Silver's looking ready to make a run back up to $30.
RSI divergence and breakouts prove reliable at this scale for AMD over the past few years. Fractal of the last run appears valid. Best case retrace entry in green as earlier investors take profit at the top. Breakout in yellow assuming holds and strong earnings report.
GRWG is testing new highs, however it's still within the bounds of its previous retrace action. Watch for a bounce off the $50 high. Based on previous runs, the consistency of the extensions, rsi divergence signals, and retrace magnitude puts an ideal buy between $21-$26 if holders decide to take some profit on this run.
Pennants break + rsi 48 support bounce + rsi top trend resistance breakout + covid xmas + earnings feb 4 = $4300 March 15
YOLO contains a number of the holdings in some of the largest marijuana instruments. We should see tremendous growth over the years with increasing national support for legalization/decriminalization. A nice long cup and handle appears to be forming and if we pair that with standard fib extensions /speed resistance fan trend over time we get the following...
From a long term market cycle completion to the external forces of mass vaccination causing demand on the medical waste industry, Stericycle seems primed for a bull run through 2021.
I was noticing this fractal start to take place with the sharp volume and candles followed by smaller fib movement. When scaling the last 2 weeks movement into the next 2 weeks projection it appears very plausible. If you take anything out of this it points to taking a short in the $6400 range. As for if it will actually break 6k this time, only time will tell if...
1H Butterfly Harmonic points current short position transitioning into long at the potential reversal zone of $6300
Whats it doing
The bullish butterfly harmonic has been fulfilled and is now sitting along a fib support level. It would be nice to see a flash crash to a full and complete 1.618 extension for a perfect entry but that may be wishful thinking. Set stops below the .618 fib.
Gartley harmonic patterns signal a bull run after completion and this is near textbook. Bitcoin has continually hit the 20 week average on its bear runs before blasting to new highs. This puts long entry between $8880 and $9500 assuming we get there in the next week or so with best entry at $8500 if this crash continues.