our AMZN short term long is reaching our profit target, look to book profits into wave 5.
Yes. I believe the economy's screwed and I've sat in disbelief for the past 12 days thinking that it doesn't make any sense why the stock markets are going up. My realization why stock markets are going up came to me when I asked myself, who out there thinks otherwise? I realized that there are a lot of people out there that don't understand how the economy works...
Again, we are keeping our powder dry as we are looking to establish Long term longs on TSLA only if the stock drops further and complete wave 5 in times of uncertainty like this
AAPL is holding up strong, but we are staying cautious as there is a pending wave 5 decrease before we meets all our criteria to establish longer term long positions on AAPL
SQ critical support trendline has been broken. Look to establish short term bearish positions or on the SAFER side, keep your powder dry and establish longs as SQ drops further into the 16-17 downside target completing wave 5.
SQ has broken the critical trendline support. Look to either establish short term bearish positions targeting the downside. OR keep your powder dry, and wait for SQ to drop further into the 16-17 range to establish longer term LONGs.
Look folks, if the S&P continues to go higher breaching the 61.8% resistance, we could be falling into a larger degree consolidation where we see sharp increases and declines. For amateurs, they are likely getting caught in this wide up and down swings. For the trader, it presents lots of opportunities to be establishing swing trades.
The Decade long SPX trendline has been broken now acting as resistance, are we dropping furhter into wave v downside target? Will this immediate rally be sustainable ?
BTC Short Setup, Having an IDEA of the "power" of correction is EXTREMELY IMPORTANT in the Logical integration process. This potential triangle pattern on BTC provides you with an accurate idea of whether a Correction will, should, might , should not or Will not get completely retraced by the next move. Every day we present the Elliot wave method, The First...
Look to establish longs on AMZN as this stock is holding up really well despite the market crash
Condition: Price hits the 61.8% retracement
Critical Support level broken, we are seeing an impulse pattern on the downside for the NDX
Update on my our scenario, we are heading lower with teh S&P breaking critical level of support
Check the Fib Cluster Zone with potential double bottom. Perhaps we could be seeing an overreaction in the SPX for a potential rebound making the rest of 2020 a roller coaster ride within this triangulation pattern. The Short term support gives us an indication whether or not the SPX will be falling into this consolidation as we need to hold above these levels...
NFLX chart pattern looks favorable and we are looking to place longs on NFLX with this strong holding stock
Careful not to catch a falling knife. TOO early to tell if AAPL can hold current levels of support. If not we are heading lower targeting the 61.8% retracement
IF Current Support Levels fail to hold, we will be targeting the 1711 level
which will determine the trend of the S&P for the rest of the year.