5 support tests on the bottom wedge line, positive catalyst partnership announced between $F with $TSLA and this hit the upside button. Broke through the 50 and 200 Day MA and out of the wedge, lik...
2023-06-11 17:36:18 +0000 UTC
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Very straightforward here, the Bulls have it now and in control, I expect this to continue its momentum to the upside here. On the chart we can see one red bar on the daily, this may be considered ...
2023-06-11 17:32:33 +0000 UTC
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Chart continues to be textbook, in spite of the SEC crackdown over the last week, $BTC needs to keep this resilience, showing that it can keep its structure regardless of what the SEC or any other ...
2023-06-11 17:24:43 +0000 UTC
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I am watching this bounce to see if the impulse wave is complete or if we are in subwave 2 of Wave A now. I'll continue with the chart as shown, so far I am seeing 3 subwaves, so this is in line wi...
2023-06-11 17:19:36 +0000 UTC
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$AAPL like the $SPY is at a very important junction here, $AAPL hit its All Time High line this week, peaked above the line and rejected immediately and finished the week below the ATH line.
...
2023-06-11 17:15:41 +0000 UTC
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Relief bounce yesterday followed by a difficult day today, as trouble continues with Binance and $COIN, we spoke before that we expect further issues to develop.
On the chart, price rejected...
2023-06-09 16:41:38 +0000 UTC
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Yesterday I spoke about $ABNB pulling back and found support on top of the bull flag, at the 200 and 50 Day MA, we said how we like to see this and it is usually a bullish sign.....today we got tha...
2023-06-09 16:35:58 +0000 UTC
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Just slightly sticking its head above the trend line now, what we are looking for is a break out and rested, like we saw when this broke out of the small bull flag before taking off.
It has g...
2023-06-09 16:27:15 +0000 UTC
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Last update I spoke about $PYPL needing a pull back and it will show us whether the bottom is potentially in and if it is starting to form an impulse wave, so far so good, it is pulling back after ...
2023-06-09 16:17:09 +0000 UTC
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We knew today would be eventful and it certainly delivered.
-4% in the PM and +10% after the opening and now flat for the day so far.
I struggled to get any Wifi coverage today but wi...
2023-06-09 16:00:57 +0000 UTC
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This company only IPO'd at the end of 2022 so it is difficult to make a complete chart as I effectively only have 1 wave complete so far....that being said, the pull back so far has been exactly to...
2023-06-08 19:35:28 +0000 UTC
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Incredibly another flat day. Even with a lot of action in the PM, a lot of people must be waiting for tomorrow's report to make their decision.....and I don't blame them because that it what the ma...
2023-06-08 19:12:38 +0000 UTC
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What's it going to be guys/gals? is it going to hit the previous high blue line or the higher one, which is the original blue line and reject?....if it doesn't reject, the bulls have it and it coul...
2023-06-08 19:08:00 +0000 UTC
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$ABNB with the second retest of the top of the bull flag and bounced, this time aided by the 50 and 200 Day MA and we can see on the 1HR chart that the 50 Day MA has crossed over the 200 Day, which...
2023-06-08 18:59:33 +0000 UTC
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Not a lot of people are convinced of $TSLA's run so far, it's hard to fault how well structured it has been since bouncing at the our Wave 2 point, after it completed it's WXY count for Wave 2.
...
2023-06-08 18:51:19 +0000 UTC
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Ok $PFE, its time to do this again and do this right. $PFE had a moment there in May where it dropped down below its trend line, mainly down to raising debt to fund their Seagen deal....since then,...
2023-06-08 18:44:00 +0000 UTC
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Wave 1 is not complete yet so this is just a provisional count, when Wave 1 completes, I will adjust but I believe this count will be very close.
The 5 waves down will become invalidated if t...
2023-06-08 18:34:42 +0000 UTC
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All eyes are still on the wedge trend line, where we have the:
50 Day MA,
200 Day MA,
our blue support/resistance line, and
the wedge trend line.
Needless to say, thi...
2023-06-08 18:30:02 +0000 UTC
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Nice pull back yesterday to the 1 Fib at $120.50 and bounced exactly on it, this is a good sign that $AMZN is being controlled by Fib levels for now.
Next big test is at $129 at the 1.27 Fib,...
2023-06-08 18:25:17 +0000 UTC
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Very happy with how $DAL has been performing, as many know, I have added here between $32-$33, in my last update I said that I was happy to see this hold support above the bull flag and it has boun...
2023-06-08 18:22:01 +0000 UTC
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We have got the bounce we wanted and up to the 200 Day MA now, a flip here to support on the 200 Day MA and this is a buy for me.
I know a few of our members have added here already and I do ...
2023-06-08 18:21:26 +0000 UTC
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Possibility 1 from yesterday's chart update has played out today so far, it really struggled to get above the $7.92 0.5FIB which was also the 200 Day MA and the only time it did get above, it stopp...
2023-06-07 20:55:54 +0000 UTC
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A well documented rejection today at Wave 1, a lot of money flowing out of Semi, Ai and Mega Cap's today and into small cap stocks, one day is not a trend so we will see how this develops tomorrow....
2023-06-07 20:42:02 +0000 UTC
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$META keeps pushing upwards, in a very clear corrective manner, even the decline down to $87 had more structured waves. But this corrective move is often seen in Wave B. The only logical response t...
2023-06-07 16:03:51 +0000 UTC
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Nice movement here from $SQ, textbook impulse wave so far, watching for the 1.618 Fib now to complete Subwave 3....ultimately I believe this will continue to move up to complete the right side of t...
2023-06-07 13:39:06 +0000 UTC
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Mid week update and this is still following our chart from the weekend update, moving up to the top of the trend line here, there has been very little getting in it's way here too.
Big tests ...
2023-06-07 10:44:37 +0000 UTC
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Very little to report here, still sideways moving but trending downwards there and being kept below the 50 and 200 Day MA's here, watch for the trend line test at the previous low, it needs to hold...
2023-06-07 10:39:07 +0000 UTC
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$RIOT is still holding onto this impulse wave fine but we can not ignore the elephant in the room that potentially crypto stocks will be under some pressure now while the SEC is clearly on the offe...
2023-06-07 10:37:03 +0000 UTC
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Continues to perform well here after hitting our Wave 5 target and potentially starting its impulse wave now, 50 Day MA is just above next. I think waiting for Wave 2 here would be the ideal positi...
2023-06-07 10:22:31 +0000 UTC
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Watching for the break above the 50 Day MA here too and holding, this would be a positive move and should continue to the upside and the test the 200 Day MA next, a break out of this very long wedg...
2023-06-07 10:19:41 +0000 UTC
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