$FVRR
Break above the red trend line and it is in a good position, break above $45 and bull case is looking strong.
2023-01-18 12:01:35 +0000 UTC View Post
Break above the red trend line and it is in a good position, break above $45 and bull case is looking strong.
2023-01-18 12:01:35 +0000 UTC View Post
We were watching to see if this would hold the support line, it has done and retested and bounced, I always like to see this. I am still favouring this as a Wave C for now.
2023-01-18 11:56:12 +0000 UTC View Post
Nice break out of the red channel, I would like to see a retest once it cleanly breaks through and this should continue higher.
2023-01-18 11:54:49 +0000 UTC View Post
I don't believe Wave 4 is complete just yet but has behaved nicely for us. We want to see this reject one of our Fib levels just slightly above and then come down to complete Wave 5 next.
So far I have no reason to doubt this count, in spite of Tesla separating itself from the market today...
This is getting pumped now, as parabolic as it can get with no pull backs. My original Wave 4 has moved and as I have said before, above $59 will make this count invalid.
I do not buy stocks that move like this, it's great when you are in and this happens but it's showing no structure, the...
Lower low today, it's the first time we have seen this since the start of the year, the 0.5 Fib is acting like a resistance line now. Still early to confirm the direction, Tesla's move was strong today and Nio did not follow, also ARK sold a substantial allocation today of Nio, coupled with XPEV ...
2023-01-18 01:27:17 +0000 UTC View Post
Trend line is still where we are watching, I still expect a pull back, it may go higher again tomorrow but I am looking for a weaker trend now and starting to move bearish.
2023-01-18 01:24:04 +0000 UTC View PostHi Folks,
I have an exceptionally long flight today so Wi-fi will be scarce for a lot of the day.
I will try and update some more charts when I get home at mid night if anything drastic has happened today with maybe SPY or NIO.
I expect some drama this week with the markets ...
Wave C looks shorter than Wave A but if you look at the blue rectangles, you will see that their days length is the same (177d). I expect this to continue down towards C.
2023-01-17 09:43:57 +0000 UTC View Post
Similar to forex, this trades along a channel that has been in place for many years, a lot of people like this as it's easy to read the trend, very simple, buy low, sell high and repeat.
2023-01-17 09:41:53 +0000 UTC View Post
Struggling a bit and in the middle of the channel. Still has a bit to go before this turns bullish, I have set a buy zone just below the previous low. A break out of the channel and I am bullish here...it may not be for some time however.
2023-01-17 09:40:12 +0000 UTC View Post
Like a lot of FOREX, they follow trends that span the space of decades, it is unlikely to break out of this channel but continue to move within it.
2023-01-17 09:37:59 +0000 UTC View Post
In line with a lot of other stocks at the moment, ending diagonal 5 waves, I still believe the bottom is not in here and have set a buy zone just below the previous bottom.
A break out of the wedge and it is bullish.
A break above $130 and the bull case may take control, will need to hold above!
2023-01-17 09:34:17 +0000 UTC View Post
A popular amongst many, pulled back nicely, I am still leaning towards this being a Wave 4 with one more leg up still to come before it meets its corrective phase.
2023-01-17 09:33:06 +0000 UTC View Post
After 5 Waves up, it's starting to lose a bit of steam, ABC count next should help build it's strength.
2023-01-17 09:31:16 +0000 UTC View Post
Still in the channel, this has not been uploaded in awhile but is following our count still, a break above the previous A (in red circle) and we would be favouring the bull case, a rejection and the bear case is likely then.
2023-01-17 09:30:12 +0000 UTC View Post
It needed to find support and it did, nice bounce then but it is still quite early to confirm that Wave A will happen, above the blue line and looks promising.
2023-01-17 09:28:29 +0000 UTC View Post
It has been on a nice run lately but if this is Wave 3 then it is looking overly extended now, pull back shortly or I believe this is a 3 wave count and it will follow the red line down next.
2023-01-17 09:27:09 +0000 UTC View Post
Large pullback but very much still valid, next week or two will be telling. I have moved the blue pattern to the side so not to cause confusion.
2023-01-16 11:56:02 +0000 UTC View Post