Looking for TSLA to revisit 120 and complete this harmonic and W1 double bottom.
LCID looks to be making a DB and trying to breakout. Aggressive entries should be in by now, conservative entries will wait for the B/O then retest.
Yellow lines are a rising wedge on the D1, but the candles have formed an IHS that should take us back up on the H4.
Looks like we may have a bullish bounce for a couple days before dropping out of this rising wedge. Targets up are 1700 & 1800 respectively. Downward are Bear Harm at 1450 & Rising wedge about 1370.
Doji down, Doji up, (yellow ovals) IHS tgt met, Golden pocket bounce thus far on the channel up making a potential flag on the D1. Flag target about 4,385. IHS inside the DBW gives us confluence for the 4385 tgt. Higher DBW tgt is still 4750. Bounce is also precluded by 3 drives down, which made the DBW pattern. (purple)
INTC is low in range on this symmetric triangle that has formed after the channel down and seems to have made another Double Bottom. If this level holds and we dont have a drop lower into an "h", then 1.618 target on this should take us back up to the top of the range for the formation around $29.50 - 30.00. We are also between the 618 & 786 time FIB so we are in...
Looks like MARA could be forming an Inverse H&S with a potential target of around 9.6 to 10.90.
Just some thoughts on where we can go from here. Ignore the time associations, because the "when" can of course vary...but these potential & basic TA/PA moves give us a realistic outlook that can take us up and then back down again through the rest of the year and leading into the halving event in 2024.
BTC Breakout and retest of main trend line from 69k (orange). This is also in a major falling wedge pattern (light purple dotted). VERY bullish setup.
ATOM has an IHS on the H4 with a TP of about 11.20. Might play out next week.
Triangles messed me up for a long time until i noticed these patterns repeating and then learned to anticipate them. i hope this helps you guys. NOT VALID BELOW 1Hr time frame!!!
Elon just bought Twitter and is taking it private. You are here, what do you do?
1. Pick your time frame. I prefer at least the H1, but H4 and D1 are stronger. 2. Look for volume spikes that line up with reversals or strong pauses. 3. Look for previous candle confluence 4. Drop range lines on a "best fit" level (READ: NOT EXACT!!!)
Here is a hypothetical of what it could look like when USDT returns to 2.24% and BTC reaches an all new high. Oh, after a potential new low, too.
We are near the 120D point in this thesis, just wanted to revisit and share an update. Keep in mind, this is a developing pattern and there is nothing that says it "must" complete. It's just a thesis. I have moved the cup rim target out to 12/19 because we are still in the bottom of the cup @ around 19k. This date lines up with 1/3 of the time being spent in the...
1. (Orange) Falling Wedge from the 7th has a TP of about 19,840 2. (Green) Bullish Harmonic from 10/2 to 10/7 has 786 FIB tgt of 20,142 and 1.0 FIB tgt of 20,398. 3. (Yellow) Diamond from about 9/17 to 10/7 has a tgt of about 21,620. All of this could transpire within the larger (Orange) Diamond that has still not finished printing and these targets should take...
I will post other charts breaking this down, but here is everything bullish about BTC right now... 1. Falling wedge from 30k-ish, that has a 60% rise TGT of about 28,900. (YELLOW LINES) 2. A&E bottom with a possible C&H forming...both have the same TP of about 1.618 FIB at 28,300. (YELLOW DOTS) 3. Diamond bottom that should take us up to the rim of our cup for...