Total market capTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Link to previous chart:
If you press play on the previous chart, you'll see that I missed the top. The retracement also went a bit further down than my prediction. We should be going up soon if this new chart is correct. On this new chart you can see that the first wave has about 1080 bars (each day is a bar) and the 3rd wave has about 1060 bars and the 5th wave has about 490 bars (predicted); This is one scenario in which the 3rd wave isn't the shortest, but we never know where the 5th wave top might be. On the chart down below, I'll show another scenario that is a bit more highly possible.
CMC
CWSFF / CMC - Diamond in the ruff! Must add to your portfolioQuick little overview of Cielo Waste Solutions. This is a company thats paying off debt early, rapidly expanding, and receiving the funding to do so. Cielo is primed to make moves in the coming weeks. Longer term, this company will break $30 pps in the coming years, without question. This was originally discovered by a good friend of mine "PennyQueen", and it shows insane promise. That's why I see this as a must add to your portfolio. Though it's in its infancy, under $10, this is a gift right now! Happy trading everyone.
$CMC Bearish Unusual Options Activity$CMC Commercial Metals Company - Bearish Unusual Options Activity
$1M Bearish Short Call - 7,500 May $30.00 calls sold today (53x open interest)
14 month uptrend line broke down earlier this week. 9d ema line held as resistance today.
Near term target: $26-$27 range by end of April
Note: This is NOT investment advice. Educational only.
BTC - PUMP - 11200 USD - Alaa Mekki PredictionIf you take a look at " W " in the past what I have mentioned in our chart. Alaa Mekki is nowadays famous for crypto news. Matrix-Coin is doing great and they are providing a lot of stuff one of them is a prediction about cryptocurrencies price too. They said that bitcoin is likely to go to 11200 USD on 24 August the dump was mentioned before on our main website. Which is quite showing the 100% same prediction.
So stay in touch with us.
We will likely update you.
5 MILLION SHARES, BUYOUT / GOING PRIVATE. VALUE PLAY, STRONG BUYWe have been in and out of Cliffs for a while.
Recently, the stock again popped up on our scanner.
Cliffs is the oldest iron ore company founded in 1847
We did hear a rumor of a possible buyout / merger and even the potential for the company to go Private. If either of these rumors pan out, we think the stock is worth at minimum, $20 all day long!
Currently the stock is trading at an extreme discount to the industry. In fact, J.P. Morgan just raised the price target to $17.00 due to the high demand for Cliffs Iron Ore.
The stock should be trading around $15.00 right now and upwards of $18 to $20 after the next earnings report.
At current levels, Cliffs is a GIFT!
We are currently only holding CLIFFS and 4 other positions. Everything else we've posted and sold has produced us great returns.
Our track record within TradingView speaks loud and clear!
Position: 5 Million Shares
Average Cost: $9.75
LONG
$CMC Bullish LT Channel$CMC Commercial Metals Company has been in a tight trading range for the last two months. It looks to be approaching a buy point at the lower support line of a long term bullish channel. I see 30%+ upside from this level by year-end possible, so long as the lower support line holds.
(Also of note, it seems like any stock with ticker C_C has done very well this month so it also has that going for it - i.e. $CGC $CRC)
Long term target - $29 by year-end (assumes a solid earnings report end of October)
Note: Informational analysis, not investment advice.