The Long Investor

$ETHUSD

$ETH is moving well too....broke above its bull flag, above the 50 and 200 Day and into the bull case now.

$ETH holders want to break the $2145 level which was the high in April this year.

A break here and this would be quite bullish for $ETH and Wave 3 is likely next at the 1.618 Fib...

$ADAUSD

A follow on from yesterday, where we watched the triangle breakout and now we have our retest and hold of support.

All very textbook here and moving very well in a bullish impulse structure.

We want to see a new higher higher here above $0.40c and this can attempt a breakout above $0....

$MARA

Crypto companies have started to make their move now, we have been calling this step by step and  on many of the cryptos and every single one of these charts have been flawless.

I can see this continuing its move higher, to our Wave 3 target at the 1.618 Fib at $14.15.

$BTC also ...

$ETSY

$ETSY is back above the blue support line again, having been rejected at this line 3 times since Sept but broke through this level in November, a retest of this line and holding above will be great news for bulls, confirming that this level has been converted to a support line.

$ETSY's fund...

$CRWD

$CRWD is at our standard Wave 5 level now at the 2 Fib, anything beyond this and we are pushing into extended Fibs, which is fine if the bullish momentum is behind it but it is not normally somewhere I would consider adding or starting a position......many people buy here believing this will cont...

$ONON

Interesting spot here for $ONON.

Pulled back and still fighting to stay above the trend line and we can see that the 50 Day MA on the 1hr has moved up to the trend line here too.

If this can act as a strong support and a confluence level, $ONON could push higher to the green Fib level...

$AMSC

Who remembers $AMSC, the market got excited about a breakthrough in July on a Super conductor that could be cooled down at room temp, which was a major breakthrough, many companies went parabolic on this news and the price action took off..

We waited for the pull back and waited for support...

$TSLA TOP 20

Moving also within a triangle at the moment for this Subwave 4, as long as it moves within the constraints of this triangle, it has a good chance of breaking to the upside to complete Subwave 5 at the yellow trend line at $270.

A break down from this triangle would not be a good sign whatso...

$NIO TOP 20

1 month later and we are still within this tight range, in this descending wedge.

More rumours circulating over the last 24hrs that Mercedes have been back in China and viewing $NIO's factory, its safe to say we all want this to be true but until there is an announcement of some sorts, we c...

$LI

$LI is showing what happens when a company executes to the highest standards, when a company has integrity and achieves what they have said they will do.....not only this, $LI has exceeded expectations and their share price is rewarding them for this.

Some people believe that $NIO is being ...

$ADAUSD

I uploaded this chart yesterday to highlight the triangle forming and what to watch for if there is a break in either direction. During the night, the price action has so far broke out to the upside and is now testing the triangle trend line from above.

If the price can hold above this leve...

$XPEV

'$XPEV rise 4.65% to $17.4 premarket after its partner Volkswagen announces plan to introduce new EV models in Chinese market

** Volkswagen announces that it will develop a new platform, known as the A Main Platform, for entry-level EVs in China'<...

$FSR

We highlighted on Thursday that there was potential support on the trend line at $1.91, price went below this level to $1.79 but recovered nicely on Weds.

Going -7% down to finishing 6% up for the day, a rollercoaster week for the stock.

Nice movement in the PM now, we want to see str...

$SQQQ - RC -

I last uploaded the $SQQQ *ultra short QQQ ETF on the 26th of October, when the market was looking bleak and we went through this chart (attached) and it also showed that the $SQQQ was in a bearish channel and a break down would be likely.

Which also lead us to continue our belief that the ...

$SPY TOP 20, 10 YEAR PROJECTION

We can see that Primary Wave 1 will top out within a few months of the start of next year and start its ABC correction.

I am looking around the $350 level at the 0.5 Fib as the pull back area for Primary Wave 2.

Then we are in into Wave 3 for the next 5 years until 2028.

Buying ...

$TGT

2 Charts here, first is from the 9th of November, discussing the potential bottom at our Second target level.....

Looks like it was the bottom.

It has jumped 25% since.

OILUSD

Oil continues its pull back to the strong support level of $70.70, just at the 200 Day MA on the weekly chart.

As I said in my last update here, this has been a strong support level in 2023.

If the price of oil threatens to go lower than this level, I feel that suppliers will get invo...

$BDX - RC -

I am not particularly a fan of these long ascending triangles but the positive news for bulls is that they can continue on for a long period until they are broken down, so this could continue drifting higher until 2027 as long as there are not any concerns from their earnings.

If it does lo...

$ADAUSD

I am watching this triangle forming here nicely on the daily chart.

The price has pulled back to the 0.38 Fib at $0.34c and is now drifting tighter into the triangle apex.

A breakout at $0.39 and this can move up to our blue line next at least at $0.42c

A breakdown from the tria...

Trading View

This is not a paid promotion or an endorsement from me of Trading View.

It is just the chart platform I use and find it very helpful.

I update my subscription every year around Black Friday and it is -70% off for this sale.

Something to consider if you do not have your own platf...

$PARA

Is it time for $PARA to step out of the abyss and back into the business again?

It has found support on our blue line which was the 2020 Covid low and has bounced well since.

Price needs to get above the 50 Day MA at $16.80 which is also the channel trend line, a hold above this level...

$LRCX

New 52 Week high today and this price actions brings it back up to our blue line which we have been waiting for for the last few months, looking very bullish here.

No changes to the chart either and I like how this impulse wave looks.

Wave 3 remains at the 1.618 Fib at $1280.

Th...

$CLSK

Another chart that looks very complex but has been following our count perfectly.

We don't talk about the charts that are great.

$CLSK is following $MARA and $RIOT, and above their 200 Day MA now too, Wave 3 looking good at the 1.618 Fib.

$CAT

$CAT could not hold above its blue line in the bull case and came back down to test the expanding megaphone pattern trend line, which just happens to be the 0.78 Fib and held this level very well and bounced.

$CAT could take another chance at its blue line again but will need to hold above ...

$COIN

$COIN has been enjoying the news lately of Binances demis and that $BTC and other cryptos are doing very well.

$COIN was the villian not too long ago and now is looking like the hero.

It remains to be seen if the SEC start taking aim at $COIN next and go after it the same way it went ...

$JBLU

$JBLU is being met with some resistance at the First Target yellow line and again at the 50 Day MA at $4.40.

We can only see 3 waves since its bounce from $3.40, so this is still at risk when we can only see 3 waves....we need to see a higher high to say that the bottom came in at $3.40. 2023-11-22 20:09:32 +0000 UTC View Post

$MARA

Went above its 200 Day MA today at $10.35, needs to hold above this level and our count is looking strong.

We have followed this all the way up in July, back down and back up again.

So far, these crypto stocks, like $BITCOIN have been behaving very well and moving like stocks, which i...

$JD

$JD is in the same camp as $BABA and $BIDU, fundamentally a strong company but the share price is not reflecting this strength.

Price has been able to hold its 2018 low on our blue line and testing the 0.88 Fib at $29.35 from below.

This is a stock that is also in the buy zone now too...

$BIDU

Nice hold on the 0.618 Fib at $107 and bounce for $BIDU after its double beat earnings report yesterday.

$BIDU has been within its blue lines consolidating now since late 2021 and it has beaten on every earnings report since 2015.....$BIDU has been unnecessarily held down like $BABA I belie...

$PLTR TOP 20

This pull back may not be the end of this Wave 1 just yet as we can only see three waves since the bounce on the yellow trend line at $13.

CEO and CFO of $PLTR has sold a significant amount of shares today, on the same day that $PLTR has received their infamous NHS contract....CEO and CFO c...