I believe $ADA is still in Wave 3 and the pull back lately has been Subwave 4 of Wave 3.
We can see on the chart that the price pulled back to $0.87 which is just shy of $0.83 at the 0.38 Fib, but enough for me to be happy that the pull back could be complete....we just can't rule out a re...
2024-11-27 17:19:46 +0000 UTC
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Very interesting here to see $AAPL perform so strong on the same day that $NVDA is showing weakness.
I am confused as to what is driving this because overall $AAPL have not created any additional value
Funds are likely adding here and found value at $220
But we knew that $AAPL a...
2024-11-27 17:08:54 +0000 UTC
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Strong bounce today and up +7% now, after finding support on the 200 MA on the 1hr chart and the 1.618 Fib
We have also got a higher high now too
It's quite a peculiar pattern formed above the 1.618 Fib but it was a consolidation phase testing support.
I believe this is in Wave ...
2024-11-27 16:50:51 +0000 UTC
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$NVDA has lost the 50 Day MA now and has made a lower low below the 0.38 Fib at $133.
The pull back has not infringed upon the bounce in August at $131 yet, so this is still typical impulse wave
But since this is Wave 5, we can have an ending diagonal, where waves overlap each other, ...
2024-11-27 15:34:58 +0000 UTC
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$SMCI has rejected at the Wedge breakout level and the 50 Day MA at $38, so I am able to add the pull back support levels now
Bulls will want to see a higher low now to confirm the start of a new impulse wave, with the ideal support levels between $25 - $28 next.
If $SMCI can break ou...
2024-11-27 10:17:02 +0000 UTC
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Almost identical to the $BABA chart
Price pulled back to in between the 0.618 Fib and 0.78 Fib and where did it find support yesterday?...the 200 Day MA.
Price is up +7% in the PM now reacting strong to a positive HSI movement today.
$YINN is volatile because it is a 3 X levera...
2024-11-27 09:24:59 +0000 UTC
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We now have 3 holds on the 0.618 Fib levels
White being the larger Primary Wave
Green being the subwave support pull back
Amber being the fractural smaller subwaves.
We can also see that the 200 MA on the 1hr chart was also a support level over the crypto markets pull back...
2024-11-27 09:15:58 +0000 UTC
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$DELL reported earnings yesterday and it was a slight miss on earnings of -1% and some concerns in the sector for laptop sales....but on their earnings call they said they expect their AI side to continue to thrive.
On the chart, we can see that the price rallied towards the 1.618 Fib leading...
2024-11-27 09:10:55 +0000 UTC
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Silver has retested the +$30 level again but has so far put in a slightly higher low on the retest too.
I would like to see the $30 held but a test of the 200 Day MA at $29 would not concern me in the slightest either
The brief remains the same for Silver, we hold this as our safe hav...
2024-11-27 08:58:50 +0000 UTC
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HSI has reacted positively today to the potential tariffs imposed by Trump.
I spoke about the significance of this test of support on the 0.618 Fib on the same day Trump announced his potential plans.
Overall I believe the market was expecting harsher tariffs but for now, they are tam...
2024-11-27 08:54:42 +0000 UTC
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This is a requested chart but I like the look of it and I am going to do some research into their fundamentals tonight, on first glance their fundamentals look good but I want to do a deep dive
The chart looks very attractive as a Cup and Handle formation, with a hold on the 0.5 Fib followe...
2024-11-26 20:10:23 +0000 UTC
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I am only sharing this because I see many people are still talking about this and I started sharing this so it is unfair to just stop in the middle of a potential impulse wave
From what I know, I do not like what they are doing and I don't like their fundamentals
But I can't rul...
2024-11-26 20:01:34 +0000 UTC
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$FOUR has hit our Wave C level and has managed to break above the blue line too, so it is in the bull case now.
A retest of the blue line at $104 will confirm the impulse wave and the next level I expect is the 1.618 Fib at $135 for Wave 3....followed by a second pull back to the blue line...
2024-11-26 19:54:37 +0000 UTC
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We can say what we like about $BABA but the fact remains, we have a 3 wave pull back and hold so far on the 200 Day MA at $82, in between the 0.618 Fib - 0.78 Fib levels
Like the HSI chart I shared earlier, this is as close to a standard pull back as you'll get.
But it is no use unles...
2024-11-26 19:41:37 +0000 UTC
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Big test coming up for $AAPL and the market.
$AAPL is back up to test its ATH level again at $237, having rejected here twice
This was also around the level where Buffett had possibly sold but due to the sheer volume he sold, it is likely over a price range.
That being said, if ...
2024-11-26 14:53:20 +0000 UTC
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Ok $CELH has now given us a rejection after its bounce on support, so I can add in the white fib levels to see if the pull back can come to a higher low, preferably pulling back in 3 waves and completing in between the 0.5 - 0.618 Fib levels between $27 - $28.
The 50 Day MA was the perfect ...
2024-11-26 14:46:17 +0000 UTC
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A battle has been going on at the $200 level over the last few sessions
We can see that the price went below the $200 level a number of times but the 200 MA on the 1hr chart has been a firm support level
Price has managed to bounce today back above the $200 level and above the 50 MA ...
2024-11-26 14:39:39 +0000 UTC
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A reminder that $RIVNs chart here is almost identical to $NIO except it had a harsher pull back
And needed its very last fib support level to some to the rescue
Since finding support at $9, the price is already at $12.40 in the PM and above the 200 Day MA, if the price can stay above ...
2024-11-26 14:29:54 +0000 UTC
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Although $BTC came very close to the $100k level, I am leaning on the side of this pull back being a Wave 4.
I don't believe the $BTC or crypto rally is done yet and believe it can still move higher towards the end of the year.
So I have a added the potential Wave 4 levels now between...
2024-11-26 14:20:56 +0000 UTC
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Is still testing the $14.90 yellow strong support/resistance line and struggling slightly
Which tells me that $CLSK may have just completed Wave B of this ABC pull back and a pull back to the 0.618 Fib to complete Wave C is possible next, where the 50 Day MA is conveniently waiting to offer...
2024-11-26 10:42:05 +0000 UTC
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I shared $ACHR and $JOBY yesterday but there is also another company in this sector that is moving very well and has NOT broken out yet!
A very long ascending triangle has been formed here and the breakout level is at $4
A breakout and hold above this level and the First Target is at ...
2024-11-26 10:38:59 +0000 UTC
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$COIN is pulling back with $BTC but I am not seeing any concern on the chart so far
A triangle has been forming which tells me we are likely still in Wave 4 too but moving sideways
A retest of the 0.38 Fib is still possible too and always welcomed to show support.
A hold here an...
2024-11-26 10:34:46 +0000 UTC
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The good news is that we have so far found support on the bottom wedge trend line
Price has bounced very well from $132 to $141 this week
Moving in an impulse wave since $132 too
Has made a higher high and higher low now
Holding relative strength to $NVDA's selling pressur...
2024-11-26 10:30:16 +0000 UTC
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Big day for $HIMS and US yesterday.
We needed to see a big statement from the Bulls yesterday to get through the $25.41 level and it was the best possible response we could have asked for
We felt hard done by after the price drop from $30 to $19 and after a strong earnings, this was n...
2024-11-26 10:24:59 +0000 UTC
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Still holding above the 1.618 Fib in spite of the selling pressure from $BTC
If I told you that $ETH is performing slightly better than $BTC since Trump got elected, you would not believe this
But this is the truth
A reminder to never let negative chatter cloud your focus....it ...
2024-11-26 10:16:04 +0000 UTC
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$BIDU has now done a full round trip back to the red support line at $80, price responded well to this test of support yesterday and jumped +3% and green in the PM again.
The full circle means that we are potentially looking to start the new impulse wave again, as we went slightly lower tha...
2024-11-26 10:13:06 +0000 UTC
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The HSI just sitting on the 0.618 Fib on the day that Trump announces his Tariff plans is as close you'll get to price action corresponding to impending news.
The main headline was not the Tariff on China but on Canada and Mexico (The US's closest Trade partners) meaning, if the US is will...
2024-11-26 10:08:09 +0000 UTC
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Is back again to test its wedge breakout again, after a fake breakout in Sept.
The 50 Day MA is also aligned with the wedge breakout level at 120p
The important part:
Price must break above this level and retest and hold.
As the price could not hold the retest in Sept and ...
2024-11-25 21:37:17 +0000 UTC
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If EWT needed a spokesperson, then $LULU has a new job.
Wave 2 held on the 0.618 Fib
Wave 3 hit the 1.618 Fib and 200 Day MA and rejected
Pulled back for Wave 4 and held on the 0.38 Fib at $300 and has now bounced nearly +10% to the 200 Day MA again and finished the day above th...
2024-11-25 21:22:55 +0000 UTC
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Has already bounced +10% since finding support on the 0.78 Fib we shared last week at $119
There has only been a 1 wave bounce so far, so we can not tell if this is the start of a new impulse wave after potentially completing Wave C.
Recapturing the 0.618 Fib at $133 or a higher low n...
2024-11-25 21:19:51 +0000 UTC
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