I am not seeing any changes to the chart here that we last uploaded on the 12th of Sept.
Aggressive pull back yesterday due to a revised guidance for 2025 and it has given us a lower low now but still no changes
The 0.78 Fib was on the chart on the 12th of Sept and it is still there n...
2024-10-16 13:00:23 +0000 UTC
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$SOFI hit the Wave 3 target with precision and it was great to see
It may overshoot this level today but we must add the 0.38 Fib at $9.09 (see how similar it was to the 1 Fib which was on the previous chart) for Wave 4 always at this point.
A pull back to this level and holding and y...
2024-10-16 09:30:27 +0000 UTC
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I have added in the Impulse Wave count now for $ETH if it can break out of this triangle at $2700, $BTC and $SOL have their 1.618 Fibs on their charts too.
A break and hold above $2700 here and $ETH and Crypto is looking very well for the remaining part of the year.
Wave 5 also conven...
2024-10-16 09:26:35 +0000 UTC
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There is going to be a lot of questions today from the group that look like this:
'Is the pull back complete now for $NIO since we have tested the 0.5 Fib?'
As we will likely see a positive day for $NIO today after another healthy release of registration figures
But I can not co...
2024-10-16 09:22:50 +0000 UTC
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Ok things are looking very good here for Solana as Crypto starts to prepare itself for a potential move.
Large bullish flag has been in place since March, which was the ABC correction, with Wave C holding on the 0.5 Fib, so I am happy with that
Since Wave C held, there has been an asc...
2024-10-16 09:15:14 +0000 UTC
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$BTC is finally making bullish movements and burst through its 200 Day MA and went straight to the 1 Fib at the yellow top trend line for a test at $67k.
The market is very much aware of the significance of this level and the $69k level above.
A break above this range and $BTC is into...
2024-10-16 09:08:11 +0000 UTC
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The US talking about implementing a chip embargo yesterday did not sit well with the market, on top of $ASML's earnings leak which was a miss, caused a wave of selling as $NVDA was approaching its previous ATH level at $141.
It is always interesting to see these separate incidences align wi...
2024-10-16 09:04:10 +0000 UTC
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Silver has bounced very well now after retesting the blue support line at $30 last Tuesday on the 8th.
We are seeing a series of higher highs and higher lows now and support also came on the 0.5 Fib too.
I did not add on this pull back because I am happy with my current position but d...
2024-10-16 08:58:38 +0000 UTC
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We have been more than patient with this and although we are enjoying the gains, we want more shares to hold long term, we are behaving as Long Term investors, focusing on the big picture....and embracing a pull back which will ultimately reinforce the structure to allow it go higher
A brea...
2024-10-15 19:57:37 +0000 UTC
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$AMZN responded well today after a retest of the 50 and 200 MA on the 1HR charts.
Price has formed a bullish triangle now too as it prepares for another test of the $188 level
Remember the brief from the weekends update, give $AMZN time!!
We are leading up to earnings and a US e...
2024-10-15 19:53:19 +0000 UTC
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OK $164 and the 200 Day MA did not hold on the retest, so where is the next support level?
We can see that the price is testing the yellow trend line, which it broke out of on the 26th of Sept, so this is a potential support level, failing to hold here and we have the 50 Day MA in between t...
2024-10-15 19:49:35 +0000 UTC
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$VICI looks like it has bounced $0.26c higher than the 0.38 Fib and has moved very well
Price is above the 50 Day MA now too and testing the 1.618 Fib at $33 now, a flip of this level to support and we can confirm that this is in Wave 5.
A retest of the 50 Day MA from above however wo...
2024-10-15 16:46:58 +0000 UTC
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$BIDU has been one of the weaker Chinese ADRs as it has not held the 0.38 Fib or the 0.5 Fib.
I am back even now and flat on my position as the price tests the 0.618 Fib and the blue support line at $94, which is a confluence level.
We don't really want to see $BIDU lose this level no...
2024-10-15 16:28:41 +0000 UTC
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Has bounced again on the 50 Day MA and the 0.618 Fib up to the wedge top line, no break out yet but this is moving in the right direction, what we are looking for is a break out and hold above $29.70 and I believe this can move to $34.22 next to the 1.618 Fib to complete Wave 3.
2024-10-15 16:24:34 +0000 UTC
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I am not a fan of $ARM, its $169 Billion market cap company which effectively do nothing but be a holding company.
The majority of their shares are held up too, meaning the low float can create wild swings and then can be dumped very easy if the supply is increased.
Potentially large ...
2024-10-15 11:19:53 +0000 UTC
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Still no breakout of this long descending wedge but there are some positive signs
Price is above the 50 Day MA and retesting from above now, a breakout of this wedge at $98 and there is a low risk reversal to the 200 Day MA which is at $120 right now.
$EL has been beaten up significan...
2024-10-15 11:11:38 +0000 UTC
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Ding ding, Second Target has not been hit, mission complete.
I would not be entering a position here now but holders should be considering watching for a rejection as this may come down now again to the First Target again at $377
Only holding above $421 would change my view here
2024-10-15 11:04:25 +0000 UTC
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Bringing this back to your attention as there is another bullish triangle forming here in this Wave 3, and the price is holding above the 200 Day MA now and the 50 Day MA.
A break above this triangle and holding at $68.20 and you have a buy signal and the next level I would expect this to m...
2024-10-15 11:01:12 +0000 UTC
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$PAYO is breaking above the First Target now, so holding support on this level at $7.80 and consolidating, then we could start to see a move up to the Second Target next at $10, which is a +20% jump from here and close to a 100% gain since we alerted this at the wedge breakout at $5.50
2024-10-15 10:58:24 +0000 UTC
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$UNH beat on earnings but is down - 3.7% after missing on one piece of metric:
'Shares of UnitedHealth fell after the healthcare services company reported third-quarter earnings that beat Wall Street expectations.
The company posted adjusted earnings of $7.15 a share on r...
2024-10-15 10:56:04 +0000 UTC
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Zero comments needed to be made here.
This has been textbook.
We are waiting for signs of reversing now.
2024-10-15 10:45:19 +0000 UTC
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$SMCI is still being kept down by the 50 Day MA and the 0.618 Fib which is a confluence level, as two separate indicators have aligned at the same price.
A break above $49 and holding and I believe $SMCI can recover very well and move back up to its 200 Day MA at $72, for a 40% gain, so thi...
2024-10-15 10:00:50 +0000 UTC
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$ETH had a +6% today yesterday and the crypto sector had a good day out, we can see on the chart that $ETH is moving back up to the top trend line now
The level to break and more importantly hold above is $2670
Holding above this level and we have a reversal signal and the next test w...
2024-10-15 09:47:15 +0000 UTC
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I am calling this the Redemption Wave 2 pull back.
$NIO delayed us by a year last year because they did not execute on their delivery targets (macro influences were at play too and the EV sector suffered) and when $NIO ran from $7 to $16, it's pull back started but it could not hold at a hi...
2024-10-15 09:43:11 +0000 UTC
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$BABAs chart has been the benchmark, moving very controlled and not yet at its standard Wave 4 pull back level at the 0.38 Fib.
Price is at $102 now, with $100 being the target
With the HSI still needing to confirm its support level above the 0.5 Fib, I am not rushing into $BABA, I wa...
2024-10-15 09:36:21 +0000 UTC
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HSI has moved into the sweet spot now
We have 3 waves, we have the lower low and we are in between the 0.38 - 0.5 Fib levels now.
A test of the 19,855 0.5 Fib level can still come but we really want to see this level hold
Going below the 0.5 Fib for Wave 4 is not common
Th...
2024-10-15 09:31:54 +0000 UTC
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There are no changes to the chart but worth looking at this again since it has now broken above the 200 Day MA and retested this level today too.
The 1.618 Fib is at $81, so this is the target now for this next wave, which would be Wave 3.
The elephant in the room is the yellow trend ...
2024-10-14 18:28:01 +0000 UTC
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$AFRM is moving according to the plan and comfortably in Wave 5 now after making a higher high and I believe this can move up to the blue line at $52 still and go even higher to the 1 Fib at $56.
Like $PYPL, I would be expecting a pull back after Wave 5 in an ABC corrective wave, with the 5...
2024-10-14 18:25:22 +0000 UTC
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US10YR is inching closer to the 200 Day MA, so a test and rejection at this level could bring even more positive momentum to the finance stocks we cover
$PYPL, $SOFI and $AFRM have all been moving strong and $SQ looks ready too
The bounce since 3.6% has been aggressive too and I think...
2024-10-14 18:19:21 +0000 UTC
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Bringing this back to your attention as a reminder:
Double 0.618 Fib hold here
Ascending triangle formed and the breakout level is $281
This could move like $ABNB did when it broke above $120 and went straight up to our Wave 3 target.
Hav...
2024-10-14 15:16:00 +0000 UTC
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