Li is nearing end of complex correction near wave 4 territory. Price is within the 0.5-0.618 retracement. XPEV has a similar chart for Li if you want to play either one. WXY corrective wave is within parallel channels. Ideally, great entry would be near bottom of the channel.
Market conditions has been hectic as of late with little directional knowledge. I've tried to put together a wave count on spy futures. Although price action is a bit choppy, I do see more downside in the near future with the start of the Y wave of the complex WXY correction. $374-$376 has some confluence with fib extensions, demand zone, and AVWAP from a key...
PLTR is a strong public software company that specializes in big data analytics and has operations with the government. ARK has also loaded up on shares on the recent lock-out period drop. Price found support at the AVWAP from its IPO and a bounce off the Daily Ichimoku Cloud. #BTFD
Update on BFT wave 4 triangle. Currently respecting a parallel channel that has confluence at multiple points at the mid-line. An alternative wave count would be a nested 1-2. Still going according to plan. Declining volume throughout the triangle. Wave E may overshoot AC trendline and approach the daily cloud
VIR is sitting on the 1.618 fib circle. Ideally, price will fill the wick at $140. I wouldn't be surprised if price surpasses that target as the overall picture shows that price is currently in a major wave 3. A break and retest over $81 would confirm the next leg
Interesting progress in the EV field unveiling the Chevy Bolt SUV design. I will keep buying on any dip as price gets closer to the parallel channel.
ABC Flat or ABCDE triangle
Supply Zone: $56.30-$57
AVWAP + Parallel Channel + Cloud Support
BFT (Foley Trasimene Acquisition II) is another SPAQ to keep an eye on. This is a project of William P. Foley, who has a track record that you will definitely want to consider for a position in the stock. He’s making a value-added deal with integrated payments platform Paysafe.
We currently are in a Wave 4 triangle and respecting a parallel channel that has...
TTCF has a massive cup and handle on the daily timeframe . People have been hyping this stock as the next potential BYND . The handle has retraced to the 0.382 and confirmed an ABC correction. Price falling below the demand zone will initialize a longer complex correction (and will invalidate my wave count for now)
Demand Zone: $23.75-$23.90
LI Auto retraced to the 0.618 and displayed positive divergence on the RSI. Price is above the hourly Ichimoku Cloud with the whole EV sector continuing its momentum. Watch XPEV with similar price movement.
Supply Zone: $33.50-$34.00
Intel Weekly Timeframe
Demand Zone: $56.75- $57
Supply Zones: $61 (Gap Fill), $62.50-$64.00
Breakout of long WXY correction. Foreseeable good news long-term with four new processors coming into the market. Alternative wave count: Y wave can be treated as ABCDE triangle.
GOEV is a recent IPO a couple months ago and had big push after-hours. Maintaining the demand zone between $17.50-$17.60 is key in continuing higher highs. Next big supply zone is $20.90-$21.00. GOEV has a deal to jointly develop an all-electric platform for Hyundai and Kia vehicles (who just signed a deal with Apple for production of a Apple Car)
Micron Technologies (MU) had a quick wave 4 retracement before a potential wave 5. Wave 4 already tapped in the .236 retracement and waiting on price to come closer to the Daily Ichimoku Cloud. The semiconductor sector has been up and down, but I'm looking for MU to follow Taiwan Semiconductor (TSM).
MARA currently in its wave 4 ABC correction and looks to tap the .236 retracement. Ideally, the price would come closer to the Daily Ichimoku cloud before entry. MARA follows Bitcoin very closely in price action and the run is not over yet. Price falling below $15.15 would need to adjust the Elliott Wave Count.
JKS has had choppy price action recently, but the re-test of the dynamic trendline makes it a solid candidate for long positions (Good R:R). Wave 2 appears to have formed a expanded flat with a larger retracement in the 0.618-0.768 zone. Ideally, JKS would hold the $61 level before a wave 3 run-up. Wave count becomes invalidated under $57.50
DKNG saw a big push after-hours after ARK invest bought 620,300 shares of it. DKNG broke out of a minor wave 2 expanding triangle (or WXY correction) and tapped the 0.618. I can only see positive catalyst in the foreseeable future with major revenue generating opportunity like the Superbowl and continuous legalization of sports gambling by states
Zoom has a gap below to fill on the 30 min timeframe near $367, which conveniently is located at the 0.5 retracement. Watch for a bounce around that area for long calls. A break above $400 will led to the BIG gap fill above
After retracement to the golden zone between 0.618-0.65, GE looks to head for a gap fill for wave 3. There is bullish divergence on the RSI on the hourly and with a solid hammer candle on the daily. A break above $11.15-11.20 would confirm a breakout. Break below $10.70 would invalidate wave count