Parabolic move at the start of the year has not helped this structure, making it unstable and not an impulse wave, it came crashing down right after it hit a local high. Thankfully is has managed t...
2023-04-20 12:20:34 +0000 UTC
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This has moved sideways since the middle of Feb, mainly due to the banking issues I feel, the impulse wave is not confirmed yet but it is still valid for now, breaking above the yellow trend line a...
2023-04-20 12:15:32 +0000 UTC
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I am leaning towards the green impulse wave here and this is confirmed once it can break above the previous high and enter the bull case, it has climbed well since the lows in March 2020, so once t...
2023-04-20 12:12:40 +0000 UTC
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$PFE has pulled back aggressively since hitting $42 but for now, I am not too concerned about this. The structure is looking like a leading diagonal, where the waves overlap each other. This snapsh...
2023-04-20 10:45:31 +0000 UTC
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I believe the bulls needs to step in for $PLTR before it hits $8 or they will lose this impulse wave, $PLTR should be doing better here considering their Moat in the AI world and their expertise, a...
2023-04-20 10:36:27 +0000 UTC
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Like $TSLA, $NIO is doing exactly what we thought and with no surprises. It is down in the PM and has gone below the previous low, which reinforces the downward trend.
This wave 1 of Su...
2023-04-20 10:28:50 +0000 UTC
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Ok this has played out very well for us now so it is important to have a look at the plan again. Few Important things to consider first:
The 0.38 Fib is at: $173
The 0.5 Fib is at: $160...
2023-04-20 10:19:53 +0000 UTC
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$DNA continues to consolidate in this Wave 4 for over a month now, ARK continue to buy 100k's worth of stock most days still, we still need to wait for signs of a reversal or a break out of the cha...
2023-04-19 19:06:19 +0000 UTC
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What is going to be the catalyst that reverses this.....what we know is that this constantly bounces between trend lines, it is now at its lowest since Nov '21.
2023-04-19 18:47:19 +0000 UTC
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Very nice from $TDOC today, after the jump yesterday, it came back down to test the wedge it broke from, held it very well and bounced, counts remain as shown.
2023-04-19 18:44:54 +0000 UTC
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This Subwave 4 is starting to look at little messy and long, that being said, it is still valid, we saw with $NIO too, the Subwave 2 was longer than expected but it worked out fine in the end. The ...
2023-04-19 18:30:36 +0000 UTC
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Pull back has started today and I am glad it did before running away without any structure, I have added in the standard ABC corrective way, finishing at the 0.618 Fib, as we know, Subwave 2 can fi...
2023-04-19 18:18:21 +0000 UTC
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No changes to the chart, down -4% today after a mixed report, overall, it wasn't too far off what analysts expected but growth slowed and this is possibly the reason behind the decline today. The c...
2023-04-19 18:14:19 +0000 UTC
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$SOFI has been holding the 0.618 very well and staying above the 200 Day MA, it has weathered the financial storm very well and as the earnings come in and pass us, if this can go above the 50 Day ...
2023-04-19 18:11:27 +0000 UTC
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Performing well again today while the market struggles,above the 0.38 Fib now and I am watching for it move up to the 0.236 Fib at $37.20.
Potential big test at the yellow trend line at $40, ...
2023-04-19 16:38:54 +0000 UTC
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Just held at the yellow trend line and where the blue line intersect each other today, will need to hold this line to keep the impulse green line alive, below this and it could come down to the Wav...
2023-04-19 16:30:59 +0000 UTC
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In my last two weekend updates of $INTC we spoke about not being convinced of this move from $INTC and we are seeing signs of this pull back now, it has just dipped below the yellow line today, it ...
2023-04-19 16:10:54 +0000 UTC
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Some people online were surprised to see Bitcoin drop today, but this is the same chart that we have been referencing for the last few weeks and it showed Subwave 5 of Wave 1 topping out and pullin...
2023-04-19 15:39:39 +0000 UTC
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We wanted to see $NIO end below the 0.38 Fib and the $9.53 price yesterday, to show a firm rejection of the important fib levels, we achieved all of that yesterday and the PM today has the price co...
2023-04-19 10:38:30 +0000 UTC
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A lot of requests for crypto lately now. $SOL's set up is not as clean as some of the others I have uploaded lately, looking like an ABC count here, while many others are giving a stronger impulse ...
2023-04-19 09:56:23 +0000 UTC
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I like the structure here, the red ABC has behaved very well and then followed a sideways corrective wave, the sideways count incorporates 3 ABC's in them too, so I expect the final wave to repeat ...
2023-04-19 09:53:53 +0000 UTC
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Has now gone below that important $1 level, it may get a ruling from the NASDAQ that it must be above $1 within 60 days.
The chart is showing one of the strictest wedges I have seen, si...
2023-04-19 09:51:18 +0000 UTC
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Crypto is not immune from the red PM and a lot of coins are down this morning, like the majority of stocks, so we will see how this develops. For now, the structure here is very good and pulled bac...
2023-04-19 09:47:20 +0000 UTC
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I am not seeing an impulse waves here, this was pumped hard after a flat earnings and came back down and has no risen again after a contract was won....I need to see more stability here before bein...
2023-04-19 09:44:54 +0000 UTC
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$TSLA announced late yesterday that they have price cut again, for the 6th time this year, we can gather from this that they are trying to shore up demand by bringing in customers at different pric...
2023-04-19 09:43:08 +0000 UTC
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Fastly approaching the the wedge trend line at $7.50, it needs to hold this line, below it and it is in trouble.....if it can hold the trend line then it has a chance to bounce within the wedge aga...
2023-04-18 19:33:42 +0000 UTC
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Overall the structure looks like a sideways WXY consolidating count, that being said, if it can hold the 0.618 Fib and maintains support, this could possibly turn impulsive. I would need to see it ...
2023-04-18 19:09:41 +0000 UTC
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The apex of the wedge finishes exactly at when the earnings report is due, it tells me that the market needs more information to decide on the direction here, the last earnings report was a difficu...
2023-04-18 18:31:39 +0000 UTC
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$NIO really does love a Fib level, yesterday we spoke about it moving up to the 0.618 Fib, it could have gone higher but it stopped at the likely spot and has come down since, it has dropped below ...
2023-04-18 18:23:33 +0000 UTC
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Really nice chart here, last week we spoke about this looking to break out, it did exactly that, it then came back to retest the blue line and then took off again and comfortably in Wave 3 now........
2023-04-18 16:52:11 +0000 UTC
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