Tesla may have met the support that will be the last of its bear market. Based on the bounce so far on the 329-week SMA and that any price action at or below the 200-week SMA has historically been the best times to invest in TESLA, we can assert it's likely now is a decent time to buy TESLA.
My Momentum Master indicator is showing extremely overbought levels on the Monthly, so when the red/white/green histogram falls below 15 it will signal the likely beginning of a tremendous bear market that could last 3-6 years overall.
We can see what happened last time this signal occurred on PNE as indicated in my drawings here.
Of course based on the previous...
The SPY is forming a bearish diamond reversal pattern just below critical trend resistance from the larger trend. If we create a bear-spring pattern at this larger trend resistance marked with the dotted green line, or if we simply reject down from it, then we can assume a high likelihood of breaking the diamond to the downside.
Of course, naturally, if we form...
Bitcoin is once again testing the trend support outlined in my previous idea. Another bounce here could easily lead to another bullish-impulse; and a break below it followed by coming back up to test and confirm the new resistance would be a signal for a longer bearish impulse coming for the next few days.
Bitcoin is at a very decisive moment for the short to mid term. I believe a drop below consolidation support on the bigger picture around 18k or what not will be relatively short-lived. Otherwise we may fakeout on a smaller scale and pump sooner rather than later.
Bitcoin has increased in volatility on the daily chart during this consolidation period after the big drop to 18k. This may indicate a big move is coming; a large-scale fakeout or maybe just a large impulse one way or the other.
If we can avoid the red zone marked on this chart the bulls would continue to have a good probability to have a bullish impulse out of...
Based on the all-time pattern on the monthly chart, when next bull market would begin is expected to be somewhere in autumn 2022 or winter 2023, approx.
The red 'strong counter-momentum' diamonds on Momentum Master have always resulted in at least a %55 drop or more within several monthly candles, and that has already come true this time around as well.
This was...
Similar to the SPX/ ES1 and Disney charts (among others), we seem to be on the verge of the scariest but best time to buy. Whether it's a bull-spring (fakeout) or an extended structure below the critical support of ~$124.7, looking left so-to-speak indicates that decades from now we will see these next few months as one of the best times to invest reasonable...
Disney showing order absorption price structure at its major support zone on the 2-Month chart indicates a better than 50% chance of at least a bull-spring formation under the support or a markdown below it.
I'm certainly going to be setting limit buy orders around $70 and $50 a share to hold for the next few decades.
The current bear market / monthly time-frame pullback should experience a monthly bottom leading to bullish sentiment throughout the market in 4 to 24 months based on previous action on this time frame.
We have an unconfirmed trend resistance that would confirm on a third rejection that we can keep a patient eye on as well to look for a potential earlier...
LUNC's massive run-up these past few days has lost momentum as indicated my moving averages, DMI / ADX, and just general TA (the lower-low), as seen on the 30m timeframe.
We can expect a high likelihood of a sideways trading range, retrace, or larger trend reversal at this time.
A strong bounce from the 61.8% retrace of the move or a bottoming pattern around the...
Until we see a confirmed B point at the 78.6% retrace, this pattern is nothing but purely speculative.
The long position shown on the chart is the technical trade, but on a monthly chart I would personally just stick to investing :D
Over the next 1-4 months we are likely going to see that we have either already capitulated enough to end the bear market and begin accumulation, or we will see it relatively soon. The VPVR and price history show the areas of major support with the ultimate wick low unlikely to be able to go below 12k at the worst, but more likely 14-16k; if we get that wick at all.
The white horizontal rays at the consolidation resistance and the red descending support the consolidation support. When we confirm being in phase D, where we have either created another lower-low for the SoW or a wick out above the consolidation resistance for the SoS, then we can look for the confirmed LPSY or LPS respectively to enter our trades!
After a successful but a little bit ugly Gartley fib harmonic that lead to a rejection from 78.6% of XA, we can draw the first half of a butterfly.
Bouncing anywhere above 88.6% retrace of points AB suggests a coming rejection from 127.2% to 161.8% retrace of XA.
In case of that bounce, then that rejection in that extended fib zone of XA, we could then expect a...
On the 10m to 1h timeframe we can clearly see what appears to been an accumulation range having just had our potential spring point. We would want to see us come down to a higher low, above the SC and ST with high volume on the move back up from a bounce there.
That would confirm our spring and likely lead to an SoS impulse that would absorb the remaining supply...
