Watching to see if ROKU can close above the key $319 pivot low. This will give me conviction on a potential major reversal and low put in today to end wave 2.
Needs to bounce in the $318-325 range or else ROKU could be in trouble. Extremely critical area for the stock with multiple support confluences (bullish trend line support + Fibonacci box retracement). Also important to note that the 200 Daily SMA is about to intersect with and test the 100 Daily SMA. (this isn't shown in my chart) If we see the 100 cross below...
Playing out perfectly and as anticipated with this wave 2 pullback. We banked on calls on the wave 1 move and have secured profits since. Watching the $273-278 for strength and buyers to step in, setting up for a great dip buy and swing contender.
I suspect we may try testing the 78.6% retracement based off of last Friday's weak price action. Very solid swing setup as long as the fibonacci box holds, otherwise further correcting will be needed. Patience and waiting for confirmation for me on this one before entering. Can see a nice impulsive move to $61 (bottom of unfilled Daily gap) if buyers step in.
Watching the $2770 region as a prime spot for a relief bounce to buy the dip. Long term bullish channel that has controlled Google's price action since late 2020. Closed under the channel median on Friday, hinting at further weakness to come. News about potential violation of labor laws on Friday caused them to sell hard. Neutral-biased until we can reach strong support.
Last time I posted about DKNG, I said we would come up to hit the 161.8% extension and we hit that nearly perfectly last week. Looking for wave 4 pullback/consolidation to take place before pushing for a fifth wave higher. Pennant and path shown is just a guess-timate, please take it with a grain of salt. Let's see if this plays out!
Like AAPL, looking for a pullback before entering a long position again. As long as we hold under $3554, I will have a short-term bearish biased. Overall market weakness agrees with this as well. Buyable region that I'm looking for is the $3250-3350 for $3700+ target.
Watching for a pullback and hold of the fibonacci retracement zone I have drawn out before going long again. If golden pocket (61.8-65%) doesn't hold here, looking for the 78.6% to hold at $147. That level also coincides near major uptrend support.
Another prime short contender that can see nice downside potential IF market weakness accelerates. Simple longterm bullish channel that has held since last year. Notice every time we reach the red region, we see some sort of pullback either back to the median (white line) or support (green line). I have a small short position as a hedge to the overall bull...
With markets looking really shaky into close today, Amazon looks like a prime contender for a pullback. Lines up nicely with the daily reversal candle and anticipated EWT wave 2 pullback. As long as the high holds here, expecting a move down to my fibonacci box zone shown. Be cautious if you're long.
My target of $155 nearly hitting today! Congrats to all who played the upside move with me. Looking for a nice dip before entering for another push higher. Patience here.
Tesla possible we put in a smaller degree wave 4 last week and consolidating for a final push higher to my $725 target. We should see a nice dip from there that will be very buyable. Expecting a major push upwards from there. As long as $695 holds, this count is valid!
Basing very nicely after quite the pullback from the highs which looks healthy. This week, we can potentially see PayPal confirm upside if we can break above key resistance level shown. Looking for an impulsive move up to the $285-288 region. My fractal is denoted in the light blue candle pattern and lines up with my bullish thesis nicely. Just something to note.
Amazing setup for the week showing lots of strength. Ideally really want a dip early in the week for an opportunity to get in at a lower price. However, that may not happen. Looking for the $64-65 region to the upside before a larger pullback occurs which will also be buyable.
Loving this setup going into the week, I entered a swing position last Friday near open. Already up in decent profit. As long as the lows hold around $216, we should expect an impulsive move up to the $230-231 region. Ultimately looking for $238-241 to completely take profits on my swing, but that may take a little longer.
Broke out of the bullish falling wedge pattern last week! Smaller ascending triangle formed end of the week and looking for continuation if we can break above! Very solid setup going into the week.
Peleton reported earnings after hours today, Big dip. No description needed. Just yes.
Looking to buy any significant dip on DKNG as long as the $56 level holds. This is a KEY pivot level. A couple different ways to count this chart, a bit more complex so will be patient and wait for my pullback. Regardless, looking for target around $64-65 as long as $56 holds.