$IBKR is moving very well in this impulse wave, with Wave 3 stopped at the 1.618 Fib, pulling back to the 1 Fib for Wave 4 which typically aligns with the 0.38 Fib pull back level and we can see the price is running up to the 2.618 fib now for Wav...
2024-11-08 18:03:03 +0000 UTC
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$DDOG reported AH's yesterday and it was a double beat with no obvious concerns but it has been swept with the market today and caught the red wave but I am not seeing any issues on its chart so far.
There is a pull back today to the very st...
2024-11-08 17:58:53 +0000 UTC
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$TMF has now retested the 0.78 Fib again at $44 and has bounced now but it is not out of the the woods yet, the count still remains valid but this would need to get back above the 200 Day MA at $52.50 and hold here for support to get some relief.<...
2024-11-08 17:43:36 +0000 UTC
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Lower low now made for $CELH after missing on earnings on Weds....EPS missed by -100% is likely the cause of the further decline.
$CELH is now searching for support and the next obvious support line is on the blue line at $26.24, which is a ...
2024-11-08 17:40:30 +0000 UTC
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Is down -10% now after reporting a double beat yesterday after the close.
We can see that it has pulled back to the bottom line of this rising wedge, which perfectly aligns with the 50 Day MA so much that you can not even see it under the su...
2024-11-08 16:11:28 +0000 UTC
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$BABA is just on the 0.5 Fib now as it tests hard for support.
Both the US market and Chinese ADRs are having a tough day after a very strong week and support levels are being tested across both sides of the pacific.
I have added today...
2024-11-08 15:51:17 +0000 UTC
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OK $HIMS dropped -8% and is now recovered to -4% as the dip is getting bought up
I am back at my desk now so I am able to see the chart in better detail, $HIMS has now pulled back more than -5% 6 times now since the start of October and each...
2024-11-08 15:46:39 +0000 UTC
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Added to the Buy and Sell chat group.
2024-11-08 14:49:55 +0000 UTC
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10YR has finally found some resistance at our yellow resistance line which aligns with the two previous tops.
A pull back for either an impulse wave or corrective wave is needed here either way.
If the 10YR pulls back in 3 waves to in ...
2024-11-08 12:50:09 +0000 UTC
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Very large pump and dump here yesterday and AH's and now the price is down -7.5% in the PM.
A pump like this beyond the 3.618 Fib is a red flag for me which is why I said to exercise caution in the chat group yesterday before earnings.
2024-11-08 12:45:22 +0000 UTC
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$NET is down -7% in the PM after reporting a double beat on earnings yesterday after the close.
They have made a net loss but this is slightly improving....I suspect the market wanted to see a better improvement or possibly anticipated they wou...
2024-11-08 12:27:32 +0000 UTC
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Zero changes to the $YINN chart, PM activity is back down to test the blue support line which has held since the 15th of October and was also the high in May.....if we go further back, it was also the support level up to Sept 2023....so this is a ...
2024-11-08 12:22:38 +0000 UTC
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Solana continues to look extremely good here and is following the other 2 leading cryptos.
It looks slightly ahead of $ETH in this Wave 3 now too and approaching its 1.618 Fib
I have added the Wave 4 Fib support level and we can see th...
2024-11-08 12:12:34 +0000 UTC
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A stimulus measure was announced, this is now confirmed, China will be injecting up to $1.4 Trillion into its economy of the next 2-3 years, this is the first Fiscal Announcement and their plan is clear, to pump the economy to get it growing again...
2024-11-08 11:58:48 +0000 UTC
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Two points to make here:
1. We are now at the 200 Day MA, with a very bullish wedge breakout and moving in Wave 3
2. The weekly chart is very important for $ETH too, as it was respecting the 200 WMA for the last 2 years...and the pric...
2024-11-08 11:33:05 +0000 UTC
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I can't believe $XRP is still in this triangle, almost 5 years in the making and still has more room to go.
I am not sure of the status of their SEC cases but I suspect it is still keeping it down
A breakout above $0.60c and holding an...
2024-11-07 20:02:18 +0000 UTC
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I spent some digesting the movements here yesterday after $HIMS had pulled back from its enormous climb $24.67 and then started to pull back
I could not see any other scenario other than still being in this Subwave 3, so I made the decision ...
2024-11-07 19:17:15 +0000 UTC
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$INTC looks strong from here, as briefed at the weekend, a break above $24 will signal a move up to the 200 Day MA which is at $31.50 now.
Ideally and as always, a retest of an important breakout level at $24 here and holding would be a buy ...
2024-11-07 18:53:41 +0000 UTC
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This is the 1 hr chart so we can see in the detail the descending wedge....we know on the daily chart that $NIO continues to hold on the 200 Day MA and the confluence level above $5.
$NIO is holding strength like all of the ADRs today and t...
2024-11-07 18:32:28 +0000 UTC
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$JD continues to look very well and there are no changes here but it is worth bringing this back to your attention
Price is holding on the 0.38 Fib for Wave 4 for us and if the ADRs all move together then $JD could start its Wave 5 shortly w...
2024-11-07 17:35:49 +0000 UTC
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From my observation, generally people have a max holding period of about 3 months in a position
After that, they will likely sell if their position hasn't moved or if there is a slight decline
The market loves people who behave like ...
2024-11-07 17:08:26 +0000 UTC
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$UNH has been consolidating in this channel range as we highlighted before but we have seen a strong bounce up to the top line this week.
The breakout level is $608, a break and hold above this level and we have Wave 5 confirmed for me and a...
2024-11-07 17:00:45 +0000 UTC
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$WULF keeps pushing in this Wave 5 and we could be looking at the 2.618 Fib for Wave 5 to complete too, nearly another +20% from here....this could also align with $BTC hitting its resistance line too.
2024-11-07 16:57:36 +0000 UTC
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$MBLY has made its move and there are no changes to the previous charts we have uploaded
$CELH would love to get this reaction after breaking out of its own resistance level.
$MBLY broke above the $16 target line and bounced strong
...
2024-11-07 16:52:35 +0000 UTC
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I think the market has not warmly welcomed the possibility that RFK Jr may be the new Secretary of Health under Trumps regime.
RFK Jr is not a fan of big pharma....but that being said, I do not see how this is anything more than short term n...
2024-11-07 16:27:56 +0000 UTC
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A number of requests for this since Trump won.
Market may feel that a rush to buy luxury items may come next with a Trump presidency.....I am not full convinced of this...but what I do like is the 3 very clear waves down since hitting Wave 5...
2024-11-07 16:13:52 +0000 UTC
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No changes to the chart here and I am very happy to see $ZM recover because its long descending wedge was tough for many, in spite of it being undervalued.
Price broke out of the wedge, retested at the 0.38 Fib, bounced to the First Target a...
2024-11-07 12:56:02 +0000 UTC
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$MELI reported after the close yesterday and they missed on estimates by -10%, price is down -8.5% in the PM now.
We had $MELI at and around its Wave 5 target either way and $MELI has climbed from $602 to $2161 since 2022 to now....a pull ba...
2024-11-07 12:52:05 +0000 UTC
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$BMBL missed on earnings but was initially up +20% in AH yesterday post release but now at -6% in the PM now.
We can see on the chart that the price is still holding on the outside of the wedge breakout tho, above $7.30.
If the price c...
2024-11-07 12:47:31 +0000 UTC
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Double beat on earnings and EPS was +48% above estimates
We have been sharing this since Sept before the breakout at $11 and now at $17.78 in the PM
The targets are very bullish but I just chart the theory and what I see and so far the...
2024-11-07 12:44:47 +0000 UTC
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