For that scenario to be possible, price action needs to take 32.47 an ATH at 37 plus we have to see 5 waves to the upside. Even if we see that I would be cautious as a different wave count would be possible however, this is my main.
We can clearly see and A-B-C move as a zig-zag after a nice 5 wat moves to upside, with trendline broken by a nice push to the upside along with an increase in volume gives us a great look for a first Wave move.
The stock made a nice 5 wave move to the downside in a Diagonal structure a quick counter trend move for a B or 2, followed by a 5 wave move of a lesser degree again to the downside completed with a 3 wave move to the upside on the same degree. I think there's more downside coming all the way to those 127.8-161.9 Fib Extension Levels. Price made a nice 5 wave move...
The stock completed a nice 3 way move to the upside for an ABC (zig-zag) and might have started another leg to the downside that could take us to that 127.8-161.9 Fib Extension around the 34$ a share.
After and expanded Flat in a 4th Wave, price reached the 127.8 Fib. Extension, from there we could see a bounce to the upside looking for that 5th wave to end the Cicle. Volumes increasing and RSI already giving us some divergence.
Docusign could've made or still making a Wave 4 . It seems to me that we had and extended 3rd Wave until 300 $. However right now we cannot be sure if the movement to the downside is finished. It might come down to test that 50% Fib. Retracement , even the upper trendline. I wouldn't buy just yet but I would keep a closer look at price action. If moving up,...
Is it Twitter making a 1-2-1*-2* (*lesser degree). Last leg down reached the 100% Fib. Extension and kind of looks like a Zig-Zag. Last candle seems pretty impulsive and volume picked up. Breaking above previous highs (Wave B) would tell us that at least price is gonna test All Time Highs.
Looks like price is in the middle of a correction, question is when or where this correction will end. Either price can bounce from the lower trendline, reaching the 100% Fib Extension or extend the move to 32$ - 39$.
Seems that price is taking a break from it's upward move. Might stay between these red lines for a while, or retrace a bit more to that 38.2% Fib level. RSI looks to me like a triangle and maybe a breakout of any trendline would give us a hint about our next move. In a long term NFLX still looks bullish to me and sooner or later we should be moving upwards for...
Autodesk seems to have completed a Expanded Flat correction, Question is, is the C Wave finished or does it still has some downside to run? Well, if it can managed to hold the previous lows then more likely we will see price coming down to the 161.8% Fib Expansion , that would gives a perfect spot to buy it. Losing that level might tell us that the correction...
AEHR is on it's wat to 77$ or 161.8 Fib Extension any retracement before reaching that level should be considerate as a buying opportunity.
Price made a nice 3rd wave to the upside almost reaching the 261.8 Fib Expansion. Fast bounce to the downside reaching the 38.2% Fib retracement of the previous move. Keep a close look at price action might take us to the upside for a 5th if corrective move is over-
After what I think was an extended iii wave seems that price is correcting that could take us to the 23.80% Fib or 38.2% Fib retracement where we could see a bounce back to the upside looking for a v . If that happens we would have a 1 followed by a 2 that could retreat 61.8% Fib of 1 . If entering a trade at the end of iv I would set the take profit...
After a long correction Hudson Technologies seems to have completed a 3 waves move to the upside, (v) was a pip shy from the 61.8% Fib Ext , volume is drying, RSI already making lower highs and MACD decreasing, there's a high chance of a correction, that would be Wave 4th . We should wait for a pullback then we could look for a trade to catch that 5th...
Altimeter Growth seems to have finished it's impulsive move and looks like price is in the middle of a correction that could take all the way down to the 61,8% for a 2 Wave . RSI gave us a first signal making a lower high and price making a strong move to the downside. Take a look as well at the rise in volume during the first wave as it increases at every...
I chose to go with a 1-2-1-2 as I believe it's the pattern that suits it more, either of the 1 waves look impulse whereas 2 look choppy and sideways (Flats). MACD broke both trendlines giving us a strong bullish signal and on RSI seems that might try to break it's trendline. The late move upwards seems to have an internal 5 waves and the correction already made 3...
I chose to go with a 1-2-1-2 as I believe it's the pattern that suits it more, either of the 1 waves look impulse whereas 2 look choppy and sideways (Flats). MACD broke both trendlines giving us a strong bullish signal and on RSI seems that might try to break it's trendline. The late move upwards seems to have an internal 5 waves and the correction already made 3...
Intel Corporation might have finished it's corrective move and could be forming a (iii) wave to the upside, might find some resistance at 58,43$ , if breaking it might work later on as support and attack those 69$ again.