TSuth

TSuth

PLTR made a new local low today but swiftly recovered after. I could be one degree off, and price could have intentions of making another move below the (b) wave $149.37. At this time, I still believe the minor A wave is in fact complete, however, we still don't have confirmation. If price can move above $164.18, I will call that the confirmation needed to verify...

TSuth

Price has moved in and out of the target box twice now. The micro pattern hasn't given enough information yet as to what prices immediate intentions are. We have move lower that could very well be the first a wave in wave (C). It could also just be yet another consolidation before we get another slight high to finish intermediate (B). Then you also have the orange...

TSuth

Looking at the current price action from today, we have a couple of options as to what is going on. The first one I want to discuss aligns with the orange count. This recent move lower could be the b wave of C of (B). If that is the case, then we should be headed higher very soon towards the orange box to finish out the intermediate (B) wave. If that is not the...

TSuth

COIN is still carving out what I am calling wave B. It is either in sub-minuette wave b, or micro-wave b. It is to early to tell for sure. I bought just 15 shares today as I want to layer into this position. I feel it makes the most sense to drop into my small target box before moving higher again but it is by no means required to do so. In the target box though,...

TSuth

Last week, on Friday, I re-entered my position on the long side of COIN. I bought 40 shares @ an average price of $301. Looking at the extended hours trading tonight, price is currently changing hands for $333.50/share. This means in my little position, I am up $1300 on a trade I was risking $200 for. I am always very picky with my trades, and it is for this...

TSuth

In regard to Tesla, not a lot happened last week. Price started to raise back up towards the orange target box the week prior but failed to make new local highs. After that slight raise, it spent the last week grinding lower and breached the prior local low. If it can manage to breach the orange c wave low @ $288.77 (marked by red dashed line), we're headed to the...

TSuth

On Friday, price hit the 1.236 extension and the larger red 1.786 extension @ $159. Tonight, I wanted to zoom out to show you where price is in the grand scheme of things. As you can see, we have all of the needed waves in place to consider this larger pattern complete. We have finally hit the standard target box for primary wave ((1)), and almost finished on what...

TSuth

I stated that if price broke through the yellow 1.618 @ $416 with strength that I would start to very seriously doubt the corrective count that I have. Well, it broke well through that fib only to immediately fall right back down and close only $3 away from it. Now, that being said, I am still in very seriously skeptical of the corrective pattern I am tracking....

TSuth

Just wanted to give y'all a heads up that XRP is within the target box for (5) of ((3)). If you look up my old posts from March and even as far back as January, you will see I have not changed this chart at all. It is doing exactly what the pattern had been telling us it would. I went ahead and sold the rest of my position, so I am now flat XRP. Will it move...

TSuth

Since the last post I made price has yet to make a new high. It has managed to chop in this area with a slight downward bias. If we're on the verge of the top of the indices, there is no reason to think Meta will continue higher much longer. This pattern, which is clearly corrective in nature, is way overextended. We started off with a 3-wave move higher off the...

TSuth

As I have mentioned, this move higher is either an extended minor A wave, or it is the beginning of another bull run. I side with the extended A wave due to not only the structure of the chart, but also the broader market as a whole. If this is the case, then price will likely drop to the $100-$110 area to complete minor B. Minor C would ideally take us back up to...

TSuth

The way this pattern has been moving is very indicative of a B wave. It has been complex and very choppy. Needless to say, I have removed the lower target box from the chart and believe we should be headed to the upper larger target box from here. It appears, to my eyes, that price is within the micro-wave 3 of (c) of B. Once B completes, price should be headed to...

TSuth

There isn't much to add to my COIN analysis. Price hit just shy of the 1.618 and then reversed. Price dropped by almost 10% from that last high. This bodes well for the top being in and the irregular (B) wave pattern prevailing. We still have a lot of work to do to prove that is what is happening though. Until we can breach $277 followed by a breach of $232.85, we...

TSuth

On Friday Palantir dropped pretty hard causing MACD to drop all the way to our bottom trend line. It created overlap with the pattern which brings a further rise to the target box into question. On thing I can say about this pattern with certainty, is it is very sloppy. It in no way appears as an impulsive pattern due to the choppy overlapping nature of it. This...

TSuth

No change in regard to my Apple analysis. I am still waiting for price to either break down to the target box or head straight to the upper target box from here. I think given the current price action we have a higher probability of moving lower first, but the fact remains it is not required. This week will hopefully bring some needed clarity. Regardless of what...

TSuth

Price technically speaking has a full 5 waves with this latest move higher off the $240 low. I don't believe the micro-waves 4 & 5 are done yet though. MACD has reversed and looks to be heading down now, so I think that wave 4 will be kicking off starting Monday. Technically speaking, thus pattern could be complete, but my gut tells me that it is not. It is...

TSuth

There is a lot to unpack regarding Palantir based on what has transpired as of late. I have removed the possible smaller degree irregular abc pattern that I was tracking. If you draw fibs for what would be a sub-minuette wave i of (v), you see that our recent top was made right around the 1.236. This is very standard for ED's. Also, when it reversed, it did so...

TSuth

Tesla has had quite a rough go at it lately. For those of you on trading view that follow me, you may not have had the daily updates as those on my website, but you should've known too by my posts that a decent drop was coming. Just so I am as clear as I can be, this is just the beginning of this consolidation lower. We might not even be done with this current...