$SHEL
Likely in subwave 3 of wave 5 now before it starts correcting, similar to a number of oil stocks.
2023-01-06 19:19:42 +0000 UTC View Post
Likely in subwave 3 of wave 5 now before it starts correcting, similar to a number of oil stocks.
2023-01-06 19:19:42 +0000 UTC View Post
When these red ellipses of doom are on my charts, it's time to be concerned, they never miss. $DDOG in the bear case.
2023-01-06 19:09:18 +0000 UTC View Post
This is what we do not want to happen to $BABA, no significant pull back, so it completes as an ABC wave, being in Wave C now and finishing high, which means we can expect a long pull back and it is not an impulse wave then.
2023-01-06 19:01:17 +0000 UTC View Post
Looking like a straight forward impulse wave 1-5, followed by 3 corrective ABC waves.
2023-01-06 18:56:01 +0000 UTC View Post
It is slightly uncanny how much this bounce is mimicking itself again.
2023-01-06 17:37:35 +0000 UTC View Post
Very similar to $NIO, hard rejection but completing an ABC count now.
2023-01-06 17:30:55 +0000 UTC View Post
The Bull case is starting to slip away here...will need to bounce above $112 or the Bear case in effect.
2023-01-06 16:44:53 +0000 UTC View Post
It's a critical support but it is hard to see how this won't be affected by a recession globally, break above the channel in the second half of the year and it has good targets above.
2023-01-06 16:15:57 +0000 UTC View Post
It has come down to hit our support level and showing some consolidation but would like to see some more strength now, even further consolidation to make sure that the support line is held and can continue Wave C in red next.
2023-01-06 16:06:54 +0000 UTC View Post
Lost a crucial support and it's possible that support lines below are in play now.
2023-01-06 16:04:57 +0000 UTC View Post
Is trying to sneak back into its wedge after bouncing at it's previous support, it is likely that this could be Subwave 2 of Wave 3. There is always a possibility that it continues in the wedge and then breaks down.
2023-01-06 15:24:41 +0000 UTC View Post
Ok, so it is likely that we have started Wave 3 now in red since we went below the previous low (by only 0.1cent). So like all Wave 3's, it will have 5 subwaves in it.
It is not clear yet that we have completed Subwave 1 of 5 yet....BUT if it has, we expect Wave 2 to retrace to the .618 f...
Likely following the red line now, needs to hold support at the bottom of Wave B or the next support is quite low at $5.40.
2023-01-06 10:41:30 +0000 UTC View Post
Chart remains the same, in fact following it exactly as projected, some are concerned about support levels if our next support line is broken down. We have shown on a lot of charts lately that the 1.27 Fib is offering a lot of support lately, so it is very possible that it can continue to this le...
2023-01-06 10:39:12 +0000 UTC View Post
It's been awhile since we have looked at this, approaching an important support line now but this is firmly in the channel with no clear direction up or down outside of this channel, so I have drawn two scenario depending on which direction it decides to break out or break down.
2023-01-06 10:36:28 +0000 UTC View Post
Nice movement lately but not until this goes above $46 will we be in the bull case.
2023-01-05 20:08:39 +0000 UTC View Post
At my planned area to bounce but a lot of stocks are going down to the 1.27 Fib lately, will need to monitor this.
2023-01-05 20:02:29 +0000 UTC View Post
This is a 50 year trend of the US Dollar, I suspect it will continue along this descending channel.
Only changes that could affect this is if Oil begins to trade with a different currency or there is mass adoption of Crypto....both I don't see happening in the short term.
Holding inside the ascending triangle again, I have imposed a pattern from a 2021 vix chart that could play out.
2023-01-05 19:42:44 +0000 UTC View Post
A nice clean breakout above the previous high and we could be into the bull case.
2023-01-05 19:39:11 +0000 UTC View Post
In the bear flag, found short term support at the bottom of the bear flag, so we continue to wait until it breaks down.
2023-01-05 19:31:58 +0000 UTC View Post
Needs to get back into the channel to turn bullish, $11.25 looks like the line right now.
$NIO is doing well on a difficult day, especially since $TSLA is down another -5%...but has it got the legs to turn bullish now?