TSuth

TSuth

As with the rest of the market, it seems that Amazon found its local bottom. If this pattern is to remain standard, it should ideally move slightly higher to finish of the a wave. Afterwards it should spend some time consolidating lower for b before raising up to the target box for c of B. This pattern is pretty straight forward so just let me know if you have any...

TSuth

Price made yet another new low since my last post. However, we have some nice pos div at this time and MACD appears to be bouncing off of the trend line. Either way, I do believe that minor A wave will be complete soon and minor B will kick off. Minor B should ideally take us back up to the $220 area. Remember, bottoming is an event while topping is a process.

TSuth

It appears that intermediate (A) had OML to give us before it was finished. Price literally moved $0.08 cents below the larger 1.236 and then gave us a reaction. We also got better pos div completing the reqs for a healthier consolidation higher. If we have in fact bottomed, then I would expect the ensuing price action to resemble the dotted line I have drawn on...

TSuth

Not a whole lot to add to my AMD analysis. I have said for some time now that I anticipate price to make OML to the $85-$87 area down at the 1.618's. We did hit the 1.382's in the $95 area for our last low. Price did not breach the prior high of $116.55 though. This would have been a big clue that a bottom for (A) had been struck. However, the fact that it was not...

TSuth

I don't have much to add to my Meta analysis. I believe that the minor A wave is complete or only needs OML. However, with the sloppy price action that we have had lower, it is impossible to know for sure. Nothing has cause me to question the top I called at this time. Over the course of the next week or two we should know if the A wave is in fact complete. If it...

TSuth

Those of you that follow my AMD posts, you know that price came into my 1.382 target area @ $95.16 almost two weeks ago. Since then, I have been stating that I would prefer to see another low down to the $85-$87 area, but it is not required for the pattern to be complete. This move off of the 11 March bottom looks like a sloppy 5-wave move. If you know me, you...

TSuth

Looking at the pattern / structure being carved out, I believe we need another slight low for this part of the pattern to be considered complete. We also have yet to hit the red 1.0 ($0.33 cents away) and are just shy of tagging the white 1.618 @ $207.76. This technically isn't required, but in my experience, far more times than not, a=c. We could always extend...

TSuth

As the title suggests I am still expecting another low before we move higher again. Looking at the prior price action, a drop to the 1.382 @ $163.02 looks like the ideal place for this intermediate (A) wave to terminate. Afterwards, if this is the correct count, we should begin moving higher with a target of $260-$300. There is always the chance that it extends a...

TSuth

No change to my analysis. I am expecting price to move higher towards the 0.382 @96.47 for sub-minuette a of minor B. We don't yet have confirmation though so could technically still be the minor A wave of (4). Don't forget my turquoise count suggests that wave (4) is already over, and we're heading higher in (5). I still find this count not very likely due to the...

TSuth

We have officially hit the 1.618 @ $252.91 and saw a reaction. Price slightly breached the fib, but did not stop me out. I still own a total of 20 shares as of now. RSI is still reading over sold, we have a bottom on pos div, and hit a very common place for price to move in the opposite direction. I still don't find the LD very likely, but it hasn't been ruled...

TSuth

Price has made another low as I expected. It officially breached the 1.0 and started to move higher. As if on schedule, President Trump announced a US crypto strategic reserve this weekend. BTC and other tier 1 cryptos are up anywhere from 10-30% already. This will directly affect COIN and will kickstart the next move higher. What you need to be wondering is if...

TSuth

PLTR hit the 1.0 I have been waiting for and looks primed for a move higher. The main question I am asking myself, is this just wave A, or is it all of wave (4). We've hit the target area for wave (4), but it was very short. Wave (2) was long, so I expect (4) to be short, but damn, talk about SHORT lol. This consolidation has lasted all of 9 days (7 trading days)....

TSuth

Price has officially entered into my target box today. I still feel we have lower to go before this is over though. I would like to see us hit the 1.0 @ $204.65 before turning back higher. I can think of several things that could support a move higher such as the SEC dropping its case against COIN. However, we have crossed into wave 1 territory, which is the...

TSuth

Well today was quite the day for PLTR, huh. Over a 10% drop to finish the standard trading day off, followed by another $6 drop after hours. That equates to over a 15% drop in total value in one day. As I mentioned earlier in a post that a member made, we may not know what will cause a drop, just the area in which it is likely to occur. I had mentioned in a...

TSuth

Damn it feels good to be right, lol. No in all seriousness, we knew this move lower was coming. I've been preaching about it for what, 2-3 weeks now. This pattern has appeared corrective for some time now, we just finally got the follow through over the last couple days. If this pattern is to proceed in a standard fashion, then we should get the microwave 4 & 5...

TSuth

Looking at how crypto is acting and how the ES opened tonight, I think it highly probable that the white count is playing out as expected. Of course, Tesla doesn't have to follow the market, but the probability that it bucks the overall momentum is very low. If it does open as expected, the white fibs here will help to guide the price lower. I would expect it to...

TSuth

Still no clear indication of where Tesla is headed next. Looking at the afterhours (24hr market) price on Robinhood it is down $10/share. Is this a snapshot of what tomorrow will look like or are insiders giving a hint that price will head lower again in the near future. I have been saying for a few trading sessions now that price hit the smaller 1.0 of...

TSuth

Gold seems to be intent on continuing to rise. This make me wonder if the ALT is correct. For those that don't remember, the ALT suggested that wave 4 was already over and was shallow. In order for wave 4 to have alternation with 2 though, it should be deep. We will just have to wait and see, but to me this thing has two possibilities for the ensuing pattern. The...