SUMMARY Based on Fib-Retracement and ABCD Analysis, whilst having analysed historical bearish market-sentiments, the current correction aka our bearish market is likely to be over around early to mid June 2022. View the grey rectangular box for potential entries into Tech-Assets, but only those that are considered as Value Growth Stocks etc. Recommended...
The Harmonic Shark Pattern (Daily Timeframe) is rather strong and successful by nature. Bloom Energy just finished it followed by a first reversal to their resistanct at $23.03 which but packed up with bullish lower timeframes and decent volumes. Fibonacci Extensions showed that $23.03 is a 0.681, yes, bit strong but given the bullish market sentiment whilst...
NASDAQ to DROP to $13.000 Based on a Daily- and Weekly Price Action, Pattern and Fibonacci Analysis, the Tech Index is likely to encounter further drops towards $13.000 (short-term, view daily chart) followed by a potential drop to even $12.460 (weekly chart). The market's current sentiment, nourished by fear due to possible inflation etc. and no direction at...
Symmetrical Pullback Analysis using Fibonacci Extension Cluster Set-Ups is a proven methodology that helps traders to find meaningful support and resistance levels. As you can infer from this example, Apple had a 52-Week high recently, followed by a symmetrical pullback that could have given you a nice shorting opportunity or in case you wanted to go long, you...