Watching for a potential classical topping pattern to form. Will watch how price reacts at Support and Resistance levels charted. Will see how this plays out over the next 30 days.
Hello this is only theory and nothing is sure but i believe we can reach this highs. Most of peoples didn't believe about $50k for march, now they don't believe for $200k and most of them told me here is top. It may be so, but most indicators show me that they are probably not right and the next 3 months will be crazy in price discovery.
After a slow period, Tesla is picking up speed again. Seems everyone was waiting the busy end of the week. For the EW count, price is looking to find the wave B top. Yesterday finished the small wave (b) as a double three corrective wave. Price action seems impulsive since. This would make the entire wave B a flat corrective wave. c waves in a flat are most...
This is my bitcoin target for 2021 around summer or by the end of year. If i need to give exactly target i woul'd bet around 28 september.
What a crazy rally its been for oil since last November. Just passed the .786 Fib level on the daily based on the highs of Jan 2020 and looks pretty solid growth wise. Possible it can go to top of channel around 65. Definitely been good for the OPEC cartel and the USA. Maybe theres some cracks? A lot of traders are pricing in a recovery already in travel and...
The last count was very bullish and was looking for a wave 3. This did not happen and the count was invalidated. The first adjustment in counting is that price wasn't finished with wave 2(circle) yet. In this count i am still looking for a wave 3(circle) up. Perhaps Biden will launch this rocket. However, looking at how price has been in a contracting range for...
Price went up nicely from the wave IV low and should continue in this last wave up.
Reversal imminent in my opinion. Not trading advice.
New weekly pivot on chart coming. monthly in the 16k region. all weekly and monthly targets getting hit except one in the 19k region. Large correction coming soon. Algos will react to these levels. Camarilla + cpr.
Actually the entire area of upper 10ks was not much resistance in general. So breaking it didn't really mean too much. However there are some pretty big resistance here. L3 monthly camarilla level would mark it returning to the original range it fell from. The Purple lines are the Monthly CPR and pivot point. The blue line is an already twice tested downtrend...
Cam monthly levels. we hit the top of predicted monthly range perfectly. if we reject here. the typical play would be to target the L3 on the otherside. supporting information is that the sentiment is very bullish. over confident. fear and greed highest since 14k last year. fisher transform on 2day is +4. TD9 sell set ups are on larger time frames. godmode on...
This is an update of my previous idea showing the multi-year topping pattern happening on the S&P 500. The previous post is linked below in related ideas. Since that post we've had an incredibly aggressive rally, breaking above all estimated rebound levels, closing all gaps in the March decline, and now looking to challenge all time highs. But the big picture...
Just happened minutes ago, the topping pattern of a High, Low, Lower High, Lower Low, Lower High, and then a Lower Low just completed and then it gave up and did a huge Markdown. MACD has given an earlier indication of a drop, after pattern completion. THIS IS a topping pattern, and it is of high probability that the S&P500 topped out. Now waiting for it to...
The Canadian Dollar continues its recent out performance against the US dollar and is currently pressing down on a noted support zone. USD/CAD has turned lower after hitting a four-month high last week, helped by a small rally in the price of oil off its multi-month low. The price of oil however will remain under downside pressure, as investors fear that hit to...
ISRG dropped sharply from its recent new all time high. The stock is struggling with heavier large lot rotation action at this level. Volume is too low and Balance of Power shows heavy rotation.
With equities being enormously stretched to the upside in recent months, it is wise idea start preparing for some short exposure. One idea, I am looking at is NASDAQ:ATVI $ATVI After halving in later 2018, during 2019 it is building what looks like a major bear flag. Wave structure, with price near 0.618 level, also suggest that the top might be near and...
XEL is at risk of an intermediate-term downtrend after topping recently. The strong support level is near 44-40 for the first big bounce up level.