TRX exploding in a wave 3....so SELL ZONE targets in boxes and BUY ZONE in oval. First target between 0.35 and 0.56, then a retrace to 0.166 to finally explode to 1.21. Again, chart is for prices, does not indicate timing in any way.
So bullish pattern on XLM on the weekly chart, looking for a wave 5 target of $1.4 or above....but has to finish it's wave three and have a wave four that should take us to below $0.4. It is a weekly chart, so longer term price targets. Look first for a finish on the wave 3, targeting the first BUY ZONE box.
OGI following our pattern nicely after dropping to our BUY ZONE, with a gap up a pointing to above 7 in this wave i of 3. Levels to look for are the gap close at 3.25, invalidation of the pattern at 2.38 and above we would like for a break of the previous high of 6.45 before going above 7. #Potstocks tend to jump higher, so beware of gaps up and rocket moves. ...
After dropping from 29 to 8.5, SUNW is making up ground fast and pointing to making a local bottom. We love the RSI and MACD turning up on daily and 4 hour time frames and think a break of over 29 is coming soon.
Probably one of the most bullish set ups we have seen right now, TOMO. Should see a pullback to a BUY ZONE of 1.3746-0.9262, after which a move to 16.36-30.09. Ultimately can go over 100. Great Risk Reward if patient or averaging buy in.
Again, our favorite FX pair is the USDMXN....we follow it closely. The currently path upwards has first resistance at 21.77...tried once to break it and now has a second time to do it. We think it eventually breaks to the upside. The bottom is in!!!
One of the miners that we are following is AG. Made a bottom with a nice 5 waves up that finished with the spike in silver a few weeks back. Now done it's retrace and if this holds, we expect a minimum price target of 55....that is marked by our box in the PROFIT ZONE. First need to break previous high of 24.01, then pretty much off to the races.
OGI, another cannabis stock that we have been following enters our BUY ZONE today, and quickly turns. This hit our 50% retrace level from the move up. If this level holds, projects to 7.72 for the next move up.
After a huge run up, TLRY makes it's correction and enters our BUY ZONE. BUY ZONE is between 23.70 and 17.19. Hit the middle on open today and preceded to move up nicely. Might come down to our second level at 17.19 and give us a RSI and MACD divergence, but we take what the market gives us. Next move should be spectacular.
SPWR after huge move, makes a classic ABC correction and enters BUY ZONE. Offers a 2.5 to 1 risk reward if entered here with a target at previous high (before ABC correction). Would like to see divergent RSI and MACD before entering...
So USDMXN is respecting both the 19.61 level and the purple downtrend line. A lot of touches on the trend line (red circles drawn) and rejections. We are looking for a break on this trendline as a first signal of reversal. Below 19.61 we have 19.03 and 18.55 but we don't think it goes there.
Similar fractal from when it climbed from 18.55 to 26, we were...
ACB, another potstock, has a powerful 1-2-i-ii set up. In Elliot Wave terms, that's a rocket. It's an impulse within an impulse, so goes with the sentiment on pot stocks (very bullish). The red wave is the first impulse, with a green wave being the wave 3 of the red wave. Great buy here, with great risk reward. Green fibs target 20 to 23, then a retrace and...
So DOT showed it's legs and got to our 1.38 fib level we were tracking. Took partial profits there. Next level is the 1.62, that is 52278. Again, dot vs BTC here.
Very bullish. If not in look to get in.