Sometimes there is no need to get creative. Semiconductors have been hot, and $MU is one of the few that hasn't made a new high yet (although it came close, wicking into supply levels near the all time high of $96.69). The bigger picture here is that price is extended from the 21 day and closed below the 5 day last week. It seems a slight pullback is in order
$ARKK on the smaller time frames is providing some great trading opportunities. The volatility is there and we are starting off a new year. I am looking for a long opportunity around the $93-$94 range. Support: $94.00, $93.00 Resistance: $96.50, $100.00
After a 37 point sell of in $ARKK from a recent pivot high ($125.86), we are starting to see some growth names base and reverse. While the overall trend on $ARKK is still down, the smaller time frames are showing signs of strength and reversal structure. ARKK
Here I evaluate the conditions of $ARKK and the likley hood for a reversal using support levels, volume, and most importantly, exponential moving averages
$RBLX Powerful Setup developed 1,2 - 1,2 count Will be watching how roblox develops into the end of the year
Actionable trade idea using Exponential moving averages (EMA) on CrowdStrike
The basic components of volume profile here on Crowdstrike
In this video I go over how to identify corrective structure in trending markets, how to validate retracements levels, how to get upper price targets for motive waves, and in general applying EW theory I hope this can help and be of value to you :)
Here I go over the foundational concept of EW theory : fractality
Here I teach how to identify corrective structure, how to count motive waves, and how to get upper price targets as well as retrace levels for counter trend movements Hope this can help someone :) -BensStocks
Nvidia broke out to ATHs and I was able to profit off the move thanks to Elliott Waves! Elliott Waves are a great form of technical analysis to identify when the price is beginning an uptrend (Impulsive), as well as when finishing a corrective phase.