FB- is dropping closer to our buy target as planned.
We now have what appears to be another C=A (red) wave pattern inside the larger C=A (pink) wave pattern!
These 2 targets are "nested" really close to each other around the 244.70-244.89 price.
If FB continues dropping lower into the green buy zone, we will see the price complete the larger (pink) shark...
10 year interest rates are going up crazy! (see blue line) take a look at the blue channel that has contained the 10 year note for years.
Recently the bond market has been dumping lower and lower!
Many traders are playing the commodity and stock markets long by shorting the Bond Market.
They use the money from the short sale of the bonds to buy and go long the...
The past few weeks we have been looking for a possible short target in the SPX.
Here is an 1 hour chart update.
As we can see, today's huge gap down reversal up, may in fact, only be "kissing" the underside of the
black trendline from March 23, 2020 lows.
If we look at the bigger picture, the blue Harmonic "Bullish 5-0 Pattern" may still be the pattern to look...
Today's update on Facebook (FB) - 1- hour chart.
It looks like the pullback as shown on the previous published chart is working out nicely.
As we get more information from the chart pattern, we can "fine tune" our targets more.
We have identified a possible Shark Pattern (shown in pink)
We have identified an C=A pattern (244.07)
We have identified a Pesky gap!...
Facebook is building a lot of energy since last year.
Many traders think it is going nowhere... nothing but choppy difficult sideways action for almost a year now.
Yet, we think we may see a nice pattern developing inside the "mess" of choppy price action.
We expect Nasdaq to pull back in the next few weeks, to correct the nice bull trend since the...
Today the QQQ printed a nice little Doji candlestick pattern. See it circled in red way up there? Could this be a top reversal day?
We've been looking for a temporary top of the very bullish recent post election rally.
At this point, we'd like to label today as wave 3 (purple) in a larger 5 wave up move for this year.
We are getting very overbought and beginning...
Most of the hype for marijuana stocks has now subsided from 2 years ago.
however we have been carefully buying as each opportunity on the lower green buy line
has presented itself.
Cron is in the accumulation phase now, with what looks to be another great
buying opportunity soon.
looks like another Gartley pattern may be arriving soon!
then buy along the green...
Short term short possibility, long term buy.
This is an update from the previous CRON as a Gartley pattern published
The green buy line shows a 78.6% retracement.
Officially a shark pattern will pull back
Even deeper at 88.6% retracement.
That would give us a very, very, nice price to cover shorts and buy long and load up again!
Update from last chart published Oct 13.
So far so good. We have watched the patterns work nicely into the election and now past.
The "Tin Foil Hat" astro timing worked very well for us.. note the dates.
The Bat pattern shown in last months update, has produced some very nice trades for us.
Now we may be looking at another potential Bat pattern to the...
Rumblings about the US supreme court Anti trust case against Google, could be a psychological turning point soon.
History going back over 120 years, (see chart) shows where the US Supreme court has sued Big corporations for antitrust monopolies.
When the US government begins attacking some of the most profitable and innovative companies, we have found that the...
SPY could be forming a wave 4 in a triangle pattern. There are interesting possibilities
as we go into the elections that could result in a range bound market.
This is typical for a 4th wave pattern. The uncertainty of the approaching elections
"creates" the battle between the bulls and the bears.
Lots of info on the chart, so let's dig in!
Many traders are...
AAPL sold down to our (yellow) Bat pattern D point buy target at the 88.6% retracement of XA (circled in green)
Now will we see the expanding Cypher (pink) pattern reach the circled red sell target near 408.22?
CRON- has broke above the long term
(Blue) resistance line from 2019 highs.
We think price will pull back deeper than most traders think.
If the Gartley pattern (yellow) target is hit near the $5.37 zone, that would be a good signal for us to load up (buy) stock.
This target is slightly below the (green) Buy Line, showing us a great opportunity to go long.
Yesterdays daily doji candle dropped below the green trend line from the March 2020 lows. Did the butterfly harmonic fail?
Price needs to reattach itself back up near this line soon or the bear has come back again.
The Butterfly harmonic would look the best if price went higher to the point D at the 127% extension of XA near 3307
Elliott wave labels (yellow) C of...
Drilling down to the 1 day chart, we can begin to look for a potential buy target near 45-46 zone on the green buy line.
We may also see the completion of the Bat pattern harmonic. That shows a price target point D at about 45.87.
So lets see if there is more panic and selling next week towards the target.
This would be a low risk entry. Should price drop lower...
On this weekly chart, we can see the wonderful buying opportunities that the
Long term lower green channel line has provided us. Notice the circled green spots. Those were former buy signals.
Remember that INTC has been a sleepy giant for the past 20 years (since the Y2K (year 2000 high). It has been building energy in its stock price basically going sideways...
For years we have been trading INTC.
Could yesterdays crash be a signal for us to watch for a buy at a discount price?. First,
Let's look at the long term green channel that has served us well since the 1970's. Notice the great buy opportunities whenever price dropped to the lower green channel line?
Pattern mentioned last week may
now have the pivot points we are looking for. As we begin to look for the point D target near $405, we can count the possible 5 waves (pink trail) set up.
Looks like today may have been the low for pink wave 2.
Question now is does AAPL rally into earnings in a powerful wave 3? Or does it consolidate sideways building energy prior...