xtremerider8

xtremerider8

Baidu has entered back inside the upchannel. It went down to retest the diamond pattern but bounced off MA20 & held above ma 50, the cloud, the diamond & also the strong volume pivot at 153. I think accumulation period is done & ready for rally. It will have a golden cross in a few weeks going above the cloud. ABC correction bottomed. Not trading advice

xtremerider8

ARK seems to be making a H&S pattern targeting a measured move to the median the the channel at 97 which is also a FIB level. A bottom for wave 4 ABC correction was likely reached when ARK made a lower low last Feb 24 with RSI bullish divergence. So wave 5 continues. Growth stocks recovering. Not trading advice

xtremerider8

BTC after a deathcross early Feb, is fighting to hold 44k & may also fail to break out of the cloud. It is being rejected by ma200 as of this time. Rsi being near oversold, we may see a return to the 34 to 37k zone in the short term before another rally attempt. There are still a lot of resistances ahead so a retest of 30k is still possible specially with more...

xtremerider8

SPX fututres on Feb 28 finished a classic ABC correction; B rallies 0.618 of A & C retraces 1.272 of B. (a final capitulation by algos due to the "NUCLEAR" news) It may BO of a bullish falling wedge this week. Some historical data: Market's geopolitical shock events historical on average causes a 5% drawdown, bottoms in 22 days & recovers in 47 days. SPX averaged...

xtremerider8 Updated 

CELO brings DeFi tools to 6 Billion mobile users. It has been making an INVERSE H & S pattern while consolidating down in some form of falling wedge which is bullish by itself. It must hold 2.06 the apex of RS. Note the 2 Target prices at 4.90 & 6.90. (Note the red dotted median of Pitchfork is also near the 6.90 area, the measured move in case Inv H&S play out) A...

xtremerider8

The average of the 24 SPX corrections in the last 47 years is 13.7%. As of now, it has already exceeded this average so just maybe 4114 was the bottom for now. Sunday pre-market SPX gapped down more than 2 % before a bounce. If 4200 will not hold this week, we may see a lower low. The word “NUCLEAR” in the news had triggered AI Algo selling of hedge funds. I dont...

xtremerider8

SPX seems to be making 2 megaphone patterns…the green one for the consolidation & the violet one is for the melt-up top middle of May 2022. The violet megaphone was drawn only after 24 Jan2022 bottom reversal when SPX made a lower low. Sorry the early portion of the fractal did not fit well in terms of timing but I still include it to note that the price action is...

xtremerider8

ETH completed ABC bottoming at 2161. With the recent long hammer reversal pattern & a bullish green follow-up candle, ETH just confirmed a higher high. DONT celebrate yet. It still has to make a higher high past 3300. It has returned back inside the flag channel. Breaking out of the flag could see a measured move up to the 4000 to 4200 zone. Not trading advice

xtremerider8

For your eyes only so you know all the potential pivot points going forward. BTC seems bullish in the short term. Medium term it will ultimately be still be rejected the the red dotted median pitchfork line. Long term it is still very much bullish going into 2023.

xtremerider8

BTC now hovering around the neckline. There is a slight Rsi divergence in the 4H chart so maybe BTC will still go down to make the right shoulder. The next resistance 44k & 54k are very impt. The measured move of this Inv H & S exactly points to 44k. Careful the low side of the BIG UPCHANNEL may still be tested before any big rally foe new highs. Not trading advice

xtremerider8

XLK on 25 Feb shows signs of bottom. However it may still be rejected by the blue trend line & make a double bottom. Breakout of that blue line will VOID the H & S pattern & uptrend channel will continue to be respected. Target price will be 188, a 30% upside from my predicted double bottom. But if some good news will come next will, XLK will just cut through the...

xtremerider8

MATIC made another diamond pattern at the 78.6% FIBO retracement zone. Reversal may be near. Stochastics & Rsi turning up from oversold. Wave 3 definitely shall continue. Not trading advice.. just an actionable guide

xtremerider8

XRP setting up something similar to previous Breakouts. (The 2 blue zones) It must BO the green 0.85 Fibo zone making a higher high for me to be bullish.(wave 5 continues) It must not break below the red 0.62 Fibo zone or else more downside will come. Not trading advice…just a simple guide

xtremerider8

LUNA did not even reach down to the 78.6% Fibo retracement. After a constricted Bollinger Band, it just bounced from ma200 red line & went above all MAs. In 6 days making a 44% gain. Now it went back inside that upchannel & is now testing the median line.(wave 5 continues) I believe this upchannel will resume with that big green weekly engulfing candle. On the...

xtremerider8

HBAR seems to have completed a M-pattern & now resting along the 0.854 Fibo support zone. A final place for reversal. RSI & STOCH are turning up from oversold. Volume is increasing. Looking at the range, we may set Take Profit levels at 0.41 & then at 0.49 (a 116% upside from current price of 0.217) Wait for BO from falling wedge. Not trading advice

xtremerider8

As I warned last 22 Feb, gold failed to reach 2000 & made a bulltrap. It most probably will retrace to the blue eclipse 1883 to 1930 zone to make a cup handle before a big rally. This happened while dollar push higher pressuring commodities & stocks now seems to recover which may cause some money to rotate back to stocks. Not trading advice

xtremerider8

DJT transports & IWM smallcaps are my favorite market leading indicators. They are the first to change market direction. Again on 24Feb, it was DJT that first made a long tail hammer…& it remained the longest. This is most probably the bottom after DJT made a diamond at impt FIB retracement level & made last capitulation down for a bear trap. Last 17 Sept 2018 DJT...

xtremerider8

IEMG has very high probability of reversing due to the recent formation of a diamond pattern. Some more downside move to the base of pitchfork is still possible but unlikely due to the BULLFLAG formation. Also smart money has already been accumulating with increasing volume during this flag consolidation. Macd, Stochastics & RSI turning up. Either Wave 5 starts or...