Im not one to bet against the Musk, but with global recessionary fears, rising inventory numbers, and the prospect of a short term high on the SPY, there are multiple macro confluences to factor in with this 3 wave Flat corrective move. Based on how we invalidated a 5 wave impulse to the upside with our recent price drop, this would now be my next primary count...
AERO has been following technicals extremely well with our prior low and end of Wave C exactly bouncing off of the 1.272 ext of wave A, and now we are bouncing at the .382 of wave 1 as well as structural support. I am looking to play a continuation here to the upside, using our strong technical confluences and the existing respect of technicals as our base.
Here is a full elliott wave analysis of BTC since the 2021 high. This will be the premise for my next published seeking alpha article, if you would like more information let me know.
Here in BTC we have found clear support on our prior 2021 highs / 1W resistance fractal. The better entry here would be once we do reject, but this has a good likelihood to bounce here and at least return to ATH. We may encounter some resistance on the way. Once confirmation of this level presents, an entry or add on entry would be valid. This is a Weekly Wave 4,...
TSLA has been lagging behind, looking poised for a breakout on the daily chart. Still down ~57% from highs this has a potential to make a comeback after following a textbook elliott wave corrective pattern. Further details avaliable upon request.
Here I am looking at a break of resistance to add a sizable position to my existing XNO holdings. We are looking at a pristine bounce off of the 1.618 retracement for this correction, with a break of downtrending resistance. This is a high conviction play based off fundamentals previously touched on, while this technical entry allows for a dollar cost averaging...
AMD has been lagging behind its semiconductor big brother, NVDA. Here we have an elliott wave count which would imply a macro impulse wave to the upside. Should we break through the resistance in this continuation price pattern, it would be worth taking a look at your entry parameters to see if AMD is presenting a long entry for yourself as it seems AMD has the...
Head & Shoulders pattern on the daily chart to potentially continue our decline to the downside.
For those that dare to take on the AI bulls, we have a very interesting and very high R:R trade here on $SPY/$SPX. Keep in mind you are of course trying to catch a top, so the probability of success may not be very high. Rationale: Technicals point to our last line of defense. 4300 / 430 is the last major resistance before our all time high on the index. If there...
Here we are looking at XRP in a multiple month consolidation (white) while providing the basis for our lower support trendline. If we can break out of this consolidation (white) on the weekly chart, we could start a nice run up to the top resistance of this triangle, or perhaps breakout of this entirely given the current fundamentals regarding the SEC potentially...
Higher timeframe long equity idea in TSLA as we may be approaching a Wave 3 to the upside after our steep correction.
potential short opportunity here on AAPL with an enormous risk to reward ratio.
Aligned with the overall market, Apple looks poised to return to lower levels. We are once again approaching a multi-year support line which will be a true make or break scenario. We must recall that the more times a support/resistance level is tested, the more likely it is to break. Once this level is broken, it will confirm this A-B-C corrective move to the...
Rejection of TL, retest of daily fractal, heading out of monthly resistance fractal retest of 61.8 RET on daily wave Aswell as RSI Divergence on the 1H
1.618 EXT of previous wave .382 RET of larger daily impulse bounce off daily fractal bounce off previously tested support line
USDJPY has retested this daily resistance fractal 3 times, failed to break and rejected it. It has retrace to the 38.2 of the daily impulse wave (not including the flash crash wicks) and has broken a support line. It is also divergent on the 4hr.