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Alphabet (GOOGL): Perfect wave reaction. This is our planWhat can we say except—just take a look at this. Alphabet ( NASDAQ:GOOGL ) has followed our analysis perfectly over the last two months, reacting strongly to the targeted area for wave B and selling off immediately after reaching the exact 78.6% Fibonacci retracement. Fundamentally, pressure is mounting on Alphabet. Last Wednesday, U.S. prosecutors presented a case to the Department of Justice arguing that Google must sell its Chrome browser, share data and search results with rivals, and potentially sell Android to dismantle its monopoly on online search. This landmark case could reshape how users find information, creating uncertainty around Alphabet’s future operational structure. From a technical perspective, we still anticipate more downside for $GOOGL. The level of $137.8 now appears even more significant. It aligns with the Fibonacci retracement of wave (2), the Point of Control (POC), and the wave C target—an extremely strong confluence zone. This makes $137.8 a likely magnet and a strong candidate for support, offering a potentially lucrative long setup if the price reaches this level. We are monitoring closely to see how NASDAQ:GOOGL performs in the coming weeks and how these levels react to ongoing market conditions and DOJ pressures.
NASDAQ:GOOGL
by freeguy_by_wmc
NVDA Topping PatternUnlike the previous call, I made in NVDA that was corrective. This double-top pattern is signaling a reversal pattern. From a trading perspective, this is a great risk/reward setup that is relatively simple. A CRACK! here will likely lead to at least the right side filling, with the potential deeper pullback (reversal) If on the other hand, it pops above recent highs then no trade or an easy stop out. As you all know I don't do targets, I think they are silly and only used to pretend one has such insight not only can they call the move but also a "target" too. Yeah well, I'll leave that to the "experts" ;) Bulls don't be a dick for tick. Shorts take some early profits to improve cost basis but let this one ride!
NASDAQ:NVDAShort
by RealMacro
5
Target (TGT): A Buying Opportunity in the GapAfter three months of waiting and planning this setup on NYSE:TGT , we are finally buying shares following the recent drop into the desired breakout gap. Before this move, the stock hovered around the Point of Control (POC), making a breakout in either direction inevitable. This decline now provides a more favorable risk-to-reward ratio, setting us up to aim for the all-time highs once again. If the level of wave (4) is breached, we will need to reassess our bullish outlook and consider a potential deeper correction. However, the setup remains promising as the 78.6% and 88.2% Fibonacci retracements align perfectly with the lower edge of the gap. Historically, NYSE:TGT ’s oversold RSI since 2019 has led to a minimum 50% pump in four out of six cases, further solidifying our bullish view. The next critical level to watch is $180—reclaiming this resistance will be crucial for continued upward movement. Until then, we will stay patient and monitor the situation. ✅
NYSE:TGTLong
by freeguy_by_wmc
McDonald’s (MCD): Crisis Management and Market ReactionWhat a perfect flat this is on McDonald’s. Already back in the range and finished the wave ((ii)) at the 50% Fibonacci retracement level. Far more downside is expected for $MCD. If we are right about this intra wave count, we should see the level of wave ((iii)) to be at a minimum of $258.5. The outbreak that caused the big drop was linked to slivered onions used in Quarter Pounder burgers, which affected 104 individuals across 14 states and resulted in one death. To address the crisis, McDonald’s will invest $35 million in marketing and advertising campaigns to rebuild customer trust and foot traffic. Additionally, $65 million will be directed toward franchisee support, including deferrals on rent and royalties. To recover from this significant image damage, it will likely take much time for NYSE:MCD to resolve these challenges. Therefore, it would also be valid if NYSE:MCD sweeps the range low at the level of $245 before coming back to at least the range middle.
NYSE:MCDShort
by freeguy_by_wmc
QUALCOMM (QCOM): Diversified Growth Amid DowntrendQualcomm ( NASDAQ:QCOM ) presents an intriguing setup as we believe the wave I and a larger cycle might have concluded. Following its peak, NASDAQ:QCOM has dropped nearly 30%, retracing back to the range high. To finalize wave (A), we expect an additional leg down to complete the intra 5-wave structure. The likely target lies between $143 and $133, a range that aligns well with the Point of Control (POC) from March 2020 to now. This adds confluence to its significance as a potential support zone. Despite the technical setup, we caution that the risk for a long position remains high. A more favorable entry could arise once NASDAQ:QCOM reclaims the range, validating the start of a potential bullish wave. For the current quarter, Qualcomm projects revenues between $10.5 billion and $11.3 billion, with automotive sales anticipated to rise 50% year over year. CEO Cristiano Amon’s strategy to diversify Qualcomm beyond smartphones into chips for PCs, cars, and industrial machines underscores the company’s adaptability. The next financial results release is scheduled for January 29, 2025, offering further insights into Qualcomm’s trajectory. The $143-$133 range is a key zone for potential support, bolstered by its alignment with the POC. A decisive break below this zone could invalidate the bullish outlook, while a breakout above the range high may provide an opportunity to long this stock with lower risk. The completion of wave (A) would ideally coincide with a structural turnaround. We are closely monitoring NASDAQ:QCOM for any signs of a reversal. Should the stock confirm a reclaim of the range, we may consider initiating a long position with a more precise stop-loss strategy. Until then, patience and vigilance are essential.
NASDAQ:QCOM
by freeguy_by_wmc
Could BarbieCrashBandicootRFK88 ($SOLANA) be the Next Shiba?The crypto world never ceases to amaze with its innovations, and today, we turn our attention to BarbieCrashBandicootRFK88 ($SOLANA). This unique token combines elements of meme culture and utility, offering early investors a promising opportunity to capitalize on the upcoming bull market. While it may seem unconventional, this token is not just a novelty—it's a strategic play for savvy traders. Why BarbieCrashBandicootRFK88 Stands Out 1. Early-Stage Opportunity: With just 2.99k holders, BarbieCrashBandicootRFK88 (SOLANA) is in its infancy. It is not yet listed on any centralized exchanges (CEXs), making it an untapped opportunity for those looking to position themselves before mainstream adoption. 2. Meme Meets Utility: Inspired by the concept of low gas fees that made Solana famous, this token mimics Solana's efficiency while leveraging the viral appeal of meme tokens like $SHIBA. As Murad, a prominent crypto analyst, recently stated, "Memecoins are now offering more utility than the altcoins we know." 3. Humanitarian Connection: The crypto industry has often demonstrated its ability to impact humanity positively. The story of Vitalik Buterin donating billions worth of $SHIBA to natural disaster victims serves as a precedent. Tokens like BarbieCrashBandicootRFK88 are positioning themselves at the intersection of meme culture and real-world impact. 4. Market Data: - Trading Volume: $100,363 in the last 24 hours, despite a recent 43.20% dip. - Market Cap: $1,810,585, ranking it #2973 on CoinGecko. - Token Supply: 890 trillion tokens in circulation. - Price Range: The current price is 86.30% below its all-time high of $0.00000071485, recorded on Oct 26, 2023, but 1,297.28% above its all-time low of $0.0000000091456 on Sep 18, 2023. These fundamentals suggest a token with significant upside potential, especially as market activity stabilizes and liquidity increases. Technical Analysis On the daily price chart, $SOLANA is forming a bullish symmetrical triangle. This pattern historically precedes upward breakouts, with a potential rise to $0.000000072, coinciding with the October highs. This represents an estimated 254% surge from current levels. The Relative Strength Index (RSI) stands at 46, a neutral yet bullish zone suggesting the token is neither overbought nor oversold. This provides ample room for upward movement. Similarly, A golden cross is forming as the 50-day moving average (MA) crosses above the 200-day MA, a classic bullish indicator that has historically signaled sustained price rallies. How to Buy BarbieCrashBandicootRFK88 ($SOLANA) The token is currently available on decentralized exchanges, with Uniswap V2 (Ethereum) being the most popular platform. The active trading pair SOLANA/WETH recorded a 24-hour trading volume of $100,333, showcasing growing interest. Conclusion BarbieCrashBandicootRFK88 ($SOLANA) is more than just another token—it represents a fusion of meme culture and blockchain utility. With its early-stage status, strong technical setup, and alignment with the growing trend of utility-rich memecoins, this token could be a game-changer. As the market braces for the next bull run, now might be the perfect time to explore BarbieCrashBandicootRFK88 and secure a position before it gains broader recognition. Keep an eye on this potential breakout gem—it could redefine your portfolio.
UNISWAP:SOLANAWETH_41F50F.USDLong
by DEXWireNews
Palantir looks like a classic Bubble in the MAKINGNow I don't like picking tops and bottoms, so that's why I have chosen Neutral for this. However, the market is driven by more greed and potentially soon Fear than usual. ANy market that climbs beyond 60 degree inclination, should indiate potential warnings of a major crash to come. That's because, it gets to the points where the NAV is far below the actual price. And what drove the market is perception of the people, which is fickle. So we can watch and see how it plays out - But no way would I buy with a market that looks like this.
P
by Timonrosso
2
Market SnapshotA month or so ago we published an idea titled, Election Surprise, that essentially said it does not matter who wins the U.S. election...the market is still setting up for a massive downturn What will be the catalyst? Don't know but if we had to guess it will materialize in the Banking sector Commercial Real Estate bubble finally bursting maybe? Again we don't know or care what causes the downturn..we just know that something is coming and we are preparing accordingly But hey..maybe we are wrong :)
SP:SPX
by Heartbeat_Trading
Airbnb (ABNB): Bearish Setup or a Bullish Surprise?After finding support at $113, Airbnb NASDAQ:ABNB is experiencing a rapid rise, efficiently collecting all the imbalances left behind from the previous drop. As we approach Airbnb’s earnings report this Thursday, the company is expected to post a year-over-year decline in earnings, despite higher revenues for the quarter ending September 2024. The sustainability of any immediate price changes and future expectations will largely depend on management’s discussion during the earnings call. While we don’t base our strategy solely on the earnings outcome, it’s crucial to note that a favorable outlook from management could give the stock a short-term boost. Still, despite the potential for this optimism, our analysis remains bearish on NASDAQ:ABNB for the foreseeable future. Technically, the 61.8% Fibonacci level aligns perfectly with the point of control from the past three years, offering a strong setup. If this level is reached, it would also complete the filling of any remaining price imbalances. This makes for a compelling hedge against our other swing-long positions. We aren’t setting a limit order just yet. We prefer to observe the market’s reaction to the earnings report before making a move. This could mean placing the limit order the following day, depending on how NASDAQ:ABNB behaves during and after the earnings call. For now, we remain patient and prepared.
NASDAQ:ABNBShort
by freeguy_by_wmc
Nasdaq (NDX): US Election Hype vs RealityThe US Elections are just around the corner – a global event that everyone is eagerly anticipating. But the big question remains: Will the election results really have a massive impact on the financial markets? Or, at the end of the day, does it even matter who wins – Kamala Harris or Donald Trump? 🤔 We shared our view months ago: It doesn’t matter who takes the presidency. We firmly believe that a major market correction is inevitable, regardless of the election outcome. The timing? Impossible to predict. But one thing is clear: the warning signs are everywhere. From rising unemployment and skyrocketing debt to relentless inflation, the economic data paints a bleak picture, reinforcing our thesis. Looking at the weekly NASDAQ:NDX chart, a drop of over 20% could definitely happen. This isn’t something to ignore. But even in the middle of this chaos, there is a golden opportunity: A significant downturn could present a rare chance to accumulate high-quality assets at very cheap prices. This could be the moment to build a perfect portfolio, positioning yourself for long-term gains when the market rebounds. So, how should you approach this? See the upcoming volatility as an opportunity, not a threat. Secure your open positions, stay adaptable, keep an eye on the markets, and buy strong assets undervalued. And most importantly: Sit back and enjoy the show that both the markets and the political landscape are about to deliver! 🍿
NASDAQ:NDXShort
by freeguy_by_wmc
2
Coca-Cola (KO): Pullback Opportunity as Limit Order FillsOur first limit order for Coca-Cola was filled last Friday as the stock retraced over 11% from its peak at the upper trendline. Despite Coca-Cola's management expressing confidence in their recent performance, investors remain cautious. Zoran Bogdanovic, CEO of Coca-Cola HBC AG, stated, “I am pleased that our Q3 results build on the strength of our first half... However, we remain mindful of macroeconomic and geopolitical challenges.” This pullback appears to be a natural and necessary correction. Coca-Cola is typically a slow-moving, stable stock, and its surprising 43% rise over the past year warranted a healthy correction. The RSI is inching closer to the oversold zone, and a hidden bullish divergence is forming, lending support to our long-term bullish outlook. We’re prepared for a deeper retracement and have a second limit order set in the middle of the golden pocket (50-61.8% Fibonacci retracement), just above the Point of Control (POC). Given Coca-Cola’s reputation as a stable “safe haven” stock rather than a volatile investment, we’re maintaining a patient and calculated approach.
NYSE:KOLong
by freeguy_by_wmc
US's Resilient Economy Attracts European InvestorsHello! Chart Explanation & Indicators EURUSD has been bearish since the weak higher high on 25 September. You find this level in the upper zone. When MACD crossed to the bearish side on 30 September, EUR started a spectacular crash into the bottom zone. EUR pierced the bottom zone and now sits on the trendline. Historically, EUR rallied from this trendline on 27 June and 02 August, as the red circles demonstrate. Rising trendlines, however, tend to break downward eventually. MACD has an active bearish cross and a definite bearish trend. Momentum is growing more hefty to the bearish side. Bears could target the white zone at $1.088 or lower. Technical Zones There are two horizontal, red rectangular zones on the chart. The upper zone and the bottom zone . The bottom zone contained support levels where the EUR could bounce on 16 August and 12 September and hit the resistances of the upper zone. However, the EUR lost the support zone. The bottom zone might have become another resistance. The price sits on a rising, red support trendline now. The next zone that might function as a support is around $1.088. Conclusion The setup suggests a short position. The price resting on a supportive trendline casts a shadow on the suggestion. The signal might be bearish, but the entry doesn't seem ideal. I'll wait for the setup to change for a new assessment or the price action to align with the setup to catch a neat entry. Thankfully to all followers, Ely
Short
by Elysian_Mind
Light Crude Oil Futures: Mid East Tensions Fuel Price Surge!Light Crude Oil Futures (CL): NYMEX:CL1! As mentioned in our morning briefing, oil is currently extremely interesting, partly due to increasing tensions in the Middle East and the destruction of oil reserves there as well as in Russia. Consequently, oil prices have surged significantly. We are currently at a level of $85, but we still consider it quite likely that the Wave Y and the overarching Wave II have not yet concluded. We expect a three-part movement towards Y, with this Y anticipated to be in the range between 127.2% and 161.8% of a Wave C. This would place it between $63.2 and $57.4, nearly forming a double bottom with Wave ((b)) at $63.64. We would invalidate this scenario and consider a bullish outlook if we surpass the $90 mark in Crude Oil Futures. Should the price fall from here, we would then expect a five-wave structure downwards. However, caution is advised with oil due to the significant political and geopolitical influences on its price. The upcoming elections at the end of the year are particularly noteworthy, as a lower gasoline price in America is hugely important for electoral success, ensuring wins. With rising oil prices and the depletion of reserves, with hardly any reserves left in America, it will likely be necessary to purchase a large amount of oil. Considering the current economic stance of America, this task appears challenging. There is only one option if the goal is to lower oil prices for repurchasing. Even a $20 difference is substantial when buying as much oil as a country the size of America needs. Therefore, we still expect prices to fall further before we see a reversal.
NYMEX:CL1!Short
by freeguy_by_wmc
The U.S. Markets are likely to have one last push before....The U.S. markets have been inflated to the point of near exhaustion, propped up by nothing more than a money printer that goes brrr... brrrr... brrrrrrrrrrr. However, this seemingly never-ending run is coming to an end. Trump will most likely be elected president again. His first term (45) and his second term (47) will likely mark the greatest market crash of all time—the end of the everything bubble! 4 + 5 = 9; 4 + 7 = 11; 9 + 11 = 20. They will likely prop the market up until his administration takes power, then... Shorting these markets will be the opportunity of a lifetime! Good luck, and always use a stop loss!
SP:SPX
by MetaShackle