$BTC has bounced on the 0.78 Fib Support fib level at $52k and sits at $60k now to finish the week
The market had one of its best weeks in 2024 and $BTC followed it perfectly too.
The c...
2024-09-14 10:31:00 +0000 UTC
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$BUD is now testing the wedge top line today at $65 and has not broken out but must be on the watchlist now
We all have our opinions on $BUD and their marketing campaign that caused this to d...
2024-09-13 17:25:45 +0000 UTC
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Small Caps have also formed a wedge like $QQQ and $NVDA
We can see that the bottom trend line of the wedge aligns with the 200 Day MA too, this confluence level could protect the Bulls if the...
2024-09-13 17:19:28 +0000 UTC
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I have spoken a lot about the significance of the 200 WMA
Historically speaking, the 200 WMA behaves as a strong support level, it also offers substantial value at this level, there has neve...
2024-09-13 15:16:13 +0000 UTC
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Testing the top line now at $119, which has already been tested 2 times since the 5th of August, after pulling back to in between the 0.618 - 0.78 Fibs and holding support, to make a higher low.
2024-09-13 14:49:36 +0000 UTC
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We are now above the 200 Day MA, it hasn't flipped to support yet but a crack has formed and a breakout!
Converting this level to support and we can look forward to a bounce at the very leas...
2024-09-13 14:47:00 +0000 UTC
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$DELL is at an important level now testing its 50 Day MA at $114.
It is difficult to say whether this pull back is complete now, price pulled back to the 0.5 Fib and held but I can only see 2...
2024-09-13 14:21:41 +0000 UTC
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A double hold on the 0.618 Fib here too, once on the larger white Fib and now on the smaller green Fib.
We are seeing a lot of this lately and it is is usually a good indication that further ...
2024-09-13 14:12:40 +0000 UTC
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Oil is making tough work of this 0.5 Fib at $64.70
Price was tested this week and bounced back to $70 now directly after the debate......likely giving an indication that the market is moving ...
2024-09-13 13:11:25 +0000 UTC
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$TMDX moving very well within our Wave 4 projection and coming back up to test the 50 Day MA from below
A rejection here or before the previous high and there should be a one final leg down t...
2024-09-13 13:01:14 +0000 UTC
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We have a wedge breakout here now
We have been watching this closely for the last 18 months as it consolidated in this wedge, fundamentals are not great but its potential is high
Brough...
2024-09-13 09:01:04 +0000 UTC
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$MRNA has lowered their FY25 Forecast and the share price took a hit and dropped -12%
They then followed it up with some cost cutting measures, including a $1 Billion reduction in R&D sp...
2024-09-13 08:57:58 +0000 UTC
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$ADBE released earnings yesterday and although it was a beat, the company gave a weak guidance.
I already had this in an ABC structure, so the -8% drop in the PM now is not a surprise conside...
2024-09-13 08:50:54 +0000 UTC
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This chart has not been touched in over 18 months so I don't intend to go near it now.
$ORCL guided higher yesterday and the share price jumped from $161 to $171 in AH's which hit out Wave 3 ...
2024-09-13 08:47:56 +0000 UTC
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We are back at the $30 important level again
After two successful holds on the 0.618 Fibs, making two perfect higher lows since the start of August.
ECB initiating a Rate Cut yesterday ...
2024-09-13 08:44:43 +0000 UTC
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$QQQ continues to move very well within this wedge and after yesterdays +1% bounce, the price finished exactly at the 0.618 Amber Fib level again, slightly above the 50 Day MA
A break above t...
2024-09-13 08:41:18 +0000 UTC
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Impulse wave has been added now as the price action has been moving very controlled and following the Fib support levels.
Wave 2 held support on the 0.78 Fib, Wave 3 bounced to the 200 Day MA...
2024-09-12 19:10:40 +0000 UTC
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Continues to maker lower lows now as the price moves down our Wave C
Approaching the Second Target next at $22.50, after losing the 0.38 Fib at $24.85
I would still like to see this mov...
2024-09-12 18:31:39 +0000 UTC
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Getting very close now to testing the wedge top line, a break and hold above will also mean a break above the 200 Day MA which we know is a significant Bull/Bear indication.
Holding above thi...
2024-09-12 18:29:13 +0000 UTC
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Also bouncing on its 0.618 Fib support
I hope by now we all see the significance and importance of the 0.618 Fib for Wave 2 and Subwave 2
50 Day MA is also in the way here of making a ...
2024-09-12 18:25:04 +0000 UTC
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I have been watching this in the background lately because of its bullish formation which I showed in the last uploaded.
Price has broken out above the top line now at $34 and is up +3% now
2024-09-12 18:20:10 +0000 UTC
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Very nice bounce on the $151 level today after showing support on this level over the last 3 days.
Like I said before, I do not believe $GOOG has completed Wave B yet and the reason for the p...
2024-09-12 18:16:34 +0000 UTC
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$AMZN strong bounce out of the bullish wedge, the wedge breakout line was also the 50 Day MA, so once this was cleared the price had no issue moving higher, along with positive market sentiment yes...
2024-09-12 18:11:59 +0000 UTC
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ECB cut their interest rates today by 0.25%, the Fed will likely react the same way, Silver and Gold react instantly to government rate cuts and I suspect that Silver and Gold will pop again when t...
2024-09-12 14:42:27 +0000 UTC
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$NIO could not make it up to the 50 WMA at $6 and is now clearly showing a rejection at the 200 Day MA.
Price has pulled back -7% today which is still not enough for Subwave 4 to be complete<...
2024-09-12 14:15:48 +0000 UTC
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$REMX has made it all the way down to our Wave B level at $35 and before we get excited and say that the reversal is confirmed now, the price must continue to hold above $35 or the blue line is nex...
2024-09-12 13:12:43 +0000 UTC
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I think with $NIO, $XPEV, $LCID and $PSNY moving well, and we are waiting for $TSLA to breakout, then we must put $RIVN on our watchlists.
$RIVN has run ahead of the EV sector since April and...
2024-09-12 13:09:55 +0000 UTC
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We have two ascending triangles, followed by two breakdowns and holding for higher support levels.
Price needs to hold where it is now on the 0.618 Fib too
The 0.78 Fib would be next at...
2024-09-12 11:46:21 +0000 UTC
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There has been some wild swings here since June, losing 50% and then gaining 100% over a 3 month period, so this should come with a disclaimer that there is some volatility here.
The waves ar...
2024-09-12 11:41:50 +0000 UTC
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I added this chart 2 days ago to show that the price action has been following our projection and testing the 0.5 Fib at $5.79, and that a hold here and we are looking at move higher next to comple...
2024-09-12 10:57:30 +0000 UTC
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