The nasdaq is in a large wave C in an ABC zig zag pattern
Why 7700-7800 is the reversal level:
-wave A of the zigzag is a leading diagonal, signalling downside >1:1 ratio for wave A:wave C
-the 1:1.618 ratio has no support
-the 1:2.618 ratio has support at 7700-7800
-this level coincides with a strong monthly support line as shown below
ADPT has hust completed wave 2 as a zigzag (wave b being a triangle) and is now primed to start wave 3. Wave 3 is generall 1.618 the lenght of wave 1, putting the next target to 292 dollars. This will take time however and would be a mid-long term investment.
JNJ is finishing wave 3 that started in october of 2020 - Wave 1 started during the covid crash. Wave 3 is generally 1.618 extension the length of wave 1, placing the next target of growth to end at 241 dollars, roughly 45% growth. A good safe play for growth for your capital over the next 1-2 yrs.
Chainlink is forming a complex WXY correction against bitcoin and has been underperforming it. We are currently within wave Y -- the correction is likely to continue to 0.00022 (0.618 retracement of the 1st wave).
Unsure of where we are in the pattern but this stock has completed a WXY correction with waves W:Y being 1:1. The pattern seems to be angling higher. Based on wave ratio, it is likely to hit at least 950 dollars over the next yr or so.
Square has completed 3 waves for wave A and 3 waves for wave B and is now beginning its correction as wave C. The whole correction could either be a WXY or an ABC for a flat correction. Regardless, Square is expected to retrace sub 200 to at least the 195 level and if it is still bearish, will correct to the 153 level afterwards.
An ending diagonal starting from March 2020 is seen on the chart for ILLUMINA. This pattern usually signals exhaustion at the end of a bull cycle and the start of a bear market. As seen on the log scale (monthly or weekly), ILLUMINA has been slowly losing momentum for the past decade. Although it may be too early to call this, all long term investors of...
PACB is finishing wave 3 and is on its last leg (wave 5 in this wave 3). Wave 3 is generally 1.618 the length of wave 1, which puts the target at around 140 dollars over the next several months. This is a great investment for the long term as well since it will likely have more upside in the years to come in the form of wave 5 and has tailwinds from gene editing...
QDEL is still bearish, but almost finished with a zig-zag correction of which it is now within the last wave of wave C. My target is the 84 dollar region since wave C is generally 1.618 the length of wave A.
TEZOS is in wave 3 now after a WXY correction for a wave 2. Wave 3 is usually larger than wave 1, which means that it will likely move to at least 26 dollars as a conservative target. It will likely move somewhere between 26 and 126 dollars, although 126 dollars would put it in a 100B+ market cap, which is unlikely. Regardless, from looking many charts, a wave...
Waves 1 and 2 for Evogene has completed with wave 2 retracing to the 0.5 fib level. Wave 3 in about to begin, and given it generally moves 1.618 the length of wave 1, it can theoretically hit 185 dollars. This is over several years of course. Plan for a long term hold with potential for massive gains. Will update as needed.
TESLA is beginning the last move of its impulse rally since 2019. Given we just finished a triangle for wave 4, this is likely the 5th wave. 5th waves are conservatively either 1:1 or 0.618:1 ratio with wave 1. This puts TESLA to target at least 1764 if 0.618:1 ratio, and 3365 is 1:1. These are rough conservative targets and price action could definitely...
Abcellera is undergoing a massive selloff in a zigzag pattern. Waves A and B are done, and wave C is usually 1.618 the length of wave A, especially since wave A is a leading diagonal. Expect further downside to the 6.30 region. Nevertheless, I do see a relief rally coming up soon, maybe around the 12.65 area.
Lumber had a 5 wave structure to the downside, finishing wave A of an A-B-C zigzag correction. Right now we are in a relief rally as wave B. It is unclear where it will end but the 850 area is an area that may be tested. Regardless, LUMBER is in a bear market and will continue much lower after this relief rally. Will update once wave B finishes.
VLDR has been in a large zigzag correction since 9/11 last year and is currently finishing a wave C in 5 waves. Wave C of a zigzag is generally 1.618 the length of wave A, which is a leading diagonal. Expect further downside to the 6 dollar region. Good luck in this market all!