xtremerider8

xtremerider8

See Chart; * 78.6% Fibo retraced * GANN Fan line supported * Strong horizontal pivot

xtremerider8

There are so many trend lines where the correction may reverse. Comment what you think.

xtremerider8

MATIC is now at a good place if it wants to reverse. The big fall has broke below upchannel but saved by GANN Fan support. However, it has to get above 1.735 & 1.902 (ema200 & ema 150 zone) for me to be bullish again. Right now bulls & bears are still fighting at tha GANN fan line with no obvious winner coz it still failed to get back Inside the upchannel. Failure...

xtremerider8 Updated 

LUNA has fallen from a solid uptrend above all eMAs in proper sequence when suddenly the negative risk-off sentiment in the stock market pulls it down back to the median of the up channel. Price has bounced with big volume from ema 150 forming a long wick. The next day it retook ema100 with a big green candle giving us hope for a possible flag & reversal & an end...

xtremerider8

I think DXY reached TARGET PRICE if H&S...retraced to Horizontal support & now bouncing back into rising wedge. This is the start of wave 5 of a bigger wave 5...to make higher high This is bad for commodities & emerging market Just my opinion

xtremerider8

Sorry guys I was wrong. That is why you need to make own analysis. I did not expect it to gap down the whole support zone even break below the up channel. That is OVERKILL. Gann Fan shows it broke 385 line. So the next 2 line supports are 350 & 290. Pls see the red lines 350 is also the 85.4% Fibo. As of now it already retraced 78.6% with indecision candle. 350...

xtremerider8

JD made quite a comeback amongst the Chinese stocks because its business is more diverse...a little bit of joint business with the other big names. If JD breaks above those compressed ma ribbons & get past the cloud, that would be very bullish. Again, not financial advice

xtremerider8 Updated 

The correction of Netflix may be ending soon... At worst, another 5% down. There is a lot of support in the psychological 500 level down to around 480. 500 will be around 50% Fibo level (290 to 700 range) & I think it will hold as a lot of trading was done in this zone last August 2020 to May 2021. not financial advice...just an educational guide.

xtremerider8

I warned in a post yesterday that the Nasdaq correction is not over yet. Big drop yesterday. Last few days we saw QQQ seesawing the dma20 lower & lower (see yellow candles) until it drops & struggles inside the cloud but failed. Next support likely at 350 & 340 & may trade horizontally for a while. Not trading advice

xtremerider8

SOXL repeated an M pattern back in Jan2021. It also return to the base of the ascending channel started in Jan 2021. Good news is that there is a ton of support below 49 where buyers may come in. Not trading advice

xtremerider8

After recent Deathcross, Ltc back to Jan 2021 conso range 120-190 till Feb before breaking above the red DMA 200 & Ichumuko cloud for a new Feb rally. Right now it just broke below dma20. As long as it holds above 120 recent low, it remains bullish. A break below 106 is bad news Not financial advice

xtremerider8

Pls see the notes on the chart. May retest the all time high 106.30

xtremerider8

Nio may have already completed the abc wave 4 correction & is starting wave 5. Divergences appear in Rsi & Stoch. The bottom may be in at 27.52 as it has already retraced 78.6% from the top of wave B. not financial advice.

xtremerider8

NVDA is near bottomming out at around 254 & 230 which corresponds to the FIBO 61.8% & 78.6% respectively. 254 is more probable as it falls along the path of the nearest GANN Fan line. However, the only strong support is 230...where buyers are waiting to buy it right up to 254 with a hammer candle. 2022 will be a good year for digital economy & Metaverse related...

xtremerider8

NRGU not yet topping out but it will be soon. After reaching target price300, it may retrace FIBO 38% or 50% to its strong support around 260 or 220 (See GANN Fan line). I may be wrong coz of demand & supply tailwind... vast demand & supply problems. Pls make own analysis.

xtremerider8

Even if Nasdaq have a bounce rally up to 15500 strong resistance where it will be rejected & may still break below the uptrend line which is also along the dma200 line. That abc correction may retrace 61.8% of the FIBO levels from low of 12208 to peak of 16767.50 (near a GANN Fanline)... falling to approximately around 14000. That will be a 10% correction from...

xtremerider8

If FTM does not hold 2.86, there is a weak support at 2.50. However the only strong support is way down at 2.00, which is also the FIBONACCI 61.8% level & dma200. Also looking like a running flat correction. Not financial advice.

xtremerider8

As long as ETH holds 2900 which is also the 61.8% FIBO retracement level from top, it will still be supported by this GANN diagonal trendline. After completion of a running flat wave 4, wave 5 shall continue going up. Not a financial advice