btwice53190

btwice53190

Someone asked a question about nio - so here is my chart. The first move up off the low set on 5/13 was clearly an impulse - that tells us that likely wave 2 bottom was in back at the 50% retracement. I believe that's what the question was about - when wave II bottomed. Even though the correction off ATH's isnt the cleanest to count - we look at the next move...

btwice53190

Not rambling here - go read the QQQ long text if your looking for that.. I think we are going to get flushed soon... Watch for weakness and bearish divergence to go short

btwice53190

I put this one up on Tuesday I believe and it has been playing out as expected. I still think we rally higher here before flushing down for the last leg of a zig zag - this takes us to a wave 2 bottom and then we put the rocket boosters back on for a Santa rally. If you havent seen the alts where I go into more detail on NQ please look at them. There are a ton...

btwice53190

Here is my third and final alt that I will post. There are other scenarios that could play out, but looking at 3 separate is the most I am going to do over this holiday weekend. We will keep watching this as the price action unfolds - but I do have to say I do like the look of this one and also ALT 1. This one gives us our bottom near the minute wave 2 AVWAP...

btwice53190

Top may already be in on the wave b move up as we can see 3 swings. If this alt holds true then we should see a relatively large move down either Friday or early next week. Can't say this is my favorite - but we did already touch the 50% retracement of the move down. Note: Look at the RSI and MACD divergence on the low from yesterday - if you didn't see that...

btwice53190

Hey Guys Going to be posting a couple ALT's here - looking at NQ because it is easier to see the wave counts - likely will do QQQ and SPY as well but just with the ALT I favor. So ALT 1: We are in a minor wave 2 correction - and in wave B of that correction. Right now we are working on the 5 wave impulse up for A - PT around 16500 - from that area we will flush...

btwice53190

BAC going to 50 at a minimum for wave 5. Book it - DOW wants to be strong so lets see these banks keep running

btwice53190

Wow... What a beauty... Wave 4 bottom appears in. Right at wave 2 AVWAP, and 38.2 as I discussed in my weekend chart post. Today showed signs of reversal and bullish divergence. All dips are a buy here. Note: IF COIN BREAKS THE DT LINE WEEKLIES ARE IN PLAY AS WELL (otherwise you want time in case more market weakness sends this to 50% retracement) See you at 400

btwice53190

Now we can see exactly why I favor what I do... Look how clean that move is. Clearly an impulse down. Meaning wave A ---- next up a 3 swing to the upside for wave B (tomorrow and Friday should be green). I am seeing a 400 retest in the near future... And that is a SHORT THE RIP AT FIRST SIGN OF WEAKNESS. Be smart here though because we should only get 1 more...

btwice53190

Guys - It is still possible we go back to ATH's again - then I would change count at that point and we likely get our wave 1 peak somewhere in next 2 weeks. BUT the more I look at the count the more I favor that wave 1 peak is already in. I do think we rally tomorrow and maybe Friday - but we will flush again. I see the 100 extension area as a great dip buy...

btwice53190

IWM is almost at my invalidation - still flagging - reversal candle and bullish divergence on %R.. I grabbed longs here today for 12/17, heavy too, but hedged. Thinking we see moon mission next couple days. Will be quick about profits if we get the reversal. Below this invalidation we could be in a 1-2 1-2 nest - meaning still launch likely soon - but could...

btwice53190

had someone ask about chwy.... Big yikes here - do or die. I am having pltr nightmares here. If the 60 level breaks this could see 40..... No trade right now here

btwice53190

We are likely seeing a deep 4 here - I expect a rally to finish off this week - then another big drop next week - then grab your ticket because moon here we come

btwice53190

Note: Bulls - we could have bottomed for wave 4 already - or Bears -we are in a complex correction that could go as low as 91 a share. As of now I favor the bear count (shown) meaning pump then flush again. But that changes the second downtrend is broken Right now this is ripe for swings on both sides (long and short), but be smart about taking gains until the...

btwice53190

I have been watching SBUX ever since Yocum mentioned it to me on the app I cant talk about. It looks like it may be ready to run, consider time on this one in case the market doesn't cooperate. Next few months expect a run to 130 a share - all dips here a buy

btwice53190

Note: I have no position here and doubt I will take one Did someone call a doctor? Sorry - not so sure a doctor is going to fix the murder that has happened to this stock.. Alright - jokes aside - where is this going? Well lets look at this. We have a huge dip buy range for bottom 54- 109??!?!?!? What the heck... Alright well the Primary WXY has a 61.8...

btwice53190

Wave 3 PT 39 - Calls here super cheap even for time. Should be hitting 39 on this impulse up. About to pullback for a minute 2. All dips are a buy here

btwice53190

Coin looks like it wants 314 level for wave 4 bottom - then next stop 400. Trade taken once DT line is broken w/ volume confirmation