BABA has a daily wolfe wave setup targeting a gap fill at $85.81. Currently it is 15% away
All gaps in the futures gets filled. Back in early March when the Russia vs. Ukraine situation was initially unfolding, many thought that would be the news catalyst would take the market down to the futures gap at $4015. This market is in an overall downtrend, however there will be volatile dead cat bounces along the way, which we saw when the futures quickly...
It was previously discussed that Semi-conductors was showing weakness and AMD's daily candle momentum switched to sell-short. With the fed continue to discuss tightening monetary policy, rising interest rates, and inflation talks, we should expect a follow through to the downside. NVDA has a gap at 198-199 that is < 5% from filing, however this is not a favorable...
AMD Daily Double Bolligerband Algorithm switching to a Sell-Short as the Semiconductors continue to show weakness over the past couple of weeks. This pull back has broke below a triple bottom. The next gap below is down at $78. I do not believe this will fill unless the S&P 500 futures fills the gap at 4000
Volume is beginning to flow back into the crypto market. Most Algorithms are beginning to switch out of a Sell-Short position and switching to Neutral/Long. ETH and SOL weekly candle both have turned neutral and could market the beginning of the next leg up into the summer.
GME Triggered a bullish wolfe wave entry at $82. It was one of many tickers that developed this setup during the recent pull back across the markets. However this Wolfe wave caught a 130% move. In addition to bull entry trigger from the script, the DBOL algorithm also switched out of a sell short and into a long position. Positioning in calls and staggering the...