After some careful work, I am taking another guess at the future of CTSI. Using the Gann box overlay, I found a very promising trend line with some very nice points of contact. Start by looking at Nov. 11th. A very significant date - where the price of CTSI met the 0.5 horizontal Gann and vertical 0.5 Gann and the candle closed at the 0.75 Gann at $1.42. "X MARKS...
This is an update from my previous analysis on Dec 23. I've been drawing this Gann box for a few months and I have been able to trade some of the highs and lows based on my assumption that Matic will break out into the Gann and Fibonacci extension levels on or around Jan 30th. I use Gann boxes because of its relationship to time and market geometry. Feel free to...
TLDR: Based on Fibonacci retracement and the trend line created, I think we will see the bottom at $12.75 on Dec 17th (ish). $12.75 was the high on Aug 31 before the big breakout. Check out how the candles are moving in between Fib levels and touching the trendline on occasion. Best of luck. Not financial advice. Due your own due diligence. Have fun.
Posting for a friend. No comments on this today. Not trading advice. Do your own due diligence.
This post is a follow up from my post on Dec 20. I am humbly submitting it for your review. In this chart I use three Gann boxes, one Gann fan, one reverse Fibonacci retracement box and numerous trend lines. The predictions are as follows - $1,433 on Feb 22 and $1,975 on Jun 21. How did I arrive here? First off, Telsa created a base from Jan 25 - Oct 21 (188...
I will always be first to raise my hand and say, "maybe I drew that one wrong" Because of the price action overnight in Matic, I woke up very excited to revise this chart and draw a new backwards Fibonacci retracement box. I will be the first to admit if my initial posts from earlier this week were incorrect, and actually I hope they are! Because this chart...
Good morning. I've seen a lot of technical analysis flying around on TSLA today so I thought I would add my opinion. I see wedges, Fib, Elliot wave, ABC, trendlines, etc. But I do not see any Gann. I use Gann boxes and reverse Fibonacci retracement boxes to help me understand where the price is and if it is fair valued. So let's look at what I drew. The Gann Box...
Drew a quick Gann Box over CTSI. I like what I see. Lots of correlating points and connections. The Gann Box overlays a backwards Fibonacci retracement box. Something to watch and think about over the next few weeks. Box ends on Jan 29. Do your own due diligence and have fun. Not financial advice. Just pretty pictures.
TLDR: Matic breaks out on December 27th after completing a full Fibonacci retracement and Wyckoff accumulation sequence. (Updated from my post on Nov 23rd. Please push "play" on that one) I drew the Fibonacci retracement box backwards. Key levels are Fib 1.0 - $2.44 and Fib 0 - 0.62. The trendline predicts the breakout date. I think it is more or less XMAS day. I...
TLDR: Matic breaks out on December 29th after completing a full Fibonacci retracement and Wyckoff accumulation sequence. Most of us have been frustrated by Matic not going to the moon yet. Why hasn't it broken out yet, we ask. This model could explain why. I have been drawing the Fibonacci retracements/extensions for the last few weeks and I think I landed on...
I see a pretty good looking cup with handle pattern for LESL. This isn't a William O'Neil IBD perfectly drawn chart, but not all cup/handles have to follow the rules exactly. Volume dropped off during the handle. Touch to the 50dma on 5/12. Moving averages are now in an uptrend. RSI, MACD and STOCH all trending up as well. Today's price broke through the 20dma and...
It's been fun to watch MOMO breakout from the massive 9 month cup with handle. Laying over the FIB fan you can really see how it makes moves and finds support at the key levels. Draw a fan from the cup's low to the cup's right side high and zoom in on the action that took place during the cup's right side formation. It is spooky how well it follows the FIB fan. So...
This is my first post ever. Still learning how to use this platform. Be kind. Thanks.