Measured move coming IMO. Massive tank possible.
Open position, been DCA these 29 Apr puts:
Amazing tankoff today... not holding QQQ overnight it could certainly enjoy a brief bounce to start the session, but;
FB meltdown will tank the techs.
Chart says all. Strong similarity to structure from March rally. Down channel is an obvious bull flag formation, seven waves down.
A measured move would reach over 4800; A blow-off top?!?
Anything is possible; not sayin this will happen; saying it could. At any rate, indicators gone oversold and a clear EW impulsive downtrend appears at or near completion. This...
Everyone is talking about gold and silver making massive Cup and Handles but I haven't seen many measured move estimates.
We are just about to touch the brim resistance with a possible consolidation before the break out and major moves up being.
Trying to estimate measured move targets give me an estimate move to $26k (+24%)before a pull back. Maybe a retest but I...
Breakout above falling wedge TL will confirm trend reversal. Measured move correction is completed on Ukraine invasion.
Expect 0.50 - .62 Fibo pullback, briefly then rocket higher. Retest of breakout will exclude fakeout like we had on last lift (overlay).
Moving up from oversold on RSI, wave trends indicating buy signal.
Thanks for reading all my previous Analysis.
Today I am looking and also bought into SHIBA potential BULL RUN for a longer term. This is my personal speculative opinion and not an investment advice.Obviously there are potential possibilities of huge gains and managed losses.Always have a calculative risk if that is the only edge you can start your trading career...
When the former Soviets roll over Ukraine you can expect the measured move depicted IMO.
Maybe you don't care to play shorts, but think carefully about holding longs. might not be prudent at this juncture, eh?
NB: An expedited closed FOMC meeting is scheduled for Monday 14 Feb:
Advanced Notice of a Meeting under Expedited Procedures
This is just an idea that I am posting that may or may not pan out. It is not financial or investment advice. I am definitely not saying this is the way forward but as I was tinkering one night, I somehow came up with this, and the more I looked at it, the more it made sense.
Using trend lines we have a potential rising wedge. Then I measured some fibs and copied...
Reading chart from left to right:
TAP went through a bear phase from June to September of 2021 and an accumulation phase from September to December 2021.
We saw the first impulse out of the accumulation phase with it's punch to $52 and it did a classic 50% retracement to $48. We're seeing upward momentum in February which is signaling that there's potential for...
In this chart, I take a look at the chart from the perspective of measured moves and where likely algo supports and resistances are likely to be found.
I measured out several FIBs from 0 to the previous few tops and from the March 2020 bottom to the previous few tops. When doing this you can see a very clear pattern of similar FIB groups ie; .382s in a range, .5s...
Dow Jones Industrial Average is overbought. I can tell without using RSI or any other momentum indicator. Thus, we have our short setup for this week.
The ellipses point towards a very steep angle down, which could serve as a prime example for how far it can move vertically downward on peak selling. This can be very useful when measuring subsequent projected...