TLRY presenting an excellent risk/reward trade...With support at $4.41 that is near the 78.6% retrace, I'm looking for it to go to 11.56 before a retrace, then break 21.05 convincingly and go to 38.25 at a minimum. After, retrace to around 21.05 to finally go to a minimum of 38.25. Has potential to spike towards 70+ if it holds this bullish pattern.
Levels I am watching on the 4 hour BTC chart... If this an ABC running correction, 1.00 extension points to our longer term support of 8820. In order to invalidate that pattern, needs above 11155 red line or the B on the chart. Not looking incredibly bullish or impulsive from the current lows, last night's dump is definitely not reassuring.
Looking for at least 1000 points down from here. Small possibility of a higher high, but a very good spot to begin layering in shorts.
Layering in shorts on the YM or Dow Jones. Looking for 1200 points down.
Between two patterns, green and red. Green has us going to $19.40 before going up and Red has us already done. If the Red pattern prevails, price should reach $78.35 before starting another correction (in both price and time). Right now, higher probability with the Green pattern so still looking down.
Looking for a sharp rise in this pair. Over the 1.00 fib extension (Dark line on chart) pattern points towards the box. Should look at hedging if this pair is important for your businesses....
After yesterday's huge move up, BTC now correcting. Have my levels drawn up. Right now at the 38.2% retracement (first yellow line) 8820 has always been important as support/resistance levels, thinking it goes to there. (orange line) The 50% retrace is a bit under, so might shoot to the 50% (second yellow line). Third yellow line is the 61.8% level, below there I...
Nice divergence, size of waves...looks like a bottom. Like for a long at these levels.
Might give one more low, might not. For medium and longer term views really shouldn't matter. Those that are waiting for a perfect level to get in might be left waiting....about to really, really take off. This is a three we are waiting for. If you thought the april rise was breathtaking, wait until you see this one.
First Majestic forming a bottom, looking for a wave 3 to hit the first box then a wave 5 to hit the second box.
GDX (miners) looking for a strong move in a wave 3 towards 29-30, then a wave 4 pull back to finally hit the wave 5 box between 33-35. Looking good.....
Following our pattern quite nicely, we think this pair hit above 22 in the near future. Coming elections, NAFTA and rates all applying upward pressure, as well as a well defined bullish pattern. Only after elections do we see pressure removed and a down phase for this pair.
After topping, we have an abc A wave down, B up looking for a C down. Should at least hit the target box. At least 150 points down.
Copper in a very bullish set up after it´s correction. Thinking it follows the path to first box, retraces to oval and then the second box.
USDJPY is hitting resistance and the 1.00 fib off the 1-2-3-4 moves marked on the chart. This Price área has been visited and bounced off several times. It gives a nice Risk/Reward with a tight stop to the downside. Target set at box.
Looking at 9222 as major support, above that 9927. Just broke a trading range we had been following. Still a bullish count, breaking supports reduces probability of the impulsive up we have. Under 9222 will be looking for much lower, around 5. Stay above 9927, still looking for new ATH.
DXY finishing 3 of C, needs a retrace 4 (oval points to potential target range) before a final 5 to target box. Beware of truncation and a sharp reversal once the move down finishes in its 5 or a truncation.
Currently short, looking for the oval target.