MoneyForNothingAndPipsForFree

MoneyForNothingAndPipsForFree

AUDJPY has broken out of the ascending wedge to the downside and is currently moving inside a bearish channel. I think that wave 5 is in play her and price should come down to the target box at around 91.50 - 90.800. If you look at the volume profile you will find a circle, I've marked this area to point out, that there's a huge volume imbalance and basically no...

MoneyForNothingAndPipsForFree

As you can see the EURNZD cross is trying to complete a triple top. I expect price to drop all the way down to 1.644, if we get the reversal to the downside.

MoneyForNothingAndPipsForFree

Looks like USDTHB is going to break down on the hourly chart. Let's see if we continue to trade to the downside inside the channel. I've marked two take profit zones, don't exclude it going deeper.

MoneyForNothingAndPipsForFree

So far Organigram has been trading inside this falling wedge. I'm still waiting for it to touch the lower trendline for a third time before I go long.

MoneyForNothingAndPipsForFree

Wells Fargo is in a clear downtrend, we should see a retest of $30 in a few weeks.

MoneyForNothingAndPipsForFree

Here's an update on $DKNG. $25 is the current target. Won't go into any details as the move is very straight forward.

MoneyForNothingAndPipsForFree

Looks like an easy short all the way down to the 61.8% - 67% Fib. That's around 75 pips.

MoneyForNothingAndPipsForFree

$SPX is in a bearish downtrend. I had expected it to come at least back up to touch the neck line of the formin H&S pattern. It's alos trading beneath the 100 and 200 MA on H4. I expect it to breach 3900 soon. Also tons of order south of 3900.

MoneyForNothingAndPipsForFree

AMD made a nice and clean 5 wave move to the upside and is now trading inside a downward channel. It looks like it's trying to complete a corrective C wave. Entry price is at around $85.

MoneyForNothingAndPipsForFree

ING is still in a clear downtrend, waiting for it to retrace to the area between $6.85-$7.33. That's where I expect buyers to step in and it's alos a high volume area just beneath the value area. A third touch of the trendline is your signal to go long.

MoneyForNothingAndPipsForFree

The dollar is still strong and rising. I expect to complete the double top here (pink horizontal line), that's about 160 pips. It's still trading inside the Darvax box, set your stop loss just beneath it.

MoneyForNothingAndPipsForFree

We have been in a downtrend for quite some time. BTC respects PA quite well, see the Darvas boxes and Bear flags. $14K or lower is the gameplan here.

MoneyForNothingAndPipsForFree

This looks like a solid long setup here. They'll try to bring price up to the high volume node at around $62.50, which also happens to be the 50% retracement of the entire leg down.

MoneyForNothingAndPipsForFree Updated 

As you can see on the hourly chart Lendingclub has completed a solid 5 wave structure to the upside, with wave 5 being an ending diagonal. Now it's time to retrace. Lendingclub should retrace to the 61.8% - 67% Fib at around $12.75 - $12.50. This Fib pocket is also the area where the most activity occured, according to the volume profile. If this level doesn't...

MoneyForNothingAndPipsForFree

Draftkings has reached it's previous cycle low May 2022 and formed wave 2 of a supercycle. Smart money has been buying relentlessly, although I expect price to retrace to around $15, where I'll be going long. My first TP will be at around $50, which happens to be outside of value area.

MoneyForNothingAndPipsForFree

$LC has found support at the 61.8% of the preceding wave count on July first. From here on I see it climbing all the way up to $28-$30. Our first intermediate target should be somewhere around $19-$20.

MoneyForNothingAndPipsForFree

Looks like Affirm found a bottom and has been in accumulation phase for a few weeks now. It's already trading above the 100 MA on the daily. MACD histogram is forming a nice hump. The old trend was broken on July 7th. First take profit target is around $47-$50.

MoneyForNothingAndPipsForFree

Looks like SHOP has finally found a bottom at around $30 and is now trading inside an accumulation range between $30 -$40. Also volume has picked up since may and I expect a first take profit target of $70.