king806

king806

Hello all! Im back with some more analysis for everyone! The million dollar question lately, due to the dominance in the market, seems to be where will Bitcoin go next?! Cryptocurrency volatility has been around from the beginning and we don't expect it to go anywhere anytime soon! MACD is showing bullish divergence while bitcoin price consolidates, giving...

king806

What a year NIO has had. Its been fun and there's no reason to believe 2021 is any different Im a new student to Elliot waves. But here is my work, and I believe we now soon begin wave 3. Good luck, happy trading, and a happy new year!

king806

We see Apple stuck in a LONG time range here. Once in the range we see price action tighten up to larger term symmetrical triangle, medium term an ascending triangle, Apple is seen breaking out of both. Apple also breaks out of the rangebound price acttion with a volume increase Another mover off the POC and volume shelf. White line is the pivot I believe bulls...

king806 Updated 

As seen in this 4 hr chart, Nike has been in an ascending channel since the corona sell off/rebound. The price action has moved in accordance with the upward parallel channel it is seemingly advancing in. It has recently slowed down and failed to rise back above the midline of the channel recently. Heres the tricky part, Nikes recent sell off leaves this one in...

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Amd has had an amazing bull run lately, as we see the purple dashed pivot line be the real action zone for AMD. Bull pennant, with a push into a possible bull flag, the bulls really need to come out in strength this week after we see the bears really pull this one back towards the 10 ema on the daily. Ultimately I see a higher possibilty of AMD finishing the...

king806

Long time consolidation here from Microsoft Lets note the volume push right around the POC and volume shelf right to the top of the triangle. Nice push, and a couple of dojis tell us the bulls are really staying in the game here The possibility increases that we can see a nice end of year push to 230+ Come join us for more charts like this, and live stock...

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Well guys, I dont think anyone saw that offering coming, as we say, anything can happen in the stock market! I've made some adjustments to the previous chart. We can see a clear break out of the falling wedge, and a nice move over the POC on the volume shelf. Green lines are support/resistance. Purple line indicates a pure bullish takeover. Huge spike friday...

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Today we examine Facebook. Long time uptrend is our extended lower(green) line. Over the past few months shorts have had their way bringing it down. The purple line is a different color because it seems to be the area price action reacts to, and it creates this nice little ascending triangle(bullish) if we examine the shape. Lets note 2 dates and ill explain...

king806

Glad you guys loved the previous Nio predictions, here's 1 more into the end of the year. Bears have had a feast these past couple weeks, but a couple indicators are telling me this one is due for reversal, and this chart is how I see it happening. Previous predictions projected using measured moves, so during the last Nio sell of and dip from highs we do the...

king806

We'll keep it simple today. Today we examine the daily chart. Since the end of August, price action began to move in this ascending channel Since mid September when the market was flushing, Draftkings held strong. There are some slight indicators according to my TA that this one could pullback slightly this week, but also could resume its path back up this week,...

king806 Updated 

With a close below the 200 day moving average, the big question is, does this continue? Make sure you press like and follow so I know you want more ideas like this!! Here we examine the 4hr chart. While things have seemed bad for Spy lately, if we break down the broader term price action, we see an ascending channel. This channel began on a gap up after a...

king806

Thanks for all the likes on the previous NIO chart! Keep on pressing like so I know you want more of these ideads! Nio is following this trend perfectly. Looking for its next break up Previously in Zone 1, we can also note, RSI find support in the 50 range. **********copied from previous days chart********** Please press the like button AND the follow...

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Tesla, where anything goes and volatility is crazy. Battery day will be an interesting battle ground. A key bounce of the 50 day moving average has kept hope alive for tesla bulls. The massive sell off could spark a snowball sell off into the a.m., on the other hand the sell off landed at a key support level. This keeps it in a bullish overall trend, but it is at...

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Smash the like button and the follow button! This is a follow up to the previous chart posted, also containing a previous days disclaimer as the information still applies(110-112 zone note). Apple had a huge day today, but many analyst are calling for the market as whole to be heading back downwards, can Apple keep the steam? Breaking out towards the upside out...

king806 Updated 

Please press the like buttom or the follow button if you like these ideas, thanks! NIO price target/end of october: $21 Evs, ah quite the market in 2020. Nio has had quite a year, lets examine the last 4 months with NIO. Since June 30th Nio has been in a beautiful ascending channel, a closer examination of the trend will show that upon reaching highs, Nio has...

king806

The daily chart under review has a whole lot going on, Wmt has been in its broader uptrend since its corona sell off/ rebound. This one shows alot of the breakdowns of price action. Lets put the past 6 weeks under review. The price action has ended in a seemingly cup and handle formation, typically which take around 6 weeks to form, this puts it at the right place...

king806

Tech usually moves together and alot of tech has this similar trend currently. Let's apply it to apple. Head and shoulders pattern that formed on the daily, and a break below the neck line, that triggered increased selling volume which has brought price action to a close below the 50 day moving average, typically a signal that trends could be changing short, and...

king806

Sbux, as you can see is still in a very bullish price action range. It has fell to a critical level in my opinion, it has to hold this range and move upwards, that would signify some good strength towards the next resistance and support zones. We could see a run up until earnings. This upcoming week will be critical to determine if the trend is changing.