gary_trades

gary_trades

Using the 4 hour time time frame it looks like the BTC run that started on 16th December (when it broke a long term 0.618 Fibonacci channel) might have completed a 5 wave sequence around 3rd Jan and then had a very sharp drop before before starting a new wave sequence if this is the case then we may be at the beginning of wave number 3 now and in for another big...

gary_trades

Classic ascending triangle pattern and we've just had a very large engulfing bar piecing both the support & resistance levels. This is more than likely insto money shaking the tree a little bit before picking a direction to start pushing. Typically these kind of formation break to the upside but I'm not so sure with this one. Either way a good sized move is getting close!

gary_trades

We have just touched a pivotal support line. Last two touches of this line in March 2019 & January 2020 both resulted in decent Elliot Wave runs (January was huge). We are likely seeing the 1st wave forming right now, add this to your watch list and get ready to take advantage of the pull back and the big take off of wave 3.

gary_trades

The market is definitely starting to look over cooked, it seems only a handful of stocks are pushing us higher and with the election around the corner can these stocks keep us moving up during this volatile period? Not sure where the top will be but IF it comes crashing down anytime in the next few months then I'm calling a bottom roughly around the 1750 mark,...

gary_trades

I rarely look at charts over 3 years but have heard a few people talking about Copper lately so thought I'd check it out! There is so many long term pivot points visible and we are on the way to reaching one of those points again. The April 2011 high and Jan 2016 Low creates long term Fibonacci channels of which we are now sitting at the the 0.236 level...

gary_trades

Has GM ran out of steam a little bit at a critical point? Both the Fibonacci retracement (from the Feb - March crash) and the Fibonacci expansion run in June have a confirmed level almost on top of each other at $27.65 & $27.66, GM was able to break through but then got rejected at an expected $29 level as this is makes up a resistance triangle from February to...

gary_trades

FTAI has been moving up nicely with support and resistance forming at expected Fibonacci levels, add to this we have recently broken above the 200 day moving average. We are now seeing current resistance at $16.85 (level "1" of the 1st wave) however if it breaks through then next target will be around the $18 mark. Dividend distribution in a few days may hinder a...

gary_trades

LYC broke it's bull flag patter at end of July and is now set to break it's 2020 high and then the chase is on for the 52 week high ($2.95) with the 1st profit target being the Fibonacci level of 0.786 which is a $2.73 share price. Recent supporting bullish activity on the chart is the golden 50 and 200 moving average cross occurring. Add to this that rare earths...

gary_trades

BioMarin Pharmaceutical (BMRM) has gone up in 3 waves since the March crash and has been bouncing off the current support level for the past week. This support line is 100% from 1st wave and 61% from wave two. They have their trial drug BMN 270 for rare genetic disease Hemophilia A under priority review with FDA and expected action date of 21st August. (refer...