Potentially a relief rally in a long term bear market...Weekly trend hit target, monthly trend is still down and equities could top after a relief rally. I'm long $BTCUSD here, aiming for a move back to the range of the Ukraine invasion day, give or take. Time@Mode trend in the daily turned up, so if the base here holds up, we will go higher. A lot of pessimism...
I multiplied the less risky Dow and Spy while dividing it with a multiple of bio, the Russel and Ark. This shows a clear shooting star candle in development this month which should signal much greater future gains in higher risk stocks and an end to this pullback in the market.
You can see that we had nice rallies the last two times that this has happened on...
We are looking at CRWD for the next big continuation down
We have already booked over 300%+ from CRWD on the first leg down shorting from 220 to sub 160.
Now we are looking for a pull back into the 170s or low 180s, ideal to continue short.
There is a TON of bearish momentum on this play so there may be a early dynamic entry to secure positions however we are...
noah was instructed to build an ark,
in accordance with market makers instruction:
he took into the ark the most bullish of all specimen.
----
before the bulls had ventured on this journey,
this noah guy looked at them intently;
he said:
"one day this ark will turn 88
that's when a lot of you could dissipate.
do not let greed control your journey,
simply...
Today we have ZM (ZOOM) on the daily chart
With the huge sell offs in the market we still see much more downside on the table especially for growth and tech stocks like ZM.
We offered a bullish outlook that would have an inverse Head & Shoulders forming
However to complete the right shoulder we would still need to sell down into the low High 90s
We do have...
To no surprise NIO like most of equities is vulnerable to the increasing pressures of inflation and the feds responsibility interest rate hikes.
Technically we see NIO is a BEAR FLAG structure right at the $20 Key Level
Making NIO more interesting is that this structure is formed with LESS participation on the second attempt at $20
Meaning NIO made a HH (Higher...
INVESTMENT CONTEXT
Inflation in the UK reached 9.1% in May, up a tad from 9.0% reading in April
IEA warned the EU to brace for a potential full cut of energy supply from Russia, with outsized repercussions on the bloc's GDP
Germany’s finance minister called the EU ban on sales of combustion engines cars by 2035 a “wrong decision”
Goldman Sachs upped...
ARKK at multi year support, has gaps to fill to the upside and also inverse head and shoulders on the hourly chart. Cathy gonna get a break for a second :)
... for a 1.54 credit.
Comments: Opened this on Friday, but ran out of time to post ... . High IVR/IV at 73/76. Selling the 16 delta on both sides. 1.54 credit on buying power of 4.05; 38.0% ROC as a function of buying power at max; 19.0% at 50% max.
As shown, expect submicro wave 2 pullback and then continue to push higher to fair market value. Overall beautiful elliottwave structures and upside expectation remains the same.
What we are looking on Bitcoin are more continuation patterns
The outlook suggest a breakdown to 18k now or a pullback into the 35k range first to suck in more liquidity then sell down to 18k
20k is the Key Level or real trading range but we expect an overshoot into the mid 18k before popping above 20k
Macro view we have our super obvious head and shoulders...
