I'm gonna keep this short, 1. Extended wave 3 at 262% fib ex, @ $267 2. Shallow wave 4 retracement due to the extended wave 3 @ $284.16 3. Wave 5 is the same length of wave 1. @$261 4. Forming a descending wedge, waiting on a break out confirmation 5. Looking for WAVE A RETRACMENT BACK TO THE 50% FIB LEVEL @ $300 Extreme volatility in the AM
This might be a once in a lifetime accumulation area...
$24.17 was the high since consolidation started late September. Price has been trading in a range since. Might wait til the fed decision and cpi reports pass next week to get a second look.
All because of this shocking discovery: imgur.com I've never seen any stock go parabolic in stock hedging loans. Usually when a stock's heding loans spike, there can be a sudden rise or drop in price, it all depends on the situation and each case needs to be looked at differently. The point is, i've never seen any stock's hedging loans go parabolic like this. I...
QQQ has been downtrending however- it broke through the mid-Fib levels which are now resistance the Momentum Oscillator shows bearish momentum decreasing to nearly zero the red dot on the center line suggests a squeeze is underway recent candles are small range and nearly Doji candles on the RSI Ichimoku are wide range and volatile in general relative...
I'm not gonna try and guess what the CPI data will be my gut tells me its gonna be higher but at that point I'm gambling.. If you wanna gamble go to las Vegas.. treat trading like a business am I willing to give back my 6%? no. I sold my sqqq position early so I could be cash for this CPI report, as stated in the chart I have 2 scenarios posted. If its lower I...
NAS has been falling in the past several sessions. On the chart , the fib levels are drawn from the recent past swing high to the swing low. An anchored VWAP is set at the swing high. Price is currently just above the VWAP and the 0.5 Fib level. These are both likely support for a reversal. I will look for volatility and enter a long trade upon confirmation....
$TQQQ Analysis, Key levels, and Targets Here’s an update on my buy orders on TQQQ… ultimately it looks like it might be a great put selling strategy and I might go that route as I just sold a decent size natgas position, but for now I still just have buy orders for shares… 10x at each level - I may not update this idea every single day, but I will try as often...
Forming a nice looking triangle on the macd www.tradingview.com
representing a retracement down to the Fib 0.382 level from the top one week ago on the 30 minute time frame. Double bottom at the fib level. Additional confluence from the anchored VWAP -3 stand deviations as well as now a gain today into the price of the POC line of the local volume profile confluence into the VWAP. Apparently, there are now buyers who...
$TQQQ Analysis, Key levels, and Targets Ok, tonights Buy order @ 17.48 that expires Dec 5 is in… All other open orders: Buy @17.64 exp. Dec 1 Getting set up for the next swing... 💃🏻 —————— If you used the strategy I did a bunch last year and the year before that then this will look similar… Basically every night I will be updating the new buy order for...
Alot to cover here but this is what i'm seeing 1. Remember we are still in a downtrend on higher time frames so be careful. 2. We talked about a potential bounce in my last post and we got it. 3. As of right now we are in a wave 4 which usually has the longest lasting pullback, we are forming a bullish channel or bear flag and if we break this bottom channel...
$TQQQ Analysis, Key levels, and Targets Ok… So… I’m super excited to get back to one of my old strategies, but slightly modified… If you used the strategy I did a lot last year and the year before that then this will look similar… Basically every night I will be updating the new buy order for the next day… each day I will be adding 10 shares at the buy level...
Traders it's gonna be a exciting week, so start preparing now. There is potential that Wave 4 is not complete and we could move up towards the 50 or 61 % fib level, mind you those levels are not typical in a wave 4 especially with a extended wave 3 but it can happen. On wednesday the fed will announce the next fed rate hike, i don't see the market making big...
www.tradingview.com So just a friendly reminder that we are still in a bear market so be extremely careful trading against the trend! I closed my long position a little early to manage risk. This is what i'm seeing, the last few large candle sticks have lacked volume behind it, which means we lack BIG money. TSV showing signs of weakness and bearish...
1.We are oversold on the 4hr 2. Bullish descending wedge forming 3.Expecting a small bounce to the $19.68 4.Expecting a rejection@ $19.68 5. Hard downward movement to wave 3 @ $15.77 5.Begin wave 4 to the 38% fib level @ $24.85 www.tradingview.com
ELLIOT WAVE!!!!! historically the market is bullish towards the end of the year.. i think elliot wave aggrees www.tradingview.com
A slight correction for wave 5 then continue to the down side, no major support on the 4 hr so im thinking TQQQ could go as far as $28.10