(1) I keep updating my ideas in the same thread until they have been fully played out or invalidated. So please like to keep track of future updates. (2) My charts on bitcoin are half serious half joking. Only to get more followers, not to make ppl poor.
Oil has seen two violant down days. Those type of days typically appear at the end of a strong trend, showing exhaustion. From this chart, we can see if the lower white line holds, then the divergence could start to play out for a trip back to 57s, and perhaps to above 60s.
This is a monthly chart for TSLA. We can see how October reacted:
1. Market tries to break below Key LVN at 272. But instead, stock bounced from that level and closed the month at the top of that market structure 327 LVN.
2. This month, we have backtested that level, and if it can start breaking previous highs (340,380), it will be ready to enter a major...
AMZN has had a wild ride the past month, marking a double top for a recent rally that nearly doubled it from 1200. We can see that a D shaped profile is starting to form between 1340 and 2000. This could be the new trading range for AMZN for the next one or two years. The best strategy here is to long at bottom and short at top.