Stacks has bottomed at the 0.618 Fibonacci retracementSTXUSDT has put down a textbook 0.618 Fibonacci retracement correction on the weekly chart.
In my Elliott Wave count, the last impulsive wave was a truncated fifth. In a new wave count, the retracement to the 0.618 Fibonacci is a corrective wave 2. Such a correction is not unusual for a corrective Wave 2.
The Tom Demark (TD) Sequential Indicator indicates a 9-candle count. This usually means that a bottom has been reached and a trend reversal will occur. It indicates a set-up to take a position in the market.
I have additionally used the Chris Moody Indicator "RSI Strategy Lower". This indicates by means of the RSI that a bottom has been reached. This can also be seen by the formed horizontal green line; this is now starting to move upwards.
If STXUSDT is preparing for an impulsive wave 3, interesting times are coming...
Tdsequential
JSE:CML Coronation for some upsideIs #CML #Coronation a buy at these levels?
Well on a weekly graph, over the past couple of years this share has traded in a descending channel. We are currently just below the mid-point of this channel.
Image 1
TD indicator on the weekly chart shows extreme oversold levels and we have reached a perfected 9.
Image 2
The stochastic indicator shows extreme oversold conditions.
Image 3
On an hourly graph the share is consolidating round R32.20, whilst the stochastic has pulled back a bit. This may set up the short term graph for a pop to the top, which will in turn initiate the turnaround on the weekly chart.
We might see Coronation running from here to close the ex-div gap at around R36.60.
Fundamentals:
Coronation is currently trading at a 7.5 PE and 13.5 DY dividend yield, which gives some protection if the share is to retest the 2020 lows as part of a capitulation turnaround.
Drop Base Drop Pattern | Next MoveWe have a drop-base-drop (DBD) pattern.
Once the price exited from the 'redistribution zone', not all sell orders were filled and there was still open interest at this level; so it pulled back to retest.
Here we have the "Evening Star" bar pattern and the TD9.
Target are displayed on the chart.
BITCOIN: SHORT TARGET $21,25069D:
- MA 3/12 Dead Cross
31D:
- TD Sequential momentum not exhausted (6/9)
31D:
- MA 3/12 Dead Cross
31D:
Patterns circled:
- Inverse Fisher ALMA upper target breach leading to lower target
- Phi3 EMA 72 target
- Increased volume
- Inverse Fisher RSI not oversold
- DMA +DI -DI cross
The bearish countdown of Td sequential is completedTD sequential bearish countdown is completed, But, on the other hand, we are witnessing the completion of a new bearish setup. This may indicate that the downtrend will not finish soon. On the other hand, the Stoke RSI has a bearish crossover in the overbought area.
First Ever TD 13 Count on Weekly Provided BTC doesn't close over $43,000 this week, the first ever TD Sequential 13 buy count in Bitcoin history on the weekly chart will print.
There have been 7 weekly 13 sell counts since 2011. Many of these occurred mid way through parabolic moves upward.
7 January 2013 - $13
7 October 2013 - $131
6 June 2016 - $665
6 March 2017 - $1.2k
30 October 2017 - $7.3k mid way through parabolic run
27 July 2020 - $11k start of post-COVID dump parabolic run
5 April 2021 - $59.3k the top
The closest there has been to a 13 buy count are as follows:
19 January 2015 - 11 count - bottom of the bear market on a closing basis
24 August 2015 - 10 count - start of the turn around into the multi-year bullrun
29 January 2019 - 11 count - bottom of 2018/19 bear market
Since there isn't any historical data to compare to in regards to a 13 buy count on a weekly basis, we will have to strap ourselves in and see what happens.
Spy in a complicated correction pattern.SPY is in a corrective pattern. It might go up a bit more, but ultimately I think the high is somewhere between those two orange dashed lines, and the low is $410 +/- $2.50 by end of week. If not then my guess is that's where it will open next Monday. I've linked a few of my previous ideas. Please excuse the rude language on two of them - I was posting them for a specific person to see.
This is just my guess. We've closed today on a black spinning top, so it could go either way. Again, I think if it bounces it will test those two orange lines, and then we'll know what will happen next.
ES Correction & Potential Bounce LevelsWe have been in a recent downtrend on $ES $SPX and a lot of traders are probably wondering where the bottom will be. A break back up toward 4553 and a hold above 4565 would signal that we have bottomed in the short term. That would not necessarily mean the bounce wouldn't fail to retest the lows but here are some potential bounce levels.
Fibonacci levels near 4361, 4278 and lower support zone below October lows near 4170-4180. This would be considered an extreme target and unlikely to reach in the short term. However with recent political headlines and the market having a risk off nature, no one really knows where it will bottom.
Thanks for following and watching. Feel free to comment and share. Stay tactical and stay safe.
ROKU: IS THIS WHERE WE GO UP AGAIN?ROKU:
Weekly chart currently sitting on the 200ma .
At historical support -resistance zone.
Demark Sequential Buy 9 daily.
RSI a bit oversold on weekly. Bullish divergence on daily.
Are we bouncing here or do we keep going down?
Whatever is it, I like the good risk vs reward long entry here.
You might argue that we're going against the trend and you're right, however he odds favour the bulls.
Long term investment, swing or short term trade? Your choice.
Stop around 155.
Trade safe!
Bullish Double Bottom ? FET/BTC #FET $FET #FetchAILooks like FET just hit another Double Bottom last night on the daily chart . You'll notice we had a VERY similar pattern in late summer before a very nice run happened . I suspect we are doing the same thing now . We've hit a red TD Sequential 9 last night ( and that's the second one we've hit . ) Both of these form our double bottom . Some might say these bottoms aren't exactly the same but they can be within 3% and still be a valid double bottom and I think this is , It's just very similar to what we did in late summer . I believe FET is about to have another run probably leading into the next few months of 2022.You'll notice even our light and dark blue 50 and 200 MA lines look similar ! Target here could definitely be a little higher than our last top near 2500. I suspect we can hit 3200 area which is a very strong weekly resistance . Possibly even 3400 or 3500 . We can always go higher - it's a Bullrun and the market is very volatile . We will probably follow that Gann Fan up . First step up will bring us under the daily Ichimoku cloud .
TOPGLOV. TD Setup ( Timing System Used By George Soros).22/11/21TOPGLOVE weekly Price is on last waiting to closed weekly bar of TD ( Tom Demark) Countdown 13 ( Red)( Maybe at around RM2.15)... TD ( Sequential and Count Down ) .. A "Timing System) Trading System Used By George Soros, Paul Tudor Jones etc...The following paragraph ... used to be written in Wikipedia but now taken down....<<< Their creator, Tom DeMark, has served as consultant to such revered money managers as George Soros, Paul Tudor Jones, and Steven A. Cohen.">>>
TD sequential + SupertrendBTC looking good on all trending indicators, the count on the TD still gives us 3 possible weeks of upside in the short-term before any overbought conditions are realized, and the trend seems to be our friend for now.
What isn't noted on this chart is also that the 21W ma and the 34W ma will be located around the 50-52k mark in the coming weeks which could be a great entry point for anyone that subscribes to the idea that the markets are going higher before any major correction.
Unpopular but possible retrace on BTC We could see a retrace from around here at weekly H3 to L3 based on weekly camarilla pivots. this is invalidated by breaking above the H4
also worth mentioning we have both a 4hour AND daily TD9 sequential sell setup.
I dont want to be the bad guy and I do think we can get a little more upside action. However with the current market overconfidence I do not think this is the best time to open new market long positions or fomo. just my two cents. could be wrong. who knows.
Steel had a good run, but it showing signs of weakness.Steel had a massive rally from the March 2020 low. Not calling it just yet but it sure does have all the symptoms of a top:
Extended run. 3 legs usually end it. Topping weekly 9 being bearing engulfing bar. Printed a weekly 13 sequential on the way back up with low volume and this last week see big volume down.