So recently the PA has shed more light on the prior structures - it's clear we're correcting this entire move and our first 5 waves have completed - Going forward I expect this correction to end soon and we should start our wave 3.
So it's clear our most recent impulse leg is correcting and I'm of the belief this is a (Bullish retracement) - I see multiple Bullish Wave counts in play and currently rate this the most likely scenario, Yes there is a chance we can correct lower to around $220~ levels and still remain very Bullish - It would actually be more Bullish for that to happen because it...
I can see a clear 5 waves down here and price has bounced and taken out one of our daily pivot points with some decent volume - this could be the start of a major trend reversal.
Pretty clear the downtrend has been broken and I'm of the belief that this is currently a bullish retracement (working on wave 2) - Overall this will end up being a long term swing for months/years if I'm correct.
Just a wave forecast of what I think is coming - current correction should end soon and we start ripping again.
Not seeing this move off the bottom as corrective at all - volume has already confirmed the trend imo and we're early stages here of wave 3.
I want to say the chart looks like it's bottomed and is in the early stages of a trend reversal...so for now we treat it as such and play for a long term swing....
Had a rough look at some Biotech stocks - looks like overall this sector is going to explode soon - I have no idea on fundamentals for this space but charts look damn good on a lot of these for multi month/year swing trades.
I think Rare Earths have bottomed out and we're early stages of a trend reversal - Expecting lot's of $ to be thrown at Rare Earth companies from the Gov to help get these mines into production as the shift away from reliance on China, China's made in China 2025 will have lot's of countries scrambling to have their own infrastructure built out to support the green...
Not suggesting to buy this now exactly in the short term but overall I think it does something like this - Trick in bull trends is to buy pullbacks.
Next important high on nvda should be around $640~, not sure my timing guess will be accurate but we try - scam it.
Another braindead setup by the looks which will scam higher - there really are so many.
Another chart that looks to have bottomed and is in the early stages of an uptrend - scam it.
Seeing many tech stocks that have broken their major downtrends and are in early stages of what I believe to be a long uptrend - this is one imo.
Similar to many other ideas - it's really starting to look like so many tech stocks have huge moves yet to come in them...and this is only the beginning of a multi year melt up.