xtremerider8

xtremerider8

I think it is time for Emerging mkt to rise after falling near 20%. It has made a big flagpole & the flag is now at the 38.2% Fib retracement which is also a big support zone (45.68 to 47.50). It had broken out of a BIG multi-year consolidation WEDGE last Jan 2021 to extend the 3rd leg of the flagpole & has re-entered inside this wedge to retest this impt support...

xtremerider8

BTC may see a potential reversal at current 38k level or lower up to 34k. It made a Left Shoulder in 23 days & a head in 45 days. (There is also sort of a bullish falling wedge?) Using the same projection, we may see a completion RS & BO of NECK sometime b/w 5Mar & 27Mar. The projected Target Price is the 61.8% FIBONACCI level at 55400…a 60% move from 34k assumed...

xtremerider8 Updated 

I quickly made this update to show the diamond reversal & 3 take profit levels for the person asking for it my previous post. Hope this helps. Since Rsi not yet oversold, MATIC may still go down to retest the middle of the diamond which also happens to be a horizontal support line. This 1.505 level must not break for a continuation of the upchannel & wave 5 of...

xtremerider8

MATIC has a big chance to bottom out at this zone before a big rally up.(final capitulation) Note the 3 levels to take profit in the coming next big impulse wave 5 up. This is just a guide.

xtremerider8

This is the final capitulation I am waiting for. ADA broke below DIAMOND. This may be a bear trap to get STOP LOSSES then reverse up. I would never enter ADA unless it breaks above & holds the dma 50, then dma 100 which have been rejecting price for a long time. (May consider Dma 50 BO as first entry on a dip & higher high than last solid red candle) This big ABC...

xtremerider8 Updated 

MANA already BO of ABC downtrend line & is now retesting the lower edge of this BIG up\channel. After 7 continuous red candles making a M-pattern. This bullish pattern may stop the decline & make a possible bounce on the channel low. (No sign of bounce yet but RSI is OVERSOLD). A bounce will give bulls a chance to make a short term higher high going into the...

xtremerider8

Roku & Netflix were victims of a return-to-work scenario. It will take a lot of work to recover from a 22% plunge. There will be a lot of volatile buying & selling in the red eclipse due to FOMO & FEAR. Monitor for a reversal pattern in the red zone specially when it goes above & holds the dma 20, then makes HLHH. After that SELL the rips as long as it is still...

xtremerider8

Don’t just buy yet. There is a strong resistance at 1920. RSI is already overbought in all timeframes so a small retracement may follow soon. Watch the reaction there & buy if it BO & holds 1920 for 3 days. If rejected, 1833 would come into play while still respecting the recent H & S neckline BO. Not trading advice

xtremerider8

IWM, IYT may be the market leaders in case the indices reverse back to uptrend with QQQ & XLK the laggards. It recently fell out of the year-long consolidation box 208 to 234 with a lot of whipsaw along the median line 220. It fell & stop exactly at the top of the green Megaphone. (There are 2) Although there is still a risk of falling to the impt FIBONACCI zones....

xtremerider8

From 65k down, BTC only came down to the green Pitchfork line (29k) & bounced back up to make a new high(69K). WAVE A down: However, it was not able to reach the top side of the fork & was sold back down from 69k. It stopped again consolidating along the green line but I think this time, the green line wont be able to stop it. WAVE B up: Zooming out there seems...

xtremerider8

QNT just made a 9% move & may BO of cloud very soon. It is impt to WAIT for it to break above the green dma 50 & turn it into support. As you see in the chart, this green line has been rejecting QNT for a long long time. Breaking that will mean a change in character. Not trading advice

xtremerider8 Updated 

MATIC is now trying to go above dma20 middle of a Bollinger Band that is pointing upwards now. A break above & hold of dma20 is a BUY signal. Stocks & RSI have also turned upwards. Price looks likely to reclaim the uptrend line. It may BO small resistance line just above which will be very bullish Not trading advice

xtremerider8

Despite the recent crash in Chinese stocks, TENCENT & JD seems to be the leaders in recovery. The reason may be due to their more diversified business segments. Alibaba & Baidu are the laggards. The chart shows that the channel & Fib levels are being rejected. Most likely wave 4 has already bottomed & wave 5 of III has started. Wait for price to break the diagonal...

xtremerider8

Berkshire Hathaway of Warren Buffet is well known for value-investing. In an environment where growth stocks already had a great run & now correcting, may BRK.B is a sound hedge for the moment. This ETF had financials like BAC, V, MA & the latest is a Brazilian Bank NU which are good hedges for rising interest rates. It had several utilities, consumer staples,...

xtremerider8

Unlike previous diamond BO, BIDU did not have volume conviction this time. Good news is that it held the Channel support above 153. I think it have to consolidate more to flush out more sellers as it enters the thick red cloud. Maybe sellers will run out & buyers will start to come in with volume support, Be patient & wait for the next BO with volume. It may be...

xtremerider8

After a big impulse wave down to lower end of channnel with increasing volume, AMD has completed a bullish M-Gartley pattern. Stochastics & Rsi are turning up. Both the wma50 & the Ichimuko Cloud will provide enough support to keep AMD inside this upchannel. Any possible break of channel to complete an ABC down will be short-lived as buyers will quickly come to...

xtremerider8

Chart shows the 2 target prices. Most likely the bottom is in. Energy should be bullish in an economic recovery unless a black swan happens again. Not trading advice

xtremerider8 Updated 

Gold with recent BO fr a H & S pattern seems to be stalling. I think it will be difficult for gold to break the FIB 78.6 level on its 2nd try. (RSI near overbought). It could go down again back to the 1800 mean without voiding the H & S BO. Note my FIB EXT levels from wave 1 to wave 2 where I predict the target zone at impt ext. FIB LEVELS 2.618, 3.618 & 4.618...