I have drawn in a second support line from the two lows to show where support has been. I do not normally draw a second line because I believe it is correct to draw a support line from the first an...
2023-03-26 19:49:17 +0000 UTC View Post
Another consistently reliable member of the Top 20 List, Amber Wave 3 has behaved very well and we are looking for a bounce now to meet the 200 Day MA and then reject and then come down for Wave 5 ...
2023-03-26 19:41:25 +0000 UTC View Post
Very similar to $ABNB in many ways, pulling back from $10.30 to $7.20 and finding some support over the last week and a half when it really needed to. Just sitting on the 200 Day MA with the 50 Day...
2023-03-26 19:36:21 +0000 UTC View Post
Naturally I am happy to see this pull back and we did not chase this when it went as high as $144 after its parabolic move, the structure again is not impulsive, so it is likely that Wave C finishe...
2023-03-26 19:27:42 +0000 UTC View Post
Continues its wild swings at at a higher frequency lately and that is understandable considering everything that is at play now, the trend continues to follow through this parallel line range, like...
2023-03-26 19:21:14 +0000 UTC View Post
Unlike a lot of our other uploads this weekend, $F is not looking complex and hasn't for awhile, it just moves very slowly and thats why the boomers love it. Gives them plenty of time to get in and...
2023-03-26 19:13:04 +0000 UTC View Post
OK $GOOG has gone very complex now because it has broke out of the red channel and above the 200 Day MA but the entire move is not an impulse wave and has gone into a bear flag now....in line with ...
2023-03-26 19:02:12 +0000 UTC View Post
I uploaded this chart on Weds night and very little has changed since then, as the weeks price action peaked on Weds. For now, the price action has broken above the ascending triangle and holding t...
2023-03-26 18:37:56 +0000 UTC View Post
Just an update to reference the potential Head and Shoulders pattern I spoke about in my $SPY UPDATE.
2023-03-26 11:45:15 +0000 UTC View Post
Almost identical to $NVDA here, went all the way to the Wave 3 point at $100 and took a breather and pulled back, we still need to see more to confirm whether it is coming back for Wave 4 now but t...
2023-03-26 11:29:49 +0000 UTC View Post
Very little has changed over the last week, $CS collapse did not have the same effect as $SVB and Signature collapsing, where we saw large amounts of money being transferred to $BTC as people becam...
2023-03-26 11:22:00 +0000 UTC View Post
If only you guys knew how long I have spent this weekend analysing the SPY chart over the last 25 years, watching for repeated patterns, MA's, fake breakouts and timings, I'm a little obsessed! Eit...
2023-03-26 11:05:24 +0000 UTC View Post
Mr solid and reliable is itching closer to making a decision and it just knocked at the 200 Day MA on Friday, a flip here and I do believe $KO is a very good store of value during this volatile tim...
2023-03-25 21:23:35 +0000 UTC View Post
Earnings report this week and it was a double beat but margins were squeezed and this pulled back but we were showing that a pull back was due anyway, it is looking like the 200 Day MA is coming up...
2023-03-25 21:19:25 +0000 UTC View Post
Rejected at the 200 Day MA here and pulled back, I am watching to see if this will move in 5 waves down next or will it attempt to break out of this range and new highs, so far the structure is not...
2023-03-25 21:16:04 +0000 UTC View Post
I chart this every day so we know where we are with this, the concern here for the bulls is the bear flag, there is a bear flag or ascending wedge on the $SPY, $MSFT, $AAPL, $QQQ and $NVDA chart, a...
2023-03-25 21:11:15 +0000 UTC View Post
Very little to report this week, it failed to go higher than the highs it hit on Friday the 17th of March a week ago, we do have Wave C at this point so it is a point where we were expecting it cou...
2023-03-25 21:01:10 +0000 UTC View Post
$AMZN is still a bit behind the other Mega Cap Stocks, in the middle of its downward channel and below its 200 Day MA, what is in its favour is that it has held the 0.65 Fib so Wave 2 complete and ...
2023-03-25 20:55:44 +0000 UTC View Post
After the large pull back on Thursday, it has still managed to hold the 0.618 Fib, reinforced by the 200 Day MA there too, has held very well today, I have a feeling Mrs Woods from ARK has enjoyed ...
2023-03-24 20:17:47 +0000 UTC View Post
Textbook stuff here so far, nice slow controlled waves moving as they should, which makes adding to our position a lot easier, 0.618 has held here, possible retest again on Monday, if it holds and ...
2023-03-24 20:13:47 +0000 UTC View Post
Nice end, finishing 6.5% up for the week, beating $MSFT which finished only 0.4% up for the week and $AAPL 3.1%, in spite of the significant attention these two were getting about holding up the ma...
2023-03-24 20:10:44 +0000 UTC View Post
Wave C hit and likely in the middle of the 5 waves move down now, 200 Day MA is jus below which may offer some support but the count is not impulsive to me right now.
2023-03-24 16:41:33 +0000 UTC View Post
It tried to hold the 0.65 Fib level but lost it, holding so far at the 0.78 Fib, would like to see it recapture the 0.65 Fib or its possible that $8 will be tested again. This may not be too bad as...
2023-03-24 16:24:16 +0000 UTC View Post
Large bounce for $XPEV, tried to get back into the wedge a number of times but buyers did not step in and it is down -4% today, similar situation to $NIO. The Wave count is looking like a perfect e...
2023-03-24 15:09:44 +0000 UTC View Post
Big test coming up for $TSLA, 50 Day MA just below and at the bear flag trend line, break below and it could move fast. If it holds then again this moves within the bear flag.....$186 previous neck...
2023-03-24 15:00:17 +0000 UTC View Post
Nice rejection at the 200 Day and no more attempts to break through the $9.53 resistance line again. As we can see from the price action now, it is curving down and the RSI was showing this even on...
2023-03-24 14:51:55 +0000 UTC View Post
Beautiful here from $BAC, head and shoulders complete and still moving down, where this finds support in the short term will give us an indication where the bottom is, for now the 1.618 Fib is look...
2023-03-24 14:25:17 +0000 UTC View Post
So far this corrective count is behaving exactly as planned and if we are in Wave C now, we expect to see Wave C fall back to Wave A or lower, it is very rare to see it Wave C finishing higher than...
2023-03-24 14:20:21 +0000 UTC View Post
Only slight change is that Wave 3 may have completed earlier but Wave 5 target remains the same, a number of Chinese stocks continue to perform very well today again.
2023-03-24 14:00:13 +0000 UTC View Post