Sideways movement here lately and I suspect there is a battle going on between bulls and bears.....if we look at out Bitcoin chart, we can see that we are expecting a pull back, this may be positive for Bitcoin but it will be interesting to see how this translates for $COIN. I have added in the t...
2023-04-17 16:29:28 +0000 UTC View Post
Resistance lines continue to keep this down and $AMD is having a difficult day today too, which I said over the weekend, it tends to be an early indication of where $NVDA is going, I am not seeing a bullish move here for $NVDA and with another rejection, this may start moving down shortly.
2023-04-17 16:22:25 +0000 UTC View Post
$NIO getting a pump today from the Shanghai Car Show, along with other Chinese EV companies.
So let's look at how the structure looks so we can better understand what it is. The large circle on the left was an ABC structure, rejecting at the trend line and dropping hard and the smalle...
2023-04-17 15:10:35 +0000 UTC View Post
I spoke at the end of the week that the price action is still under the important trend lines and on the outside of the bearish ascending wedge...however the price has been moving positively since the start of March, the RSI remains around the overbought territory.....for the share price to incre...
2023-04-17 05:24:36 +0000 UTC View Post
The price of Gold went above our trendline leading up to the bank reports and rejected when their earnings reported stronger than expected, if this can stay above the trend lines above, this is very bullish for Gold and bearish for the market and this count in amber is invalid then.
2023-04-17 05:16:44 +0000 UTC View Post
This has been making lower lows and lower highs and sitting below the 50 Day MA and the 200 Day MA is what it stopping this so far from entering the bear case and the buy zone. I am still inclined to see this move down to the 0.65 Fib level in the bear case, it will need to hold this support howe...
2023-04-17 05:13:47 +0000 UTC View Post
Very similar to the $MSFT chart here, I expect a pull back and where it finds support will determine where this can go next. It has pulled back from the trend line and the RSI is showing a sideways move since topping out, so a decline is due.
So What Now?
A lot will r...
2023-04-17 05:10:27 +0000 UTC View Post
I mentioned under the $GOOG chart that Samsung may be favoring Bing as their default browser, this could be a substantial win for $MSFT in the hand held market, a market that $GOOG clearly dominates.
$AAPL and $MSFT are in the same situation here, both testing trend lines and a reject...
2023-04-17 04:38:43 +0000 UTC View Post
The only thing unfortunate about this beautiful chart is that is has rarely looked back since breaking above the 200 Day MA, Subwave 4 could be complete here but it was very short.
So What Now?
I think waiting for an ABC count to complete would be the smart move here,...
2023-04-17 04:33:05 +0000 UTC View Post
Getting the pull back we have been waiting for but until it goes below the yellow trend line, it can still go higher. It is however pulling back in line with $NVDA and $AMD. Earnings on the 27th of April, so if there is another negative report, I believe this comes down, if it can stay above the ...
2023-04-17 04:27:01 +0000 UTC View Post
News has dropped over the weekend that Samsung is considering dropping Google as their default browser for Bing, the concern here for Google is that it could be the start of a trend and the start of a decline in market share....Samsung is a major device manufacturer, this move, will likely ask qu...
2023-04-17 04:18:45 +0000 UTC View Post
Another stock being kept underneath the 200 Day MA, this has been a strong resistance line for $F and until this resistance is broken, this will remain bearish for me, it is in a tight range now between the 200 and 50 Day MA, each time it has lost the 50 Day it has dropped notably.
...
2023-04-17 04:12:15 +0000 UTC View Post
Very little has changed here over the last week, the 200 Day MA is still acting as a resistance and the trendline is also acting as a resistance line too. The RSI is not giving us any positive trend either. These are common features with wedges too. The trend leading into the wedge was downward, ...
2023-04-17 04:07:48 +0000 UTC View Post
I am comfortable that $BTC has completed 5 waves up now and the RSI is showing us that it is already starting to trend downwards and topped out, this is not a bad sign, bulls should want this to pull back to where I have shown, as we know, it does not need to pull back all the way to the 0.618 Fi...
2023-04-17 03:45:15 +0000 UTC View Post
$AMZN remains the one Mega Tech stock that keeps catching my eye, mainly due to its positive set up and that it's indications are not showing extended, unlike many of the other Mega Techs, the 200 Day MA will be a very big test here, flipping this to support and the bull case is likely confirmed,...
2023-04-17 03:00:23 +0000 UTC View Post
Continues to behave as we have expected and no changes to our chart for a number of weeks now, we said before that this pulling back is likely to show early signs of what will happen with $NVDA and this was correct, as $NVDA has shown a lot of weakness over the last week, breaking down from the b...
2023-04-17 02:55:48 +0000 UTC View Post
A lot of eyes are on this and rightly so, I have no doubt that if this can break above these trend lines and hold above, the bull case for the market is confirmed in the short term, so this will not only be bullish for $AAPL but bullish for the market.
Likewise, a second rejection and this ...
2023-04-17 02:51:38 +0000 UTC View Post
$VIX lost support on the top trend line and then came down to test the second trend line support, it lost that too after a surprise positive bank reports, the large banks clearly benefited from the smaller banks in trouble and reinforced their bottom lines....it has been a stroke of genius from t...
2023-04-15 22:38:43 +0000 UTC View Post
I can not remember the last time I made any changes to this chart, it has been exceptionally disciplined. 50 Day MA and 200 Day MA above now where I set the Wave 4 at weeks ago, so it is likely a spot where we will see Wave 4 completing and moving down for Wave 5.
So What Now? 2023-04-15 22:16:40 +0000 UTC View Post
So far $TSLA has been following our projection nicely here, it has been looking weak since breaking down from the bear channel and the 50 Day MA has been acting as a resistance line on the daily chart now.
We already spoke about the 50 Day MA crossing below the 200 Day MA on the 1hr and thi...
2023-04-15 22:12:35 +0000 UTC View Post
$PLTR finished very strong into the close on Friday and finally broke and finished in the Bull Case, above the 50 Day and 200 Day MA and the RSI is in a healthy position for more upside.
So What Now?
A retest of the yellow previous high bull case line and it holds sup...
2023-04-15 22:00:11 +0000 UTC View Post
This chart has been another favourite of mine, shallow pull back after completing Subwave A to just above the 0.38 Fib, which is what we would expect from an ABC corrective wave, broke above the bull channel and comfortable above the 50 and 200 Day MA now.
So What Now?
<... 2023-04-15 21:57:27 +0000 UTC View Post
In the last upload, I spoke about this needing to recapture the 0.65 Fib and it also recaptured the 0.618 Fin and is at the 200 Day MA now, very strong day today for a Real Estate Bear ETF which may seem odd considering Banks reported very positive beats. We'll let the chart guide us here.
2023-04-14 18:47:35 +0000 UTC View Post$DAL I have added today.
This is a long term hold for me, I will look to add again soon and no stop loss set.
I have searched all day for poor fundamentals to challenge my thought process and I continued to come up short, this is a good sign for me and the chart is showing a perfect s...
2023-04-14 18:34:37 +0000 UTC View Post
Last time I uploaded this chart was 3 weeks ago, we were watching for the pull back to hold the 0.618 Fib and bounce, so far it has done that nicely and now above the 50 and 200 Day MA now, next test will likely be the high at $19.40. No changes at all to this chart so I am happy with this projec...
2023-04-14 18:22:52 +0000 UTC View Post
Breaking down out of the wedge now, first time it has done this since May 2021, this is obviously not a good sign, Bear Targets are now below and the worst case scenario will show that $FSR goes to $3.
2023-04-14 16:53:34 +0000 UTC View Post
The 1/30 reverse stock split has not helped the share price since it's been implemented, so I am looking for potential support lines and hopefully it finds support on one of these lines and then breaks out of the wedge....this is a big ask of course. I do not recommend taking any gambles here. 2023-04-14 16:46:26 +0000 UTC View Post
That bounce appears to be a pump and it's come right back down again, a corrective wave now, I am not seeing anything impulse here, let's see if it can hold the blue line again and move sideways.....$MULN management need to update on their progress.
2023-04-14 16:42:07 +0000 UTC View Post
So far, this bounce is showing an ABC count so far and this is where we were expecting Wave 4 which needs an ABC count....so I am happy with the chart so far. Do the earnings reports show that the banking issues have gone away? not quite, they have all mentioned headwinds but reported good quarte...
2023-04-14 14:56:58 +0000 UTC View Post
Starting to watch this curve a little bit and the 1hr RSI is showing the momentum is slowing down too....so I have provisionally put in Fib levels in case it pulls back so we can watch for what levels it can hold for Subwave 2, when I get confirmation of the pull back, I will add the count.
2023-04-14 14:53:06 +0000 UTC View Post