Has the forgotten about $XRP crypto about to get its moment to shine?
Saying that, it has still moved up 100% since its low at the start of 2023, but it has not moved parabolically yet with the rest of the sector...and there is certainly potential for it to happen at some stage.
Price...
2024-03-01 19:45:41 +0000 UTC View Post
Last time we uploaded this chart was in July and there are no changes here but I have eliminated the potential bear case scenario as it has been following our impulse wave....although it hasn't been particularly moving pretty.
Nevertheless the the Wave 3 target remains valid and is at $13.5...
2024-03-01 19:39:12 +0000 UTC View Post
Not as bullish right now as GOLD but nonetheless it is in a good position to take advantage of a move to the upside next, along with GOLD.
The price is just below the 200 Day MA at $23, so a break above this level and this could start moving, testing the upper limit of this wedge at $24.50 ...
2024-03-01 19:34:00 +0000 UTC View Post
If we are fortunate enough to see a retest of the breakout level here at $141 and it holds for support, this is an ETF I strongly recommend holding for this year to weather a market correction.
The 50 Day MA is also moving up to the blue line to offer further support.
This is certainl...
2024-03-01 19:27:41 +0000 UTC View Post
Gold is back on watch now.
Testing the $2080 level today and this is the important level to flip to support and show a firm support on this level.
It has failed to hold above this level since 2019 but I believe this is only a matter of time.
This is the historical safe haven bef...
2024-03-01 19:25:14 +0000 UTC View Post
Another chart that is fastly approaching its Wave 3 target at the 1.618 Fib at $192.
$JPM is always in the right place at the right time and is lead by one of the best (apart from his conflicting views on crypto....he hates it but is still buying it)
I would not be chasing here, i...
2024-03-01 18:27:03 +0000 UTC View Post
$AFRM is doing an excellent job here holding the 0.38 Fib at $37.38 now.
This is what we want to see, a firm hold here and this can move to our Wave 5 target next at $58.
Another -4% decline today and getting very close to the 0.5 Fib at $10.18.
Still no rush to get in here yet while the marker may have legs to go higher....I am also not seeing capitulation yet either, so the bottom may not be in yet.
We have been incredibly patient here with $SQQQ as ...
2024-03-01 18:16:53 +0000 UTC View Post
Ok who doubted my Wave 5 here?
She gave us a lovely pull back to the 0.38 Fib at $80 for Wave 4 and that reliable Fib level held support beautifully and has bounced 60% since for Wave 5.
Like $BTC and $ETH now, they are all at their limits for me, so I am hoping for a pull back short...
2024-03-01 18:12:12 +0000 UTC View Post
$FOUR also got the bullish formation breakout this week, in spite of a miss on their earnings.
Looks like $FOUR wants to retest the breakout level again at $79 but a hold on this level and the price can continue moving higher to our blue line where Wave C has been waiting at $104.
2024-03-01 18:06:39 +0000 UTC View Post
Clean breakout now through the 200 Day MA and I highlighted this at the start of the week.
Up 50% from its October lows but still a lot more upside to go to reach our 1.618 Fib target at $188.
This should be strongly considered right now and we consider this a safe haven too.
2024-03-01 18:00:58 +0000 UTC View Post
$VIX is back in the channel and below the 200 and 50 Day MA now and moving to the downside still.....this bodes well for the market moving up one more leg but the big elephant in the room is watching $AAPL, $MSFT and $GOOG struggle.
The Semis and Ai stocks continue to carry the market latel...
2024-03-01 17:37:47 +0000 UTC View Post
$UNH has had two negative catalysts this week, one being an internal investigation and the other is a cyber attack on its payment system:
'Healthcare providers nationwide are grappling with financial challenges as a week-long ransomware outage at a UnitedHealth Gro...
2024-03-01 17:33:12 +0000 UTC View Post
I have been waiting for the earnings drop to stabilise before adding this chart again, as the price fell back into the wedge post earnings. In spite of a positive earnings but a slight miss on revenue.
The price action found support on the 0.78 Fib at $101....where the $100-$101 level has b...
2024-03-01 17:27:18 +0000 UTC View Post
$TSM has just raised its head above the previous high now and looks like where $AMD was before it got its clean breakout this week.
Both companies for me are clearly in Wave 3, where $AMD has 10% more to run to hit its Wave 3 target at $220, but $TSM has 20% since left to run.
It does...
2024-03-01 15:57:50 +0000 UTC View Post
Earnings on Tuesday before the market opens and the price action looks like it is going to the test the 200 MA on the 1hr chart again shortly, which is not at the blue line, which is the buy zone limit and an important resistance/support level.
The price has rejected here 3 times in Feb, so...
2024-03-01 15:53:37 +0000 UTC View Post
$YINN has so far held above its 50 Day MA at $17.50, we did not get a clear test of this level as the HSI has bounced, so this may still come down again but once the price holds above this level....then $YINN is looking good here and the 200 Day MA is still the next level to test for me at $27.90...
2024-03-01 15:50:33 +0000 UTC View Post
$OXY is also cleanly breaking out through its 200 Day MA which has been a tough resistance level to break out of since November.
Holding above this level at $60.70 and the next big test will be at the wedge level at $63, a breakout here and my Wave 5 target is at $86.
This has been sl...
2024-03-01 15:47:49 +0000 UTC View Post
Continues to climb steadily and we can see today that it is testing the 200 Day MA from below for a second time at $61.60.
This level needs to flip to support and hold and the bulls would be in a very strong situation.
The pull back since the start of the year has made a solid support...
2024-03-01 15:44:50 +0000 UTC View Post
Big finish into the close today for $AMZN, making a new higher high and now a 52 week high too.
$AMZN still drifting up to our $188 target.
$AMZN is also testing the top of the yellow resistance level too, so lets see how it behaves tomorrow, will it reject again or breakout.
Th...
2024-03-01 01:40:23 +0000 UTC View Post
$DOGE has had a great few days and finally started to join the party and did so in a very bullish fashion.
Wave C remains the target, in spite of the other larger cryptos expecting to pull back as they are all close to their targets now....so we may see some rotation from profit takers.
... 2024-03-01 01:35:11 +0000 UTC View Post
This is three charts now in a row with the exact same set ups and they have all had very strong moves this week and all of them are comfortably in their Wave 3 counts right now.
None of the charts have been changed either.
We can also see the 50 DMA has crossed through the 200 DMA, wh...
2024-03-01 01:11:03 +0000 UTC View Post
$HOOD is another stock that is comfortably in its Wave 3 count now and in its Bull Case, while moving quickly to our Wave 3 target at $19.25
As the market reaches new ATH's people start flocking back to the market to try and get some of the gains....this is also another signal that the mark...
2024-03-01 01:07:27 +0000 UTC View Post
I had not looked at this chart for some time because it was just moving along the 0.618 Fib support since Sept '23 but it finally woke up today post earnings.
Their EPS beat estimates by 47% and the share price jumped 24% to finish the day.
The impulse wave has not changed as the supp...
2024-03-01 01:01:37 +0000 UTC View Post
Looking very straightforward here from $LI, strong bounce leading up to earnings and after reporting and about to test its previous high level at $47, which is also the 52 Week high too.
A breakout here above $47 and $LI is in a strong position to continue higher to our Wave 3 target at the...
2024-02-29 16:43:20 +0000 UTC View Post
$AAPL is still in this descending wedge and there is a big battle going on between the bulls and bears right now, the bears are able to keep the price under the 200 Day MA and the bulls are able to keep the price within this descending wedge but it is getting very tight now.
A direction wil...
2024-02-29 16:34:47 +0000 UTC View Post
Same chart we uploaded 2 days ago to prepare for earnings and we said it was looking very bullish, all it needed was no surprises and it delivered convincingly from earnings and is up 21% today.
A few of our members have been holding this for the last year and sitting on over 100% gains now...
2024-02-29 16:22:47 +0000 UTC View Post
The set up is there, we just need the breakout and retest at $42.70 and we are in a strong position.
$ABNB has given us early bullish signs now too and both are heavily correlated in the travel sector.
The 50 Day MA has also crossed the 200 Day MA in a golden cross, which is also a bu...
2024-02-29 16:16:39 +0000 UTC View Post
Earnings reported today and although it was an impressive double beat, they also hit the market with a double blow.
They gave a weak forecast and the CEO decided to step down.....which is too much uncertainty for one day for one company and the share price reacted accordingly and is down -1...
2024-02-29 16:06:27 +0000 UTC View Post
$DG continues its slow drift higher through our impulse wave and showing signs of breaking through the 200 Day MA potential resistance level today, a clean break out here at $144 and the price can continue higher as we projected to the Wave 3 target at the 1.618 Fib at $188.
The pull back a...
2024-02-29 16:00:49 +0000 UTC View Post