AMZN: Sell Zone is 3520-3670AMZN just finished up its W-4 pull back as expected. However, price was about $80 shy of reaching our buying zone at $3100-3000, but the bottom appears to be in now. AMZN should rally about 10% by the end of month to complete its W-5. It should maintain the support trend line you see on the chart. After we reach the selling zone you will want to "Sell in May and Go away" because AMZN will then begin its larger degree W-2 pullback that will bring price back to about the $3100-3000 level. I will be selling covered calls against my shares to protect my gains once we reach the selling zone.
Fibonacci Extension
VALE: Uber Bullish setup for 2022, 40+Vale has a very bullish 1-2, 1-2 set up right now. This stock should reach at least the $40 level by Q4 2022 or Q1 2023 because that is where the 1.382 - 1.618 fibonacci extensions project to, which are the standard targets for a W-3. This count matches up well with the broader economic themes for 2022 of inflation, a weakening dollar, and increased investment in emerging markets. I have a large position in Vale.
SPY: Sell Zone is 480-490. New ATH by MayAs we expected, SPY completed its 4th wave and tagged the .382 fibonacci retracement of the 3rd wave. Now, SPY will begin a multi-week rally that will take price to the $480-490 level by approximately the beginning of May. Then you will want to "Sell in May and go away" because SPY should then retest the $430 level for support. Still on track for $550 by Q4 22 or Q1 23.
MATIC/USDT - LONG IDEA MATIC/USDT - LONG IDEA
The Market has moved into the Buy Zone off the Daily Timeframe and forming a nice up channel which acts as Support and Resistance moving towards our Target of 1.822.
A Gartley has just been fulfilled off the 4 hour timeframe which normally could signify the new low price for us buy the market on our way up to our daily target 1.822.
We have found that there's a inner up channel trendline and a outer trendline , the question would be will the Market reverse now or will the market want to test the outer trendline which also acts as a Support Level as well.
Trade :
TP : 1.822
SL : 1.195
THE MONSTER OF GOLD IS PREPARING TO HIT HARDHello traders,
We are still bearish for gold as we can see appering the Left Shoulder, the Head and he Right shoulder of the Gold Monster Pattern
After hitting massive Elliot Wave objective for an ABC pattern:
161% for the big Orange C
361% for the Light Orange C of the big Orange
You can check attach the Related ideas about this chart
DOT/USD LONG IDEADOT/USD LONG IDEA
DOT/USD has broken into our Buy Zone Area we now looking for low prices to Buy up towards our Daily Target of 27.87917600
A nice up channel has formed and we going to use it as Support Resistance Levels to guide us to put Take profit levels identified .
TP1 : 27.87917600
TP 2 : 25.32764000
SL : 13.79581645
TEZOS (XTZUSD)- LONG IDEA TEZOS (XTZUSD)- LONG IDEA
Tezos has broke into our Buy Zone Area off the Daily Timeframe we are now looking for low prices to Buy up towards our Daily Target of 4.3566.
We have established an up trend/channel and looking to buy the counter trend break towards our Target 4.3566.
Path 1 : If the channel holds then we could see the Market reversing off that support trendline towards our Target of 4.3566 .
Path 2: If the trendline fails we have seen a strong Support Level below the trendline which could start the reversal to the upside towards our Target of 4.3566 .
Take Profit : 4.3566
Stop Loss : 2.3736
QQQ: Sell Zone is 381-387QQQ is finishing up its 4th wave pullback, and should begin to rally towards my target zone of the 2.382 - 2.618 fibonacci extensions, which corresponds to a price target of about 381-387 for Wave 5. After that, QQQ should have a larger degree 2nd wave pullback to about the 330-340 region, so you will have plenty of time to add to your position in the coming month or two.
NVDA: Sell Zone is 310-320As expected, NVDA is completing its 4th wave pullback. It should begin its uptrend in the next day or two. Upside target zone for W-5 is around the 3.382 extension, which is about $310-320. After that, NVDA will have another deep pullback to about today's levels, so there will be plenty of opportunity to add if you do not currently have funds available. I will be selling CCs against my shares once we reach the 310 region. Always stay patient and never stay married to an idea if price begins to tell a different story.
Pfizer: Buy Zone is 50-52Pfizer is still working on its 5-wave move off the low. Over the next few days it should finish up this W-4 which would take price to the 50-52 region at least. After that, I expect Pfizer should complete its 5-wave move with a push up to about the 58-60 level. However, after that it should return to approximately current levels again, so there will be plenty of opportunity to accumulate shares over the next couple weeks. I suspect this stock can reach 70-80 range this year.
Rise to 50 000 before the next drop BTC broke above the previous highs at 45K and it's now in a consolidation, we can also see a triangle forming.
It's more likely to see another push up and price reaching values slightly above 50K.
That's where many buyers will enter the market but we're still expecting that there's going to be another big drop to 30K.
Short-term we're looking for a move up to 50K but then another meltdown.
Follow the analysis to find out when exactly the reversal will happen.
LONG IDEA - EURJPY LONG IDEA - EURJPY
Based off the Monthly Timeframe we have moved into the Buy Zone and now looking to Buy the market .
If the Analysis holds true we anticipate the market push Bullish towards our daily Target of 145.733.
The previous resistance could potentially become the new support round about 133.138 area .
We as see a strong support level between 127.892 - 128.433 which the market could Potentially come back to and rally towards our Target of 145.733.
TP 1 - 141.131
TP 2 - 145.733
SL - 121.425
Long Idea GBP/JPYLong Idea GBP/JPY:
Based on our Analysis we see a Strong Up Channel based off the Daily time frame Making HH and HL we anticipate a pull back and then a further push to the upside to our 3 Take Profit Areas highlighted .
TP1 : 169.067
TP 2 : 170.467 (Monthly Take Profit)
TP 3 : 174.707
SL : 147.034
If the market does a Deeper retrenchment to our second entry point highlighted round about 152.337
our Take profit analysis will stop at TP 2 : 170.467 (Monthly Take Profit) we will then anticipate a Larger than normal retracement.
4/3/22 CEIXCONSOL Energy Inc. ( NYSE:CEIX )
Sector: Energy Minerals (Coal)
Market Capitalization: 1.350B
Current Price: $38.77
Breakout price (hold above): $38.50
Buy Zone (Top/Bottom Range): $36.35-$31.75
Price Target: $46.20-$47.80 (3rd)
Estimated Duration to Target: 49-52d (3rd)
Contract of Interest: $CEIX 6/17/22 40c
Trade price as of publish date: $3.50/contract
SLP Prediction for Long TermIn the daily timeframe of SLP, we have ended the bearish cycle. We are now currently in the beginning of a bullish cycle. Using Elliot Wave Fibonacci levels, I predict that we will hit 0.0566 , from there we will retrace to 0.0410 , and lastly we will jump high to 0.0855 . In the retracement for wave 2 there is a double EMA cross which is a good buy signal for long term. Looking as well on the volume, we had a high volume rally in wave 1 and the retracement was low volume, this is a good sign that SLP will go very high in the near future. SLP is now on the bullish cycle and I think that SLP will reach its ATH by the end of the year. Origin is fast approaching and once it comes out, we will see the biggest pump of SLP for this year. As long as SLP is above the RSI level, SLP will have good results.
ZECUSDT wants to go more higher The price created a double bottom on the monthly support on 86$ and created an inverse head and shoulder with the dynamic resistance.
After the breakout, the price had a retest of the neckline and started with a very nice bull run.
Actually, the price is creating an ascending channel on 4h timeframe and had a breakout from the weekly resistance on 192$. As you can see on the daily timeframe, the price is testing the 0.618 Fibonacci level exactly on the 4h resistance (215$)
How to approach?
We could see a retest of the weekly resistance on the 192$, the price needs to confirm the flip and grab new liquidity for the next bullish impulse.
Otherwise, if the buyers push up again, we could see the breakout of the next key level 214$. So, I'd like to see a clear breakout of 4h resistance, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
SPX Elliott Wave AnalysisSince SPX is rejecting from the 1.618 extension almost exactly, it's looking to me like an Elliott Wave impulse starting a wave 4 correction. That would bring price down about another 3% to the range POC/.382 - .5 retracement (a zone around the top of wave 1). Speedfan and fib time pull for approximate time.