we're working on sub wave (1) right now >I will be updating these charts every so often, so stay tuned. here was the original idea from yesterday, on the larger frame:
We talked about this trade since last year, it's time.
i remember when i bought nio for 2 dollas good times.
this stonk kicked my ass, but i have come back for vengeance.
The zwischenzug is a chess tactic in which a player, instead of playing the expected move, first interposes another move posing an immediate threat that the opponent must answer, and only then plays the expected move. It is a move that has a high degree of "initiative".
watch for a bounce here for a quick scalp, but ultimately 46k is for buying
i'm out at 325, but it will ultimately get up to 350 before finally topping out.
wave 4 sub wave is finally completed, indicators calling a strong buy down here going to go for the final wave 5 on the smaller and larger degree to finish this final move. pt: 149
we hit the 0.382 wave 4 target perfectly, now we go up for the 5 to finish this last move before starting our descent. wave 5 target: 398
looks like qs has entered into expanded 3rd territory; slightly modified from the original trade below:
max pain on 3\19 sits at 373, which opens up this new idea. we have a contender for an expanding flat. spy is currently in a wave 5 of the larger degree, bound in this ever expanding channel. this finishing move is an expanding ending diagonal type of thing, and is going to grind very slowly and tediously. can't even short something like this, so i rather just...
Of all the trades I've ever taken, this is the one I am most looking forward to. I'm giving Snowflake a modest upside target of $1100 quite possibly even by the end of this year. I'll update my wave analysis on how we get to that target as we begin to move along. Here's the thing though: I refuse to buy it unless it gets down into my golden zone of 287. If it...
this morning is for buying 💰 that pull back into my golden zone was one of the most bullish scenarios that could have happened.
everyone is expecting spy to hit $400 this week, but... we're approaching a very important algorithmic target at 397, expect some strong volatility in the days ahead. max pains on 2/19: $spy = $380 $qqq = $320 $iwm = $216 proceed with total caution, and don't fall for the retail trap.
btc.d is starting its wave 3 impulse here, alts will bleed out heavily. little alt season coming from the top of wave 3 down for wave 4, and an even bigger one when we top out at wave 5. good luck, and stay away from alts for the time being to protect your capital 💲