TraderBwater

TraderBwater

The idea that ARM was doing a bull flag is now invalidated after the Feb 20 low pivot in RSI has been taken in the last drop. Expect a bounce and then more downside.

TraderBwater

An inverse head and shoulder has formed and a break above the previous pivot will be the first confirmation that the Hong kong index has bottomed

TraderBwater

Nasdaq has finished the 5-wave rally from the October lows after having 4 consecutive divergence in RSI on Daily. A short-term pullback is expected to correct this rally.

TraderBwater

XLE and oil stocks have been consolidating since 2022 and has finished the 3-wave correction and is moving out of this long term base. Oil futures also has bottomed. Another confirmation is that all these instruments are holding above the moving averages.

TraderBwater

FCX has been consolidating for over a year and is building a nice cup base. On Thursday it gapped up to stay above the 50 EMA and is still holding. The bottom of this base is probably in. Great for long term swing.

TraderBwater

TSLA is now testing the upward channel. This upward channel was once resistance but was broken with force and is pulling back to test it for the second time as support. If TSLA can hold here, it is a very bullish setup in the long term.

TraderBwater

Broke above the upward channel on the weekly. Let's see if we can finish the week holding above resistance.

TraderBwater

The German index came out of the 14-year-long correction (since 2008) in Oct 2023. Since then, it has made 5 waves up and 3-wave pull back. Now wave 3 of 3 in progress as RSI breaks above to erase all divergence.

TraderBwater

SP:SPX The 4 hour chart shows clearly how the 5048 level that was previously resistance has now turned support. The gap up was breaking that resistance in powerful momentum. Since then, this level has been tested twice as support. Weekly chart shows also this week has tested the low of previous week. Once we move above the previous weekly high, we will be off...

TraderBwater

the pullbacks of NASDAQ:CELH are getting shallower. This is the beginning of a parabolic wave iii of 3 rally.

TraderBwater

still early in its powerful wave 3 rally. Targets to at least 400

TraderBwater

HSI bottomed in January after hitting Fibonacci 1:1 in the last corrective leg. Since then, it has made a higher low forming inverse head and shoulder. Today it formed an impulsive run and closed above yesterday's high. Another confirmation that a bottom may have formed.

TraderBwater

NQ has been nesting (12, 12) to the upside with small pullbacks making it difficult for traders to join in. I think this is the last 12 nest before the powerful wave iii of 3 starts.

TraderBwater

SEED_ALEXDRAYM_SHORTINTEREST2:NQ pre-market sell off was the last leg of a 3-3-5 expanded flat. Close to the end of the pull back and ready to rally again.

TraderBwater

NASDAQ:FTNT made a significant bottom recently on Feb 21 at $61. Great opportunity to add a tech stock to your portfolio.