ETH update (H&S pattern awaiting confirmation-s?) In this chart I have drawn a channel containing and highlighting the H&S pattern developed by PA. the first shoulder and the head developed as a double top, and the second shoulder as a confirmation for the double top.
Now the last thing to wait for is a confirmation of the H&S pattern. I see two possible scenarios, the first one with one confirmation and then dump, which honestly I see as unlikely to happen.
Usually PA has a fractalic behavior, which makes me think that we are going to see a double confirmation on the H&S pattern similarly to what happened in the case of the double top, with maybe a smaller H&S pattern developing under the channel as a confirmation.
Fractality
$PLTR Bullish OutlookProfile:
Palantir Technologies, Inc. is a holding company, which engages in the development of data integration and software solutions. It operates through the Commercial and Government segments. The Commercial segment offers services to clients in the private sector. The Government segment provides solutions to the United States (US) federal government and non-US governments. It offers automotive, financial compliance, legal intelligence, mergers and acquisitions solutions. Its products include Palantir Gotham and Palantir Foundry. The company was founded by Stephen Cohen, Nathan Dale Gettings, Joseph Lonsdale, Alexander C. Karp, and Peter Andreas Thiel in 2003 and is headquartered in Denver, CO.
Analysis Idea:
Price Action seems to have arrived at a turning point, as the correction structure seems to indicate. If this analysis is accurate, we have an excellent Entry Point with very low-risk exposure compared to the gains expected.
PE (Point of Entry): $24.90 - $26.00
SL (Stop Loss): $17.06 (~32%)
TP (Take Profit): $45.00 (~80%)
Projected Performance: ~80%
Position Span: Medium Term (6-10 Weeks)
$ETH Personal OutlookHi fellow traders!,
I have two alternatives for Ethereum:
1. The price already finished the correction and it's starting to develop it Impulsive waves to the upside. Or...
2. The price is still developing the correction and is missing Wave C, which is usually a pretty sharp movement of 5 waves to the downside.
Check the video and post your comments!
$BTC Moving as Projected. Expect lower prices.My forecast alternative #2 it's respecting the path... Keep and eye on your Long positions to reduce your loses. I am shorting $BTC with a target being around $50k to $48k range, but still expecting prices to reach lower prices at the levels around $43k.
APPN ForecastApr 23, 2021 • Fractal Rider Forecast | Analysis
Market: Equities
Sector: Technology Services
$APPN - Appian Corporation
Profile:
Appian Corp. provides business process management (BPM) solutions. Its BPM tools automate and measures business processes. The firm's products include BPM software, case management, mobile application development, and platform-as-a-service. The company was founded by Matt Calkins, Robert C. Kramer, Marc Wilson, and Michael Beckley in 1999 and is headquartered in Reston, VA.
Analysis Idea:
Price Action seems to have arrived at a turning point, as the correction structure seems to indicate. If this analysis is accurate, we have an excellent Entry Point with very low-risk exposure.
Trading Signal:
PE (Point of Entry): $132.00 - $142.00
SL (Stop Loss): $114.45
TP1 (Take Profit): $260.00 (~99%)
TP2 (Take Profit): $301.57 (~231%)
Projected Performance: ~231%
Position Span: Medium Term (12-18 Weeks)
$MUR - Murphy Oil ForecastApr 14, 2021 • Fractal Rider Forecast | Analysis
Market: Equities
Sector: Energy Minerals
$MUR - Murphy Oil
Profile:
Murphy Oil Corp. is a holding company, which engages in the exploration and production of oil and natural gas. It operates through the Exploration and Production and Corporate and Other segment. The Exploration and Production segment includes the United States, Canada, and all other countries. The Corporate and Other segment focuses on interest income, other gains and losses, interest expense, and unallocated overhead. The company was founded by Charles H. Murphy Jr. in 1950 and is headquartered in Houston, TX.
Analysis Idea:
Market looks bullish on the Dominant/Primary Trend. It seems to be developing an extended Wave 3 of a Minor degree at the moment.
The current correction pattern looks like a Triangle Structure. I will keep and eye on the price action to determine the Entry and Exit Points. I Will keep you posted.
$TESLA Outlook. For me it's bullish!Apr 14, 2021 • Fractal Rider Forecast | Analysis
$TESLA - Tesla
Profile:
Tesla, Inc. engages in the design, development, manufacture, and sale of fully electric vehicles, energy generation and storage systems. It also provides vehicle service centers, supercharger station, and self-driving capability. The company operates through the following segments: Automotive and Energy Generation and Storage. The Automotive segment includes the design, development, manufacture and sale of electric vehicles. The Energy Generation and Storage segment includes the design, manufacture, installation, sale, and lease of stationary energy storage products and solar energy systems, and sale of electricity generated by its solar energy systems to customers. It develops energy storage products for use in homes, commercial facilities and utility sites. The company was founded by Jeffrey B. Straubel, Elon Reeve Musk, Martin Eberhard, and Marc Tarpenning on July 1, 2003 and is headquartered in Palo Alto, CA.
Trading Signal:
PE (Point of Entry): $708.16
PRE (Point of Re-Entry): $781.00
SL (Stop Loss): $591.01
TP1 (Take Profit): $901.89
Projected Performance: ~27%
Position Span: Medium Term (1-2 Weeks)