TVC:SPX using a log chart I channeled the market since it's inception. The top of the channel (in red) is exclusively where the major stock market crashes have happened. The bottom channel (in green) is "crash free." The bold purple line is where 3 of last 4 market crashes have happened. Since the "Nixon Shock," $spx has failed to breach this line, except during...
At retracement levels for ABC on wave 4. At .236 levels for retracement end wave 2 to top of wave 3. STC is at low end, stoch RSI low end, coming out of squeeze, nearing 55 ema line. You can see the last 2 times RSI was this low with the black arrows it shot up. Taking a long position here, bought at 1.00 retracement level, currently losing a little but will not...
Double three correction on wave analysis. in the retracement zone 1-1.618 (BUY ZONE). Bullish RSI divergence. It is coming out of TTM squeeze, Low end of StochRSI, Low end of SchaffTrendCycle, MKM just released higher Price Target. Prime time for reversal, was in the same position on 1/31 of this year and it broke out of that squeeze nicely. Just needs a little...
At long term 3 step ABC fib retracement levels (under 1.0) off all time high. This would be the fourth breakout, note the previous 3. RSI divergence as well, possible bottom. Starting to break out of bullish falling wedge. RSI pattern looks very similar to breakout 3. I am buying call options. MACD crossed over positive on 5/5 on daily chart, is still positive. I...
I am long here as I see a healthy ABC corrective drawback after a 6 month 12345 Elliot wave. It has drawn back to the 1.0 fib retracement level, is at a key support level from a previous high, is at a support level on the flag pattern, at 200 EMA, and is below 30 RSI. I believe this could be the end of the retracement and BTC is in a great spot for another 6 month...
I see a bullish RSI Divergence on the 4hr chart along with the lower end of the channel showing prime reversal territory. It is also showing an ABC correction sequence and is right at one of the key fib correction levels. I think tomorrow (5/13/2021) we see the nasdaq go green by maybe 1-2%. I am currently in $TQQQ call options with a tight stop loss. Let me...
bullish flag pattern and wave analysis at 2 going upwards toward 3. Love this trade idea. Financials are also there.
Strictly wave analysis. It is at two possible waves here. If it goes back to the C, I see a real buying opportunity. Very volatile, keep a short stop loss no matter where you buy. Good luck to all who are in doge coin. TO THE MOON???????
Perfect buy time for EA. This chart I am using Elliot Impulse and Correction waves and the following are occurring. Above 200 EMA which shows me a bullish outlook. This pullback to wave two is at a FIB level. 2 to 3 on Elliot Impulse are the biggest leaps usually. Stoch RSI below 30. At/near 100 EMA, potential bounce off. Fundamental check: ROE >15%, Debt to...
LONG ON TESLA WITH ABCDE PATTERN. AT A TO B DRAW BACK FIB LEVEL RIGHT NOW AROUND 100 EMA WITH SCH. RSI BELOW 30. STILL IN BULLISH UPTREND (ABOVE 200 DAY MOVING AVERAGE) PERFECT BUYING TIME FOR BIG POTENTIAL GAIN UP TO C.
I love MSFT in my LT portfolio, but I think there could be a chance of a reversal. I see bearish RSI divergence along with a bearish expanding triangle. I am not shorting but I am selling my current shares here and will look to add this back at a better price (aiming for 248ish). If the reversal does not happen I will get back in, but at a later time when I see a...
I see a cup and handle here and once I see a green 1 hour candle over that handle I'm buying in with a 1 ATR stop loss and 2 ATR price target. If the price goes up and stays above the 20 day moving average I will not sell at the PT until I see a red candle close below the 20 day moving average. BIG POTENTIAL HERE. I also see a bigger cup starting to form which is awesome.
I think a move up is coming up shortly for PETQ. Also love the fundamentals of this company and is a LT hold for me. Let me know what you all think. Thanks.