Geopolitics and Trump's odd cabinet shuffle could bring some real volatility, and i see a correction may have already started. Here is a zoomed in count of what may just be a smaller ABC correction, but I believe it is the start of something bigger.
Just an observation needs to cross this line to make others feel bullish again.
Looks like we could be getting close to an end of some sort of corrective wedge.
Possible Cup and Handle break out with GME. Why I think it could: -Momentum is gaining again for this vintage meme stock, and earnings are in play this evening. -Chart looks bullish, moving to the upside. Why I think it might not: -There wasn't really a big "handle". That might be because the stock is so bullish that it doesn't have time to form, or we might...
If the markets are about to continue going down, here is a possible scenario. Using Elliott wave, this would be the simplest target, a basic ABC corrective wave. We haven't finished the end of the B wave, so this projection is a bit premature. The target and channel is just a guess for now, I will update once we start to see a more complete B wave, but I can't...
For the past year, SHOP has been nothing but sharp impulsive move up, followed by consolidation until recently where we had our first sharp move down. It looks as if bull run could be over. Other indicators looking bearish as well, RSI, etc.
I count an impulse wave up since Christmas, with an ending diagonal wave 5. It makes sense that would get some sort of retrace soon, since we have been going straight up for the past two months. Other bearish indicators are resistance here around 2800, and high RSI into overbought territory. Targets are fib retraces: ~2700, and ~2630
EOS failed to push up with BTC, im thinking we are in a B wave of some sort. Im sure this will come down if BTC takes a breather from the crazy run its had the past week or so.
Possible Ending Diagonal with most cryptos. Could be the C of an ABC corrective?
SQ had a great run. Might be on a wave (iv) of 5. I expect one last push to new highs, then correction.
One of 2016/2017 top gainers. Looks like 5 wave near completed. Possible ascending diagonal wave 5. Bearish RSI as well. If a correction does happen, this would be a great short.
Chip makers had a great year, AMD with about 700% from the past year - however, its time for AMD and NVDA to cool off. With indexes at ATH's, geopolitics heating up - there is no doubt that after these huge gains, people will race to take profits. While my AMD chart didn't make a clear shoulder, the H&S pattern is still there, and im still actively short....
Potential bull flag forming. This is my favorite setup. Go long when(e) starts to rebound up, and set your stop at the bottom of the rebound. (e wave doesnt always hit exact trend line) Buy more when there is a breakout from the top trend line, and move stop to the top trend line. Target $23-$25. Also, zooming out at the weekly/monthly chart, this has the...
Lots of buying volume in Solar recently, likes ripe for a come back.
AMD overbought. Late feb/early march it had its first impulse move down after a 700% run up over the past year. Time for a correction. Waiting to see how high this correction moves up, then when it starts to come back down, great short opp. Target 11.00
Classic trend line TA. NFLX looks pretty over bought on higher timeframes, this looks like it needs to sell off a bit. Stop at 145, Short term target 132.