paolodamus

paolodamus Updated 

$TSLA rejected after hitting previous PT of $235 tanks to JPow being extra hawkish today at the FOMC meeting. That being said it's clear now that there's a dead cat bounce building. We might have had an over correction on 11/02, so potential expect the week to be contested between $210-220 as the bulls won't want to give up their premiums, but keep in mind there...

paolodamus Updated 

Given FOMC is behind us now and the market is most likely following another leg down I'm expecting a top line rejection off of the large channel on the daily. Rejected off the 200d MA of $218.11. Expect continuing rejection if we get a dead cat recovery at this point, but ultimately I see this impulse retracing back down. Notice the W pattern several bars before...

paolodamus Updated 

On the $LCID 4H+ext chart it looks like we've started a potential IHS (Inverted head & shoulders) pattern. IHS: Using fibannaci retracement and extension from the high to the low (point 3) we can see a shoulder line forming on the 0.236 fibannaci extension at points 1 & 5. Resistance starts forming at near the 0.236 fibanacci retracement around $13.05 -- which...

paolodamus Updated 

$TSLA on the 4h+ext might be making a potential triple bottom here on points 1, 3, and 5. Lots of support at $200 -- however so far buying pressure has kept it up. Also a descending wedge has formed + a bull flag descending channel. Both of which are being tested with the current candlestick -- need confirmation for breakout. Important: This has an expiration...