In this weekly chart, the recent bounce of ETH looks weak as it was not able to get above last week’s closing low. An equal bottom at 1753 seems likely. However, since ETH already made a new ATH at 4865 that was higher that the wave 3 top of 4373. I think it will go down lower than 1753 to make wave 4 an
The most probable level would be 1425 which...
After rejected by 2000 level, GOLD is making a M-pattern & has retraced pass 1800, a 0.854 Fib level.
It has broken the diagonal Trendline @ 1833 (0.786 Fib level).
It is very likely that GOLD will go down to retest 1760 pivot (100% retracement) where it has bottomed multiple times before.
1760 will also be a 0.786 retracement of the entire rally from 1677 Aug2021...
CIBR seems to be making a M-pattern & is now at 39, a 50% retracement. If the yellow zone does not hold 39, then the next will be the 0.618 pivot support at 34 which is also a 200% retracement of the latest rally.
34 is also located near the base of my slanted FIB CHANNEL. 34 may be the bottom of the ABC correction & the start of a new 5 wave uptrend inside this...
AMD formed a H&S topping pattern & has since broke below 100 psychological level & the neckline. It wants to retest 75, the neckline of a 2020 H&S that was bypassed because of the tech bubble. If the 75 neckline does not hold, the measured move may see a low of 49 or even a little lower.( due to the bigger H&S from ATH)
However, it will be good to start averaging...
AAPL is the last big tech to break, pulling down QQQ & SPY with it.
In this weekly chart, it just broke the green WMA50 line & also the upchannel. It seems to be making a M-pattern already with a lower high & a lower low thus confirming the downtrend. Despite a big relief rally bouncing from 140 zone last Friday, I think AAPL may still go down to my green...
SHIBA’s fall stalled at a totalluy blank space so I think the fall is not finished yet.
The only strong support is at the 0.00000987 to 0.00000547 green box, very near my 0.236 & 2.618
If you measure the height of the wedge, it will point to 0.00000547, the base of June to Sept 2021
consolidation. This will mark the end of that big ABC correction.
SSE china composite index may have already bottomed at 2863.65 in April. It is now at my yellow pivot zone. It may go back down to retest the low.
2888 is a very impt FIBO level, exactly @0.786 retracement & is also coinciding with exactly 0.236 of my Fibo strategy on 2 separate retracements.
It is highly probable that SSEC may rally on early June. It may reach...
SPX seems range bound by the 2 blue wedge lines (potentially ranging between 3900-4k or 1.272 to 1.414 Fib levels) Measurement of the previous wedge height says that SPX may go even overshoot the very strong & popular support at 3800.
3800 is a 21% correction @edge of a bear mkt & is also a 1.618 retracement of latest rally from 4129.50 to 4631 ATH. This level...
BTC update from last post where I projected a wedge-measured move to 20k.
On this 4H chat: BTC after bouncing from a low of 26591, seems to be range bound by 28-31k on a closing basis. It has fallen below all my blue trendlines & is now barely holding the red 30k pivot zone which is also at the very edge of the gray slanted FIB CHANNEL.
If this weakness of lower...
UPDATE on my 24 Apr post that ETH have a downside risk to 2300 & 1800. These 2 targets are attained.
ETH may consolidate in the 2000 to 1700 zone for awhile after completing this expanded flat.
Not trading advice
DJP, a commodities play, is an inflation hedge. If DJP breaks 37 voiding the Trendline or GANN FAN line support, then inflation may have peaked out temporarily.
Holding 37, DJP may see higher inflation numbers.\
Note that all impt FIBO levels are respected here in increments of 4.
37 is the 2.618 level of 31 to 27.
If 37 holds, the next resistance is at 41, the...
BTC after forming a wedge, breaks below it. If it breaks above, the measured move would have been to 64k.
What is scary is that if you calculate the move down from wedge BO, it falls along the 20k level!
20k is a strong support. There is a vacuum in between 28k & 20k so BTC may fall very very fast now that it already exceeded 28k…unless it reclaims 28k in this...
DOGE broke below a wedge pattern lately. If it instead break above, the TP will be 0.27 measuring the height of the wedge.
The scary thing is if you calculate the measured move downward, that would be 0.007.
But that is least probable. The lowest Doge may fall could be to my Max Pain, the 0.0622 to 0.05 support zone.
Right now DOGE bounced from 0.0653, a little...
When DXY dollar index peaked on 16Mar2020 at around 104, it created an easy bull market for equities, risk assets & commodities specially gold. Will it again peak now at 104?
DXY has been in a strong upchannel since the low of 2009 & since 2018, has always failed to pass thru the median line of this channel. Now it may again be rejected at this median around 103...
EEM Emerging Mkt formed a big Violet wedge since the 2007-2008 crash. It currently gapped down & broke 40, a 0.618 level. If it does not reclaim 40 in the next few days, then It will go down to
37 to retest the lower edge of this wedge. 37 is also a 1.618 retracement of the latest rally.
See the 3 zones in the chart. Red is the sell zone. Yellow is the neutral...
ADA broke the yellow consolidation box with a big red weekly candle. It also broke below the slanted Fib Channel base.
0.27 is a 200% retracement of the most recent rally & also a 1.618 Fib Ext of the ABC from ATH.
Not trading advice
NQ gave back all gains from its Mar2021 rally & even broke its 12200 support. If NQ does not reclaim 12200 & hold 12k in the next few days, then the next strong support will be 11k.
16775 ATH is near the 2.618 Fib of 13950 to 12200(Mar2021 crash)
15k is around 1.618
13300 is at 0.618
After the Mar crash, NQ went to make ATH at 2.618, came back to 0.618 for the A...
TSLA in a downfall breaking 800 making a M-pattern. Next supports are 700, 600 & the ultimate strong support at 540.
If TSLA does not quickly recover 800 in the next few days, 540 may be the final destination. I dont think Elon will allow price to fall below 540. (Remember his tweeter offer was at 54.20?). Also 517 was a 0.618 retracement level from pandemic low...