freeguy_by_wmc

freeguy_by_wmc Updated 

Following a rapid rise to $30, silver has seen a swift decline, indicating a completion of the minor Wave (iii) of Wave ((iii)) just above the 461.8% level. We've exceeded this level, so we need to consider potential deviations from ideal models to navigate the market effectively. We anticipate the downturn to continue and expect to find support between the 38.2%...

freeguy_by_wmc

Since our entry at $26.31, silver has experienced a significant rally, reaching up to $32.50. We anticipate a correction downward to form a Wave 4. The recent rise to $32.50 indicates a strong upward movement, but now a correction is expected. We expect silver to correct downward into the 38.2% to 50% retracement zone before continuing its upward trend. Our...

freeguy_by_wmc Updated 

Upon examining the monthly gold chart, it appears there could be a significant price drop, a secondary scenario in our analysis. We don't foresee a 50% decrease in the near future, though it's not impossible, especially if the market downturn affects all sectors, including gold. It's crucial to consider all possibilities due to market unpredictability, even a drop...

freeguy_by_wmc

Gold has reached a new all-time high, creating either a double top or peaking at a maximum of $2,487. The price turned within a very narrow range between $2,472 and $2,487, which was remarkably precise. The precise turnaround within the small range indicates significant resistance at this level. Our primary scenario anticipates a pullback towards $2,200 before...

freeguy_by_wmc Updated 

Airbnb (ABNB): NASDAQ:ABNB Airbnb's outlook appears quite bleak at a glance. We've experienced a break in the downtrend, and since January 2023, there has been an uptrend. However, we anticipate this might not last long as the complete cycle has not yet concluded. Since the IPO, the price initially surged to $220, then fell to $82. We now expect a rise...

freeguy_by_wmc Updated 

Bayer (BAYN): XETR:BAYN Upon request from one of our members, we're taking a closer look at Bayer AG. We believe that we are still in an overarching Wave II. This wave finds its last true support at the 88.2% retracement level at €24.51. Falling significantly below this level would likely lead us to see a 100% retracement down to €8.48, which would be severe...

freeguy_by_wmc

Since our initial analysis in November, Bayer's stock has experienced a 40% pullback. Despite missing our limit order by 2%, we have decided to enter the market now and plan to make additional purchases if the price drops further. The stock has held around the 88.2% Fibonacci retracement level. We are currently within the 50-61.8% Fibonacci extension zone for...

freeguy_by_wmc

I love Airbnb for vacations but this chart really isn't looking so good... It is the only stock we are currently looking to short. Airbnb has consistently shown lower prices since its inception, despite a recent period of higher highs since hitting a low of $82. We remain confident in the continued downward trend. The movements from point A to B and B to C align...

freeguy_by_wmc

In April, we anticipated a pullback for JNJ, and since then, the stock has dropped approximately 7%, aligning with our expectations. The current trend suggests further downward movement, reinforcing our previous analysis. We are focusing on the support zone ranging from $134 to $116, with a potential lower bound at $109, the Corona-Low. The ongoing pullback could...

freeguy_by_wmc

Back in March, we anticipated the target zone for Netflix to be between the 38.2% and 61.8% Fibonacci levels. This zone was reached in April, marking the end for Wave 4 perfectly. Since then, the overarching Wave (1) has likely been completed. We expect a significant correction before another upward move, with the anticipated pullback range between 35% to 50%....

freeguy_by_wmc

Marathon Digital Holdings has been trading sideways for an extended period after our last analysis. The stock formed an equal high, dipped again, but consistently held around the High Volume Node Edge Point at approximately $20. Following the latest retest of the $20 level, MARA has broken out upwards, leaving a breakout gap behind. Today's 19% increase indicates...

freeguy_by_wmc

PayPal has reached our anticipated zone for Wave (ii), respecting the $59 to $57 range. The price action suggests a possible bottom formation, making it a candidate for a potential entry point. Key observations indicate that the support and reversal zone between $59 and $57 has held and build an EQL there, indicating a possible end to the correction phase. If the...

freeguy_by_wmc Updated 

On the Visa daily chart, we can see that the ABCDE correction completed Wave (4) at $174.60. Since then, the stock has been moving upwards towards Wave 3. We expect significant gains for Wave 3, but a short-term correction might still be necessary. From November 2023 to March 2024, Visa experienced a strong upward movement. Currently, we are in a correction phase...

freeguy_by_wmc

We are screening through some altcoins for potential wick trades on a possible bottom on Bitcoin and found interesting levels on ONDO. Current Analysis: We are looking at the spot chart here as we would plan on entering spot rather than perpetual, but technically, you could do it. We got multiple levels here that support one idea, getting support from the 3D...

freeguy_by_wmc

During our recent livestream, we highlighted BLZUSDT as a potential spot-buy opportunity. We identified several key levels of interest for entries and stops. 12-Hour Chart Analysis: The weekly fair-value gap nearly overlaps with the three-day fair-value gap, making this level a significant potential entry point. Additionally, the lower support zone, which has...

freeguy_by_wmc

In our livestream a few days ago, we talked about the impressive rise in Tesla's stock. Since our last analysis on June 13th, the stock has jumped 38% in just 19 days. This was somewhat expected because there was a lot of negative sentiment towards Tesla, which often leads to a significant rise. Congratulations to everyone who believed in Tesla with us. Our...

freeguy_by_wmc

JD.com has seen the expected drop towards the High Volume Node and Point of Control (POC) on the daily and three-day charts, between $27.50 and $26.80. Now, the price is falling further, and we think the lowest it could go is $24.65. This area is about $1 wide, and if it goes below that, it might drop to $20. Current Situation: The current situation shows...

freeguy_by_wmc

It's been a while since we last checked on Disney. We hit our target for Wave A, getting close to $126. Now, we are working on Wave B, which we think will finish between $96 and $89. This range matches the 61.8% to 78.6% Fibonacci retracement levels, suggesting a Zig-Zag correction. Current Situation: Regarding the future outlook, we are looking at $156 to...