I had to, really had to - do another post for $NIO. This time on the monthly logarithmic. Love this structure on the monthly, 3M and 6M look GORGEOUS. That last word makes me worried a bit, this chart is just too good that makes it sketchy. But hey - I am still hyper bullish. Ran a time mark from the gray vertical line to the blues. Started on the retest from...
if this breaks to the upside -- kiss 100k and break to 130k? Big if it breaks. Yieahh
yieahhh We can go touch $46 and potentially go test the upper part of the channel. Bunch of confluences for the bounce. 1. Parallel channel support 2. Wave C has same length as Wave A 2. Filled previous gap 3. Using previous high from 2023 as support 4. Weekly RSI and MACD turning around Daily RSI is in an interesting point, will reach a resistance on the...
literally a year ago on Feb 2024 I posted a beautiful chart that we nailed precisely. Coincidence we meet again one year later? I hope yieahhhh Strong confluences 1. 50% fib retracement 2. mid line on the parallel channel dating to stone age 3. RSI on weekly at 50 4. RSI on daily closed right at 30 Gamma exposure is heavy into the negative side - reason of the...
Weekly chart this is for those of you who appreciate abstract art, directly coming from Pablito Picasso. 1. ABC down, current C is 61% fib from first leg. 2. Bunch of confluences here - High volume area, would be better if price closed above it though and within the upward channel - RSI on a wedge going from the previous lows we had at end of 2023. (This makes...
liking NASDAQ:TLT here. This is a monthly chart fyi 1. Forming nice head and shoulders knees and toes 2. RSI and price divergence since 2023 3. just bounce of a strong line of support last 2 months My gut says if we break the resistance at current price, we can go quickly to $94. Medium term, $120 will act as a magnet with the lack of volume between current...
rough day for some, good day for my DCA friends. NASDAQ:MRNA on a rough down trend since covid days. Looking for a wild bounce here. 1. MACD curving to the upside 2. RSI Curving to the upside 3. Price is at the bottom of the parallel channel. My bets are on seeing $60-$70 which is middle of the channel by the summer. Of course I bought some time. Would be...
Dicey structure here. Debating whether it descended on 3 waves A-B-C, or whether it is on a big formation of 5 descending waves. This one will carry some risk, so not my all in type of trade. This one carries the same odds as the casino roulette, well a bit better. Either way, good spot for a bounce whether it is reversing to bull or a retracement on the bear...
oh dear NASDAQ:AAPL why do you do this to us on earnings week. Beautiful setup. 1. Setting support on the parallel channel since breakout from back in June. 2. Confluent with the 61% fib retracement measured from same breakout from June. 3. Daily RSI at oversold point. 4. Daily MACD giving us turning hopes. We want this to get back to the mid point on the...
Another Chinese company. They are all beat down can they get beat down further? - yes can it sink down? - yes am I scared? - yieaahh will I still go in? - yieahhh 1. Awesome R/R 2. Came down on a clear A-B-C 3. Monthly MACD trending green 4. Monthly RSI on a triangle, as soon as this breaks we will see a direction and will be fast, should be soon as we approach...
Following up on a special request for my sweetheart Jasmy, my fav but don't tell anybody. Seeing some potential symmetry from the end of the big wave II with the smaller wave 2 from wave III. 1. triangle consolidation before starting a wave 3. 2. setting triangle base around 61% fib - love it. Good R/R some may use tight stop loss with triangle base, others on...
yieahhhh NYSE:BABA NYSE:BABA NYSE:BABA showing very similar setup as all the US small caps. If you can decode this elliot wave mess I made, you can decode anything. 1. Right at volume shelf 2. Higher low showing a small timefrane second wave II 3. Ready to explode on to the third wave (3) 4. End goal of big wave 5 matches with the 50% retracement fib...
ohh beautiful NYSE:TEL , there is just something about you... Months ago I posted a chart that was on point, but very conservative compared to this. I hadn't seen this chart in log before. This beauty seems to be consolidating refilling those jetpacks. Is $0.9 a dream? Not sure but hell I will take some chances. Aiming for first stop at $0.03 for the first...
yieahh another crypto for the gamblers. Looking at a nice and cheap spot, will rely on overall btc recovery and an uptick in volatility to get cryptos to break previous highs. Playing it for the fun, yieah.
Liking the risk reward here, a retest of the parallel channel. Heading to the med line. If this breaks down, will get ugly to touch again lows of early Nov where we got a big volume shelf. For now going to bet on the long side with a close stop in case this goes neeeih.
yieahh looking on a make or break spot, very good risk/reward. Bouncing for the fourth time on the trend line. - Some say each bounce makes it stronger, others say each kiss to the trendline makes its legs weaker. Since my thesis is long, this time I will jump in the car of the bouncing makes it stronger team. Daily chart has volume gap taking it to...