YoungSlav

YoungSlav

CPI / PPI data this week will foreshadow what is to come for the rest of august and September. September is historically the worst month for the market so we must be ready for anything. If we have an negative overreaction tomorrow morning from CPI data, we will most likely wick down hard and then spring back into the channel shortly after. If CPI is good we...

YoungSlav

As mentioned previously, this is my theory as of what is to come for the SPX. The fractal is from 2001-2003 as a similar bull trap had played out in the disguise of a "W" recovery or Inverse Head & Shoulders - whatever you wish to call it. I have also included the alternative, which invalidates the expanding flat corrective wave as per Elliott Wave Theory -...

YoungSlav

Bearish convictions: -DXY (dollar index) is currently in a falling wedge (bullish) pattern sitting on very strong support around 100 -102. Furthermore, while the DXY took a sharp dive, we did not see so much of a reaction in the SPX and across other equity markets. -VIX (volatility index) is currently sitting at strong support around $18 - $20 with bullish...

YoungSlav

I believe there will be a small pull back "trap" to the baseline of the first flag around 21k. This will cause the unexperienced trader to think the rising wedge has been broken. The impulse wave following afterward towards 30k will be strong and many shorts will be liquidated. What happens next? 10k or 42k... we shall wait and see! Not trading advice, Just...

YoungSlav

From a purely technical standpoint, I am short-term bullish and medium-term bearish on Netflix. Will look into opening a short position or long put(s) at retest of $390 -$405 psych level. Please allow 3-5 months for this idea to play out. Clearing $415 will invalidate this idea. Not financial advice, just for fun!

YoungSlav

Everything is in the chart.. classic bull flag setup on $ulta. Financials are great, EPS is solid, basically recession-proof at the moment. CALLS idea - wait til retest of 410-420 and grab $500 calls 2 months out. PUTS idea - wait til top of channel is hit then grab 430 puts 1 month out. This is not financial advice, just for fun!

YoungSlav

145 is proving to be very strong resistance for the USD/JPY pair. Here we can see the development of a Diamond shape on the 1H which typically signals a trend reversal. Additionally, we can see a Head & Shoulders pattern, further strengthening our bearish bias. I have opened a short here and I’m looking for a multi-day swing down to 142 and possibly 140. Not...

YoungSlav

HNT is due for a rebound after brutal beat down over 50% in just a couple weeks. ✅Targets are listed if you entered a long on the wick down from yesterday. ✔️5.53 ✔️6.80 ✔️7.83 ✔️8.83 ✔️10.32 ✔️12.19 This could easily do 100% so be patient but don’t forget to take profits on the way up! P

YoungSlav

Hope this idea is finding you with crazy profits from today’s massive drop. We are looking at the DAILY Heikin Ashi chart. Chandelier Exit strategy: SELL - While it is not yet confirmed (we need to see the yellow RSI fall under the blue for a confirmed thesis), we did close at critical 405 support on the SPY today. Fibonacci Retrace: We closed right at the...

YoungSlav

Little update from Dec 2021: STORJ Elliott wave played out perfectly since my last post from 6 months ago. Going forward? Depends on how Bitcoin performs. I’d anticipate a multi-month accumulation phase before attempting any bullish breakouts. We’re at a great place to dollar cost average (DCA) but I would save some $$ in case Bitcoin retests $25,000 and...

YoungSlav

-Chandelier exit printing a SELL signal as of Wednesday (4/27). - Look for further downside as tech earnings may just be the nail in the coffin. - VIX currently above 30 = danger. - Bulls must regain control before 4000 or we WILL see bear market territory. -Not financial advice (:

YoungSlav

-If Bitcoin continues to slump, DOT will be in confirmed bear market territory breaking down the diagonal trend line. -The chandelier exit still has not printed a SELL signal on the weekly, however, it appears to be heading that way. - Be very cautious with your entries here as we may see capitulation down to the $10 - $12 levels and possibly further downside,...

YoungSlav

Current SELL signal stands on bitcoin until a BUY signal is issued by the chandelier exit strategy and confirmed with the RSI 25 (yellow) crossing from below the RSI 100 (blue).

YoungSlav

Time to short maybe? I’d personally wait for confirmation first! Not financial advice and always do your own dd. Happy trading!

YoungSlav

Still some juice left I believe. Watch for trendline rejection which coincides with mid Fibonacci Bollinger Band. Alternatively, watch for test followed by bounce of support / resistance flip and close above mid bollinger to confirm short term bullish bias.

YoungSlav

Pioneered by Thomas Bulkowski, the "Three Peaks and a Domed House" chart pattern is looking eerily similar. Not Financial Advice.

YoungSlav

Keeping it simple. Wave 3 will fall somewhere in the blue box range. I also have no idea what I'm doing but I'm here to learn. Thoughts?