So far still holding the 0.65 Fib
RSI is in the perfect position to start a reversal, as it is still in the oversold territory.
What will the catalyst be to give this a little nudge or ...
2023-06-05 18:52:11 +0000 UTC
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Stopped out exactly at the 0.78 Fib at $7.90 today and unable to make a new high. I am showing this on the 5 min chart so we can see the minute waves.
We want this to be a smaller wave 2 comp...
2023-06-05 18:27:04 +0000 UTC
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The 4hr chart tells the story here with the aid of the 50 and 200 Day MA, we can see at the opening that the price dropped right down to the 50 Day MA which was at out top blue line and then bounce...
2023-06-05 18:16:54 +0000 UTC
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$COIN continuing to do what $COIN does and break hearts with wild swings -10% today and dropped hard after it lose our blue support line....proving again that this is a pivotal point and the import...
2023-06-05 16:01:18 +0000 UTC
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$PYPL continues to just show me one wave since potentially bottoming at $59, I am watching this closely for my next add, I want a pull back and I am watching where the 50 Day MA is cutting right th...
2023-06-05 15:46:52 +0000 UTC
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Big pull back which started towards the close on Friday, caused by legal issues stemming from NYC's approach to short term letting.....the market quickly realised that $ABNB is in every part of the...
2023-06-05 15:40:59 +0000 UTC
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Big move today, it has gone above the the previous high now at $217, so it just needs to hold above this level now. I will be removing the red corrective wave next as this is becoming invalid.
<...
2023-06-05 15:37:02 +0000 UTC
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$BABA like $JD really battled towards the end of last week after losing crucial support lines, in $BABA's case, breaking down from the wedge but fought back to recapture it immediately after rumour...
2023-06-05 12:39:50 +0000 UTC
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Fairly straightforward set up here, 5 Impulse waves up and starting it's 3 Corrective waves down now after losing the 50 and 200 Day MA and breaking the trend line support in the channel. Standard ...
2023-06-05 12:30:16 +0000 UTC
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The decline continues here. I have added in the top blue line as this was a previous support a few years ago, so we will see if this can hold here and move up and complete Wave Y, failure to do thi...
2023-06-05 12:27:48 +0000 UTC
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No changes here to the chart. The Saudis have announced over the weekend that they will reduce oil production by 1 million barrels per day, this has pushed many oil stocks up in the PM today. State...
2023-06-05 12:24:57 +0000 UTC
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Have you ever seen a more vertical move than this one?
Straight to our first target and did not even take a break on the way up....you have got to imagine that this squeeze will come to an ab...
2023-06-05 12:20:35 +0000 UTC
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Another airline stock I have been watching lately and it still has not shown any signs of reversing this downward trend....in spite of many of the other carriers moving upwards and in strong positi...
2023-06-05 12:17:17 +0000 UTC
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Fans of this will know how volatile this has been over the last year and a half, only recently has it started to show stability. Above the 200 Day MA here now and on track to hit our first target.<...
2023-06-05 12:13:06 +0000 UTC
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Nice pull back here approaching the 0.618 Fib, the fundamentals are good but they need to focus on their growth for the next few years, if they can do this, there is potentially a lot of upside bet...
2023-06-05 12:10:42 +0000 UTC
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$CHGG got decimated after its earnings report, in spite of a beat. It has lost a lot of crucial support levels and it needs to find support now. The 1 Fib is at $7.93, which corresponds to a previo...
2023-06-05 12:01:23 +0000 UTC
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Nice ABC corrective wave pull back and held the 0.88 Fib. I have added in another corrective wave, the WXY in red as the W wave is only showing 3 waves, 3 very clear waves too, so it is not an impu...
2023-06-05 11:59:06 +0000 UTC
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There are plenty of rumours as to why the VIX is suppressed like this as it appears there has been plenty of volatility over the last few months, all we can do is play the cards we are dealt and it...
2023-06-04 22:07:43 +0000 UTC
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Like $MSFT it is very much extended here, on almost all Technical indicators, this is showing outside of its limits and it has quite frankly stumped many, it still has a bit to go to reach its All ...
2023-06-04 22:02:03 +0000 UTC
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Starting to see a little bit of curling at the top of the price action here, as buyers may be drying up and some profit taking starts kicking in, as this has jumped over 100% in less then 30 Days.<...
2023-06-04 21:54:53 +0000 UTC
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It still remains to be seen whether this has woken up yet and decided to join the party....it should be doing a lot better, considering the market it is in. It may pull back in line with $AMD now a...
2023-06-04 21:38:28 +0000 UTC
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We got the bounce we were looking for just around the 0.78 Fib and has performed well since, just held at the 200 Day MA for now. A flip here for the 200 Day MA to a support level would be a strong...
2023-06-04 21:32:53 +0000 UTC
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In last weeks update we spoke about this moving sideways in a range between the 1.618 Fib and the top amber line, which has effectively been the 200 Day MA. It has yet to make a new high yet to sho...
2023-06-04 21:29:26 +0000 UTC
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What can I say about this chart which is not abundantly obvious!
$MSFT is benefiting from being both a mega cap stock and a large player in the Ai sector, the chart is clearly showing it is e...
2023-06-04 15:43:32 +0000 UTC
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No changes here from last weeks chart, likely to continue higher to at least the yellow trend line where I have put Wave Y in amber, a break above is very bullish, however the whole count is in the...
2023-06-04 15:39:50 +0000 UTC
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Share price is still elevated since that positive news of a partnership with $TSLA, however it has dropped below the top wedge and the share price never made it above the 200 Day MA.
Still a ...
2023-06-04 15:36:52 +0000 UTC
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The wedge has been broken and so far has been doing well staying above it, Targets above are as shown, wedge breaks can normally climb a height which is the same distance as the largest wave in the...
2023-06-04 15:34:31 +0000 UTC
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Still downward trending, below the 50 Day MA still, which looks to be in control of this trend and heading towards the 200 Day MA for potential support, this chart has not changed in months now. Le...
2023-06-04 15:29:19 +0000 UTC
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$AMD pulling back in a healthy manner here before the share price became ridiculous and possibly ruining the structure. It remains to be seen how far this ABC corrective pull back comes down to but...
2023-06-04 15:25:59 +0000 UTC
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On course here to test its All Time High line at $182, this will likely be the last test for $AAPL. The structure is of course stretched here, it can be saved by a healthy Wave 4 pull back, like a ...
2023-06-04 15:23:17 +0000 UTC
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