These last few months with $PLTR have been very complex as buyers fight it out with sellers, however we have always maintained our target and those who remember when we were calling for the bottom for $BABA at $57, when it was $150+, will know that we have been proven right, time and time again. ...
2023-01-01 13:59:33 +0000 UTC View Post
As I've said during the week, $NKE has behaved like an outlier and their earnings were impressive.
Which means our count needed to be updated to reflect how strong they are looking now, overall the macro target has not changed but I believe this ABC (amber line) will dominate for a lot of ...
I've been impressed with $ABNB price action, working it's way nicely through our counts for the last few months now. $ABNB's moat is what I like most about this product, few issues with regard to cleaning fees etc but this can be rectified.
The barriers to entry into this industry are remar...
2023-01-01 13:51:11 +0000 UTC View Post
This will either bounce at the $24.60 line or be put under severe pressure from the market and come down to $21. I feel it is unlikely to go below $21, this price would bring it back to 2013 levels then....also making this an excellent add at this price.
Again, it looks like we'll have som...
Very similar to the SPY chart I just uploaded. Alternate view is slightly less extreme but ultimately both continue in the same direction, as before, we are watching for where the buying pressure eases off.
Both scenarios should bring the $QQQ below 200.
Let's look at the daily chart now because we tend to focus on the 1hr chart for updates during the week.
This is another chart where I have added in the alternate amber line. I added this because it mimics the previous Wave A for Spy between Jan 2022 and July 2022...the upper trend line in...
Vix is a good indicator of the volatility of the market but for me, it is just another indicator, it should always be used with other metrics to determine how the market is doing.
I add it here because it is popular and a lot of people like trading or investing in this instead of shorting ...
Bitcoin I believe is on borrowed time and really clinging on for dear life on this final support line in the bear flag. A turbulent start to 2023 for the markets may trigger this down further.
I think it is not an IF but a WHEN here.
It continues to behave as the perfect student. It has followed our trajectory beautifully and amazingly in the absurd timeframe we gave it.
It was hard to believe that $TSLA would drop the way it did in December but we trusted our charts and I hope a lot of members sat on their hands and ...
I have added a few alternate C wave counts on a few charts today, all in amber and marked on the chart, they are slight bit less damaging than my initial targets, which are all marked as C waves in red on my charts.
We will see how the chart develops, both trajectories are downward, what w...
I think $AMZN may be our next Top 20 that hits our initial target that we set a few months ago at $65...however, the chart is showing it may go a little lower, as it has with $TSLA, which is even better news for us.
As always, we'll keep an eye on this trajectory and let the price action d...
Same as $AAPL we have just uploaded, clearer charts and clear buy zones now.
2022-12-31 17:45:41 +0000 UTC View Post
I have cleaned up my Top 20 Long term charts so they are easier to read and took out all unnecessary lines that I used to form my charts, I hope this helps a bit.
As the weeks go by, we get more information as the structures form, the trend is still the same.
I have added Buy zones ...
Have a great weekend and I hope you all get to celebrate New Years wherever you are!
As always, this weekend I will focus on uploading all of the Top 20 Long Term charts and some commentary.
I can not emphasise how ahead of the curve you all are by preparing now for the next few mo...
Very little I could do with this and not a chart I enjoy getting. It's likely at rock bottom and something drastic needs to change. Nevertheless, it needs to hold it's current support.
2022-12-30 21:04:34 +0000 UTC View Post
Another pole, flag, breakout potential here. Breakout above and this could turn bullish.
2022-12-30 20:55:45 +0000 UTC View Post
Very similar set up here to $CROX...only if it breaks out above this channel do I expect the targets above to hit, if it stays in the channel then this could easily go down too!
2022-12-30 19:02:39 +0000 UTC View Post
Once labelled the possible Amazon of Africa, is now suffering , would like to see this hold above $2.
2022-12-30 18:53:35 +0000 UTC View Post
This has had an incredible run, will need to pull back tho and this bearish channel is indicating it too.
2022-12-30 18:43:30 +0000 UTC View Post
One for more leg down it appears while it is still in the channel!
2022-12-30 18:38:56 +0000 UTC View Post
Ascending triangle forming at the start of Wave 2....for Vix this is bullish, for the market, this is bearish.
2022-12-30 18:29:54 +0000 UTC View Post
Another wedge, testing the support level now, lets see if it can break out! If not, it continues down the channel.
2022-12-30 13:52:20 +0000 UTC View Post
A lot of side ways movements, I suspect it follows an ABC count now.
2022-12-30 13:51:19 +0000 UTC View Post
Would like to see this continue to consolidate within the channel and build up strength.
2022-12-30 13:50:19 +0000 UTC View Post
Textbook count from $Low, like most large caps, in a downward trend and very neat. What we love to see.
2022-12-30 13:49:14 +0000 UTC View Post
I am watching to see if this starts breaking away from the B red wave and starting Wave 3.
2022-12-30 13:05:30 +0000 UTC View Post
This chart is very similar to the chart I uploaded for Nio long term about 6 months ago. Wave 5 of C looks to be ending between $7.70 - $5.88 around mid Feb 2023, this could happen sooner.
What I am focusing on is the overall structure and does it follow EW theory perfectly? if it does the...
