I am not skilled in the wave arts and would like to know, am I doing this right? Check it out and let me know.
When sharing charts, I'd like to not have these levels on my chart. Does anyone know a quick way to disable just the horizontal lines? They're classified as drawings, so they'll get hidden with everything else. I use these levels for my own, but hate to delete them everytime I make a social share. Feel me? 🤙🏽
Looking at drawing channels, I think you do have to draw the big downtrend line through the Mar/ Apr daily highs. Look at the weekly (below) to see why that is actually more accurate So what does that mean? The last 2 days were significant because we have broke BTC last decending trendline from 69K. Yes we can still go lower, (as most trendbreaks will want a...
With September being the worst month for tech stocks in particular, I believe prices will test the range area, and come out of it with some bullish momentum in October. Stay tuned 🤙🏽
We see a trend going lower, a trend break, and now I believe we'll make a new low for the downtrend around the top of the previous range. This will lead to a push that will challenge the larger downtrend line. Stay tuned. 🤙🏽
Prices have overshot my trend channel, leading to an overbuying in equities. According to trend line rules, when we have an overshoot of the trend channel, expect prices to break out the bottom of the trend. This correction could take 1 to 2 weeks.
Here's an update on my TSLA chart, post split. In the immediate, we'll most likely make a new local low, followed by a new trend up, that will lead to a new high. Potentially $316 Follow along for updates. 🤙🏽
Here's where I think prices are going in the short term for $TSLA I'm seeing a break of the larger uptrend. The downtrend experienced an impulsive selloff, and overshot my downtrend channel. I expect prices to break out the opposite side, retest support, then go and make a NEW HIGH, thus completing the large uptrend. Followed by a deeper correction, maybe...
I'm tracking the 10Y very closely. Why? Because 10Y is the driver of all equities. If 10Y DUMPS, equities and crypto go up. So, is 10Y close to topping out? I'm seeing a trendbreak and new high, so a correction is coming, that will test the low of the bigger up trend channel. stay tuned. 🤙🏽
Trend break then 2 legs to a new high then deep deep correction What do you think? 🤙🏽
Before another large leg down. According to trendline rules, when we have an overshoot of trend (in this case, overselling), expect prices to break out the other side, and possible reversal. Although, I don't think this will lead to a reversal, after this week, I see another leg down. 🤙🏽
I think Polygon is going to have a large part in the next phase of ethereum and maybe crypto at large, so I've been looking for an entry into MATIC. Well here's my entry. Bitcoin pulled back hard today, and brought all the coins with it. I'm seeing Matic finalizing it's downtrend, with an overselling event, which brings prices to the bottom of the yellow range....
SOL - reaching local top status with this triple test of the highs. Will watch for prices to correct back to the larger upward channel.
Prediction drawing. I believe this overshoot will coincide with a failed breakout of the range/triple test, so I'm expecting prices to break the trendline, and retest the bottoms of the range.
Now that we have a trend break and new low, I'll expect prices to correct in the immediate short term. But with most support at 1700, I suspect prices will ultimately land there, with a few short term corrections up. So I think the new trend is a less steep, more gradual move down to 1700. Will update with new price action as we go. As always, follow along for...
Ok, we now have a break and new low, so a correction is highly probable, especially with the speed of the selloff creating an overselling move. Usually, that can mean a strong relief bounce.
I'm betting we'll make a second leg up after the most recent breakout. SHIB has some catching up to do compared to other coins that pumped this summer. Entry at 00001603 Profit Target: 00002022 Stop Loss pretty tight, as I jumped in on a higher low. 🤙🏽
Traders, this is a bullish sign, expect at least a breakout to the opposite side of the channel, possibly even a reversal (but that depends on BTC). STAY TUNED 🤙🏽