Last crazy parabolic run for tesla i charted a very similar symmetrical triangle. We then ran from $900 to over $2000 and i missed the entire run. Tesla has once again created a ridiculous Symm triangle that i guess you could say has a reverse head and shoulders and a possible cup and handle that formed. Both broke out this week. With earnings next week, i do...
I would like to see NFLX complete its 1.618 Retracement which brings it to roughly $655. Other retracements gave me a target of $641
SNAP is on a wave 5 of a 5 wave pattern. I would like to see it extend to the 50% or 61.8% which is $30 and $32. This should occur sometime around October 21st-27th
NIO is once again forming a massive flag that has a cup and handle inside it. A break out of the cup and handle should push NIO to about $23. Above the flag we could see $25-$26, and if we get really stupid, I anticipate a potential stupid run to $30. TSLA is having its battery day that everyone is anticipating to be insane. This will affect the entire EV market...
AAPL is nearing an extremely strong support trendline that has historically caused the stock to bounce quite rapidly. If this occurs, we can see AAPL heading towards $110 and then working its way back up to $120. If the trend support fails, we should be testing the gap back down to $96
Market likes to create symmetry. Depending on which wave you think we are on, SNAP should either be making its way up to $28 or heading down to around $19 which is a major level of support. waiting for market action is a crucial part of this. For some reason, I anticipate this to not be the end of this insane run up before we crash.
Continues to pull up from the neckline on this Head and shoulders. It currently formed a symmetrical triangle that could push it up ~$15 or down $15. Yes it has broken out of the upper trend line, but i would like a confirmation candle upwards to confirm we are heading up. There are multiple gaps above to fill, but if the market continues down, this should fall...
SPY broke down from its very large bear flag. I would be looking for a: continuation down to ~$320 re-test of $332, then down to ~$320 Breaking back in to flag and filling the gap above. This may cause sideways action until the election. Breaking above the flag @342 which should imply we move to new All time highs around $367
MASSIVE bull flag. Cup and handle forming at top of flag that might break. High target from flag pole is roughly $205. CH price target is roughly $188. Price target from the flag is about $194 (ATH). Failed flag should fill all gaps below and bring us to $170