This idea is an update to my original idea "Earnings Pop to 520" (see link). NFLX needs to make a sustained break above 569 to initiate the next move higher to 585 (minimum target). Once we get this break it will take the following path - expected path is the black arrow: - Run to 585 (by 2/2/2024 earliest, 2/9/2024 latest) - Pullback to test 577 for...
META target by end of Feb 2024 is 420. 3 most likely paths to target: 1) 1pt solid black arrow = earnings pop to 405-413 and then continue to 420 by 2/7/2024 2) 2pt (thick) solid black arrow = earnings pop and then run to 420 by 2/21 (more conservative) 3) 2pt (thick) grey arrow = drop to 373-378 after earnings which would get bought up fast and then run to 420...
The drop over the past few months was corrective with the purpose of retesting the breakout level of 4130 back in May/June. It found support there and is now making its way to retest all time high of 4800. - Most bullish near term scenario is it continues directly higher to 4670-4760 (point target 4721.27) by 12/15/2023 (solid green trajectory) - Alternate...
Refer to my prev AMD post back in Jan for credibility - I predicted run to 158-165 when it was in the 130s (result: ran to 180s). Now we have a buy the dip opportunity after earnings sell off. There is still too much demand for this to tank yet, it wants one more high (at least). Path to targets is the solid black line. Bullish channel its respecting is the...
The reason the lines are massive font is because I will be drawing in smaller degree structure after I post this. Apparently tradingview members can't handle multiple lines on a chart lol. Lets get to it, NVDA Bullish af. *Target 1 = 570 by early Feb 2024 **Target 2 = 590 by mid Feb 2024 ***Target 3 = 660 by end of March 2024. This will be the top. After this...
ADBE has been whipsawing bulls and bears since its last earnings report. Last Friday it made a decision and broke out - bulls have it from here near term. Initial Target = 640 by 1/26/2024 Goal Target = 670 by 1/31/2024 After hitting targets it will likely get a pullback to 630-640 in early Feb before continuing higher to test ATH 700 by March 2024. I'll send...
Purpose of this post: to make the most accurate near-term forecast in TradingView History - Expectation is that SPY trades along the BLACK arrow/path over the next couple days - Banking on a big gap up Monday 1/29/2024 Summary: * Initial Target = 492 by Tuesday Jan 30th ** Goal Target 494-495 by Wed. Jan 31st In order to avoid the need for anyone to post a...
AMD needs to clear the dashed red line resistance around 140. The yellow/red downward funnel represents selling pressure that it has to escape before making next leg higher. If AMD can't clear the 140 resistance immediately, then it will likely pullback to 132-134. That would be an ideal buying opportunity. The green upward funnel represents buying pressure. This...
There are 3 paths I see from here: Black path/arrow = initial bounce followed by lower low (36-38k) before continuing higher (most likely) Green path arrow = initial bounce followed by higher low before continuing higher Grey path/arrow = run directly to make higher high from here (least likely) - One common denominator in all 3 of these paths - we will get an...
Dont worry about all the lines and shadings - those are for me to trade with. And that is what it takes to draw a near-perfect forecast. Just follow the solid black path. Target 525-530 by 1/5/2024 . From there it will make shallow retrace and begin re-accumulation phase before breaking out above 537 later in January. Buying the Jan 12 510 calls once I get...
NOW is very bullish currently, expecting upside continuation as long as it breaks dashed orange and red resistance directly overhead. Initial Target = 730 by 1/12/2024 (possibly sooner) Goal Target = 770-780 by 1/19/2024 (earliest... give it more time if playing calls, go out until March 2024) Today (12/28) should be very bullish, likely testing orange...
Mid-term I am expecting a move to higher highs - 418 minimum, but possibly as high as 430s. Near-term, however, there is still some risk for further downside to around 389 unless the following conditions are met: - Red funnel is overall selling pressure, orange is local selling pressure - Green funnel is overall buying pressure, blue is local buying pressure ...
This chart maps out the territories QQQ will trade in, I use stochastic analysis. I've included the results of the previous moves to show how accurate this method is. For a high level description: - the colored funnel extending from a peak or valley is the local territory price will trade in - the trajectories of the same color of a territory are the expected...
Next Target: 17100-17500 by mid to late Jan 2024 (most bullish case, green arrow). Latest this will hit is end of Feb. 2024. After this hits, next approximate target will be 17900-18000. The ultimate test here is to form a top under 20629 (if that level never hits, which it won't, this will be the 13-year bull market finale). You can expect significant...
TSLA has been setting up for a potential rally to test upper 200s, but first it will see sharp downside to 218-223 (point target 220) by 12/13/2023. - Needs to stay under 239.88 for this to playout, otherwise it can bounce to 260s - If makes sustained TSLA break below 220 then there is downside continuation risk to 180s -
Before I begin I'm going to explain the meaning of each line on this chart... All you need to do to follow this and trade it for profit is focus on the solid plack path/arrow - that is the forecast for expected price action in the coming weeks (the thicker black path is general direction, the other black path is the expected subwaves). So when you load new bars...
TSLA is about to take off on a spaceX rocket. Here is the expected route: - pop to 274-283 by 1/12/2024 (this will be the Sign of Strength of this reaccumulation structure) - pullback to 260-265 going into earnings end of Jan (back up/retest phase) - SpaceX rocket catapult slingshot to 300+ following the earnings report (the markup phase) Elon has been taking...
This channel is calculated with my proprietary method, it was formed based on the dynamics of the recent re-accumulation structure that we just broke out of. As long as SPX stays in this channel it will continue higher. minimum target = retest ATH at 4800 upper target = 5000-5200 Keep in mind this rally is a meltup to end the corrective wave off the October...