megaman101

megaman101

We are sitting right at the top of a descending channel that has been in play for months. If we decisively break above the channel (About 8500+) then this chart is in play. Wave 3 target $23000, wave 5 target $30000. This is it bulls. Don't get scared now.

megaman101 Updated 

Revision of my previous TSLA chart using elliot wave principles to tighten up the levels. As a TSLA bull it pains me to post this, but a perfect 5 wave impulse has played out. See numbered black annotations in the chart 1. Wave 1 The height range of the first wave is $88. Wave 1 Fib Levels are overlayed for the next point. 2. The main impulse wave 3 This...

megaman101

Be careful buying here. Wave 5 may have completed, watch for signs of ABC reversal to the 61.8% fib at $336. Revised my previous chart and target of $460 down to $413 as we moved too fast without any consolidation moving into wave 5. This is based purely on technical analysis - despite TSLA's good fundamentals, nothing goes up in perpetuity. A reversal will...

megaman101 Updated 

This stock has had an insane run up. Anything that goes up so fast will come down violently. Looking to load up at 0.046 the 61.8% fib retracement.

megaman101

Short term price target $460. Elliot Impulse Wave - We have just completed wave 3, consolidating in a horizontal wave 4 and painting a bull flag taking us into wave 5. Wave 5 catalyst will be 2019 Q4 earnings in Feb 2020. Fibonacci - Drawn from the $176 bottom in June 2019 to a 61.8% level at $350, gives us price target of $460 in Feb 2020. Macro Environment...

megaman101

What goes up must come down. Long term outlook is still bullish for gold, but not before it retraces to the 61.8 fib.

megaman101

The red trendline is a key level, if we drop below 11k, most likely will see lower lows for the next few weeks. Most recent doji showing indecision, could lead into a reversal or more down trend. Watch the 1,2,3,4 hr charts for hints for the next daily. If the next daily candle printed is green, put on your moonboots - 13k and beyond. This is not...

megaman101

Moonbois get ready, we're going to 20k. ... This is not financial advice - counter trading me is a good strategy :D

megaman101

This is a V2 update to my previous chart. REVISIONS 1. Wave 2 bottom Moved the bottom of wave 2 to 10500TUSD, as this is the 61.8% fib retracement of wave 1. 2. Wave 2 length In an EW Impulse wave, of wave 2 and 4 pullbacks one is a horizontal while the other is more vertical. Right now looks like we are in a horizontal as the market catches it's breath. ...

megaman101

This is not investment advice. I'm really good at loosing money :D

megaman101

I'm seeing a cup and handle formation, the end of the cup around 8100-8200 area, retrace to 8000 to form the handle, then breakout towards 9k. Anyone else see this or have reason to invalidate it? Feedback appreciated.