Macro level Elliott Impulse Wave for BTCUSD. Following the traditional approach, Wave 1 starts Oct 21 when we have a big daily reaction to kick off the parabolic trend. This aligns directly to Wave 3 being the 161.8 to validate first part of the impulse move that started the trend. The retracement of wave 4 is the defined 38.2 length of Wave 3 . The...
Staircase pattern should have brought the second leg up to $300. Oversell because of the weak market should result in overbought territory as drawn in the green triangles . - Be cautious for more downside due to the markets rolling over, further downside can destroy this Technical Analysis
Gm, -Pullback over according to RSI - pull back already reaching the previous long tail's bottom. - Volume is already bottomed out. - target for the week of 3/1 is 52k? goodbye for now, happy Sunday!
Very exited for AMD next week since it finally broke its short term down trend channel, and closed above its previous uptrend represented by the orange dotted line. If the next daily candle on Tuesday holds above the uptrend line, I'll be very bullish for a breakout to $100, but $97 is my conservative price target. *NFA*
SENS still has some room to run. The price targets are based off of the extended support and resistances of the run up to previous all time highs. Pull backs within the up trend can be expected to retrace to underlying lines drawn when price moves above.
AMD seems to be the contrarian play in the semiconductor field right now so I'm going to go ahead and suggest starting a position at these levels around $90 a share. It has been outperformed by its peers to a great degree recently for no apparent reason. I assume profit-taking attributed to taking it down from nearly $100 a share. Buy under $93. Sell half at...
• Nice uptrend in the last days and weeks • Nice flagpole followed by a pennant in the short-term chart (left side) • Formation price target 112.22 • Nice flag followed by an upward move in the long-term chart (right side); currently there is a consolidation after closing the gap from beginning march 2020 • Formation price target 110.66 • Let’s wait for an...
PEN is on an upward trend as seen with the three sets of Higher Highs and Higher Lows. We are in the midst of the 3rd "Higher Low" right now. It will likely fall somewhere around here, so right now is the perfect entry point. I set a Stop Loss around $183.55 because this is the low point of the previous "Higher Low." If the price falls below this point, the...
Green trend lines show long term bullish trend, blue lines show 2020 bullish trend, 20 MA shown being extended with the lighter shaded red line added on. This chart shows a prediction of reaching a point around 20k-22k then a pull back to 16.6k followed by a correction to 15.3k in Spring of 2021. Let me know what you think
I have an end of week target price of $270 for BABA based on technical indicators. Alibaba has been flat for too long. If you are watching this based off my daily candlestick analysis make sure to give a big thumbs up!
I Posted about about the 4 month continuation head and shoulders setup on October 4th. The stock reached its price target in todays session. See related link below for the setup post.
Vertical count method for determining minimum price targets. Mid-term.
on September 25th, I posted about the 4 months breakout setting up. Today, MLM reached its price target and reversed closing the day with a shooting start candlestick pattern. I know some of you bought the breakout and sold at target. Nice Trade! here is the Post from sept 25th.
Textbook ascending triangle chart pattern breakout. I posted about this breakout setup as it took place on September 10th here
Another breakout setup reaching its chart pattern price target. I posted about this trade setup here
I posed about this trade forming on August 9th link below. GH reached its ascending triangle price target.
I was shaken out on Sept 11th (w/profits) on that big red bar only for the stock to turn around & reach target.