This is the perfect bearish butterfly, first target 93, then could go as low as 72
it could be a consolidation or a classic reversal pattern!
This is proof for those who thinks Technical analysis is a fiction, hallucinating or ...etc. The question is now which scenario is most probable in the next 21 month?
The last 2 major bullish rallies in Bitcoin last 105 and 120 weeks! Both followed by a major correction of more than 80% of the previous rally!!! after making a consolidation pattern, it broke the downtrend and made a pullback. It seems we are at the earliest stage of the next bullish rally, which could last more than 100 weeks! so in the next 2 years buy the dips...
This pattern has repeated 3 times in the last 2 years!
It is going to happen in the next 24 hrs! No need to explain what is happening with the 2nd stimulus checks!
In the last 3 months, EURUSD is hovering around the key level of 1.18, because getting out of the 10 years down channel and passing a support & resistance level which is valid for 22 years at the same time needs a tremendous motivation! The question is what that motive could be? For sure it is not too far maybe we have the answer in less than a month.
If you think Apple is going to be bullish, please write your reason in the the comments🙏
Closing below 43.70 could cause severe damage to the bullish trend, Elliot wave analysis 🧐 needs to be done! 3 major impulse wave and 2 major correction is obvious in the last year!
Closing above 2.08 makes it easy for further bullish rally.
1.88,2.81 or even 3.49 could be the target for GNUS in short to midterm.
Tesla, the true EV market leader and the Gold standard of EV manufacturing is experiencing correction, it could make it hard for others as well. Check my Tesla analysis :
Let’s be realistic,Tesla is definitely in the c leg of its correction which could push the stock price below the 330! Even if The long term trend remains bullish, after a 1300% gain in less than 15 months, correction is inevitable!
Bank of America is in big big trouble. The Nearest support level is 10% away, the next one is at 20% and the last one almost 30%!!!
After loosing the 2 of its most important support levels, and closing below the 100 days moving average, we are looking at how GOOG is going to finish this week. Closing below the 1400 which is the 200 SMA, makes it very hard for it to get back on the bullish track!
These are the next support levels! It seems we are going to see 10300, so look at SQQQ which could generate almost 20% in next couple of weeks!