Im going to try and keep my wits about me, even if it tries to dip back down towards 5, and aim to sell around the high of the pitchfork resistance line.
Hello, traders! A busy chart,but hopefully not too confusing. Yesterday, i posted a more or less bearish case against DNN. After taking a second look, i see bullish rsi and stoch. I see a fine example of an elliot wave 8 pattern with the final corrective wave c ending at the 1.618 of wave a. Also, you'll notice the fib retracement and extension together look like...
Wave 1 suggests investment may stall around 2600-2742.5 for end of wave 5, however if not worn out already may breakout even further. i thought it would be interesting to see if markets correlate or react differently with a switch of party (R-D, D-R) Prior to the 07-08 mortgage crisis is highlighted with the light colored rectangle. Nothing conclusive yet,...
TP 8.25 in intermediate term...hopefully support zone will hold.if not stop is 7.3
good fundamentals. hoping for reversal, to 2.14-2.2. solid entry, try 1.94/1.2 is 1.61 so around there is perfect for the correction up. best!
swing high of 8.15...p @ 5.62 = a move of 1.45% so to get a solid entry 1.6% would be nice. so, about 5 even makes phi.
looking for a bottom between 6.48 and 7.31 around 3/16. look to fib extension for further evidence!
Despite bearish price activity, fundamentals should drive OCLR up long term (1yr)
price should retrace to between 13.36 (1.272 of wave 3) and 14.12 to avoid exhaustion. short weekly, long monthly
Good day, traders. this gives you the bearish continuation price, as well as bullish profit for the intermediate term. let me know your thoughts! as always, best Matt
bye bye nvda. here it starts...former confluence/levels and triangle
retracements, confluence, support levels. where is the case for 150? the 2.618 extension?? i'm looking for it to correct back down towards 1.272 or 126