above the 0.78 Fib level at $40.60 and bounce and it has done that now, it is also above the 50 and 20...
2023-09-27 14:41:02 +0000 UTC View Post
$TDOC broke down from $22 level, it was trading between the blue lines from $22 to $34 for exactly a year and has broken down amongst the weakness in the market.
This is not a good sign for $TDOC here and it desperately needs to find support...
2023-09-27 14:34:58 +0000 UTC View Post
$OXY continues to be a strong hedge for us during this pull back and has been slowly moving higher and still showing strength.
Above the 50 and 200 Day MA and up nearly 3% today as concerns on the price of oil continues to rise.
I thin...
2023-09-27 14:23:18 +0000 UTC View Post
$DNA is what I am watching close today, at one stage it was up 15% in the PM after the positive new announced this morning of its partnership with $PFE, worth in excess of $350 million to $DNA.
The 50 Day MA is at $2 right now so this is the...
2023-09-27 13:33:12 +0000 UTC View Post
What is Elliott Wave Theory?
Elliott Wave Theory is a form of technical analysis that identifies patterns in the movement of financial markets. It was developed by Ralph Nelson Elliott in the 1930s, and is based on the i...
2023-09-27 11:58:49 +0000 UTC View PostI am going to start Elliott Wave Theory Lessons today for all Patreon Members.
The overall aim of this course is to help you understand how to read my charts and understand Elliott Wave Theory.
These lesson will include:
That is two days in a row where $NIO hit the $7.93 level exactly and bounced, we spoke in the Telegram group yesterday about whether or not this is considered a test of the 0.887 Fib and we can see on the chart on the 1hr here that it certainly lo...
2023-09-27 11:10:13 +0000 UTC View Post
$JD and $LUV charts are almost identical.
With $LUV just slightly below its 0.887 Fib level after todays weakness.
Both great companies, both under pressure and both offering significant value right now.
Fundamentally $JD is stro...
2023-09-26 20:21:48 +0000 UTC View Post
Daniel-son has made a good point today and said that $DRV could be an important ETF to watch and we can see here that the trend is looking bullish....and bullish in terms of the chart because this is a Bear Real Estate ETF and 3 X too....so this i...
2023-09-26 20:13:16 +0000 UTC View Post
$PYPL is not pulling back to its 200 Day MA but it is only a few dollars away from testing its trend line and its potential bottom.....in line with a lot of the Mega Caps too, 5% decline is still possible here if there is a large flush in the mark...
2023-09-26 20:05:58 +0000 UTC View Post
$JPM's price action has been nothing more than impressive and it is still holding above the ascending triangle support line and it is just sitting there waiting for the 200 Day MA to come up to it.....so when all of the Mega Caps are declining dow...
2023-09-26 19:56:59 +0000 UTC View Post
Is also making its way to the 200 Day MA and has the yellow trend line to deal with first, so this is why we set the bounce level between the trend line and the 200 Day MA which is at $419 and $427 and right now we are at $425.
So as I said ...
2023-09-26 19:48:33 +0000 UTC View Post