Same chart as yesterday, we got the flush down to complete Wave A followed by Wave B bounce to the 200 Day MA today, which was rejected as expected and now it looks like we are getting a final pull...
2023-10-13 18:23:40 +0000 UTC View Post
In my last $JPM upload I said how impressed I have been by their chart and how well it has held up compared to the market.
We can see that the price held the 200 Day MA at the start of this m...
2023-10-13 16:25:55 +0000 UTC View Post
What is an Impulse wave?
What are the Impulse wave rules? (Most important lesson to take from today)
______________________________________________________________...
2023-10-13 16:18:06 +0000 UTC View Post
$ELF had a remarkable run from May 2020 at $7 to the 1st of Sept 2023 at $139.
But a pull back was always going to come here, especially after running so high and so fast.
It has now dr...
2023-10-13 14:36:42 +0000 UTC View Post
$IOT IPO'd at the end of 2021 and usually what we see on these new charts is that they open with a corrective wave and $IOT is no different.
It is also trading within the blue line range too....
2023-10-13 14:11:28 +0000 UTC View Post
Is having a strong week on top of difficult news from the middle east and the price is above the 50 and 200 Day MA now.
The Wave C low between the 0.618 - 0.78 Fib is substantially a higher l...
2023-10-13 13:48:26 +0000 UTC View Post
I am looking for an entry point now for $AMD and this white circle which was on our last $AMD chart too, remains the main area of focus for me right now.
The 50 and 200 Day MA is here, the ye...
2023-10-13 13:40:08 +0000 UTC View Post
$NIO chart for the next few months.
The height retracement of Wave 1 and Wave 2 is used to find Wave 3.
So if Wave 2 is in when the price hit $7.93 twice on the 25th of Sept, then...
2023-10-13 13:19:03 +0000 UTC View PostI will be uploading Lesson 3 tomorrow: It is an important one!
2023-10-12 22:11:07 +0000 UTC View Post
The X marks the spot and that is where I see the $VIX going by EOY.
Another hard rejection at the 200 Day MA today and a small tight head and shoulders pattern has been formed here.
In ...
2023-10-12 22:08:35 +0000 UTC View Post
In terms of quality of technical and quality of fundamentals, this is up there as one of the best, if not the best.
Wave 2 held at the 0.618 Fib, the Aug/Sept pull back was barely noticeable ...
2023-10-12 22:04:38 +0000 UTC View Post
Red day today for $TLT but there is no doubt looking at this chart that a reversal is certainly possible here.
The bounce is very V like and many believe there was value to buy at $84 and so ...
2023-10-12 22:02:11 +0000 UTC View Post
Is looking very good right here for a few reasons:
1. Wave 4 has pulled back to its standard 0.38 Fib and has so far held.
2. The Wave 4 position was also at the 200 Day MA on the daily...
2023-10-12 21:59:20 +0000 UTC View Post
$ONON has now hit the 0.618 Fib twice now, one strong hold and good bounce and then a second retest and held for a second time today.
This is where $ONON bulls needs to step in now and start ...
2023-10-12 21:56:05 +0000 UTC View Post
$COIN gets rejected again trying to get above the 50 Day MA on the daily chart.
That is 3 times now that $COIN has rejected since August trying to get above the 50 Day and further confirms th...
2023-10-12 21:48:12 +0000 UTC View Post
$DAL has my attention again and reported earnings today that were a beat but guided slightly lower on their EPS, due to a further increase in fuel costs, I believe the cost of oil was increasing ei...
2023-10-12 21:41:04 +0000 UTC View Post
$PYPL is just moving along the bottom blue line of the buy zone now and still above the wedge trend line in red.
The trend line has offered support 4 times since July ' 22 and the top of the ...
2023-10-12 21:33:08 +0000 UTC View Post
Yesterday I showed this chart stating that I can see 5 small subwaves now and we need a healthy pullback before it can go higher.
As the price has moved very well from $421 to $437....so even...
2023-10-12 21:28:19 +0000 UTC View Post
Another positive day for $NIO yesterday, when many stocks opened red and recovered throughout the day, $NIO stayed strong and healthy for the day.
I believe we are in this small subwave 3 now...
2023-10-12 10:21:59 +0000 UTC View Post
The 200 Day MA at $372 is slipping here as support and the price is already below it right now, bulls still have time to recapture the support line but there is certainly cracks appearing now.
<... 2023-10-11 17:44:36 +0000 UTC View Post
$AAPL small subwave 1 getting stopped out at the 50 Day MA here very clearly, so I have added in the green Fibs to show where the complete pull back should come down to.....between the 0.5 Fib and ...
2023-10-11 17:36:55 +0000 UTC View Post
$SPY is showing a bounce of 5 small subwaves so far and the price got stopped out at the 1 Fib at $437, just below the 200 Day MA on the 1hr chart.
We can clearly see 5 waves up, not 3 waves....
2023-10-11 17:33:22 +0000 UTC View Post
Remember the market always gives you a second chance?...it is whether or not you take it is the main objective.
We want to see a retest of the bull flag at $105, we can see here that the 50 a...
2023-10-11 16:13:44 +0000 UTC View Post
IAG has been holding up a lot better than the US carriers, mainly due to the companies in this umbrella company all performing very well and almost have a monopoly on their areas....BA now due to b...
2023-10-11 16:08:05 +0000 UTC View Post
$CRWD has been impressively strong and may be benefiting from the middle eastern conflict but we had this moving up for Wave 3 regardless.
The 50 and 200 Day MA has acted as a support line th...
2023-10-11 16:03:08 +0000 UTC View Post
I have been watching $DIS and it has bounced from $78 to $85 with a breakout of the wedge, buy zone and above the 50 and 200 Day MA (on the 1hr), what we want to see now is a pull back to the wedge...
2023-10-11 15:58:57 +0000 UTC View Post
$MGM chart has been neat and impressive, with no wild movements.
It has pulled back to the 0.618 Fib at $36 and has been holding this level very well and is now bouncing from it too.
I ...
2023-10-11 15:15:49 +0000 UTC View Post
Fib levels play a very important role when it comes to Bonds, Forex and the Dollar Index, the moving averages and Fib levels are respected and they are used even when Elliott Wave Theory is not use...
2023-10-11 15:12:33 +0000 UTC View Post
$SQ still performing well on the strength of the 10 Yr coming down and the chance that rate hikes may have finished now.
This is still very early days for $SQ and I believe this can still mak...
2023-10-11 15:07:58 +0000 UTC View Post
$RTX is performing well this week on the strength of what is happening in the middle east.
It is a Aerospace and Defence stock, so it is directly involved in conflicts.
We can see from ...
2023-10-11 15:03:27 +0000 UTC View Post