THE PLTR MEME STOCK HAS LAUNCHED. THIS IS BACKED BY SOME SERIOUS MONEY (SHOUT OUT TO WALLSTREETBETS) BEAUTIFUL TRIANGLE BREAKOUT TARGET: $42 BASED ON FIBONACCI RETRACEMENTS HAPPY TRADING!
Buy Zone: $14.25-16 First target $20 Second target $24 Stop Loss: $12 Wait for RSI to drop a little and buy at bottom of 2nd wave.
XRP is forming beautifully in an ascending bullish triangle wedge. Wait for the 3rd higher high to confirm entry above the break-out of the triangle. First target of $1.00 is taken by taking the height of the bull run previously this year.
Facebook is forming an extremely bullish triangle with a potential target of $375 Target is taken by taking the height of the recent rally. Waiting for confirmation break above $300 would be a safe entry.
BB is setting up beautifully for a potential swing trade to $11. Target is taken by taking the height of the bullish run from the Amazon contract news. Wait for confirmation above 7.50 and hold above $8 for a safer entry. Stop Loss @ 6.86
Elliot waves are pointing TSLA target to $675 by end of year Wedge has been forming since the drop back in September (target of $675 is taken by taking the height of the wedge formed) For best entry, wait for retest and bounce off the $460 zone to prevent getting trapped in fake break-out.
This is an update to my previous post. If we can hold 9600 level we will be testing 11,600 and 13,000 zones shortly after. Happy trading !
Two critical resistances which will act as new supports are labeled in green. Critical Resistance Levels: 8750 7500 Buy Zone: 9000 -> 7600 Indicators to watch: MACD / RSI: wait for these to reach lower levels as it did for A and C correction
BTC forming two possible corrections PRIMARY PATHWAY: ABCDE - BTC Hits D wave successfully around 13400-13800 zone then retraces down to E wave target around 8.1k zone. RSI / MACD both confirming upwards movement. ALTERNATE PATHWAY: ABC(D2)(E2) - BTC is done with the D wave and is heading down to E wave as we speak. Not very likely given how bullish BTC is...
Bitcoin finishing up it's ABCDE correction. Two possiblle pathways but only ONE DIRECTION UP!!!!
elliot wave analysis shows SPX reaching overbought zones... expect crash very soon (target is March - May) feel free to discuss