This is not the prettiest head and shoulders here but valid nonetheless and fits into our bullish thesis.
I uploaded this during the week to say how happy I was to see the Subwave 2 pulled back to the 0.618 Fib and bounced on it, I did not buy but I did consider and they dropped the Gemini AI news in the PM and the price jumped 5% shortly afterwards mid week...this stopped my plans to add...
2023-12-10 17:43:11 +0000 UTC
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If all the Mega Caps could move like $GOOG and $MSFT we would be a very wealthy group.
Indicators suggest that the Subwave 4 pull back is not complete yet with both the RSI and MACD trending down, there is signs that the rate has slowed so one small pull back to the white fib levels again and Subwave 4 is complete and Subwave 5 up is next.
Holders here should considering adding to t...
2023-12-10 16:23:04 +0000 UTC
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Nice bounce from the previous low level this week, we have been here before with $SE, so we need a follow through this time.
4 bounces but we need a new higher high this time above $48.
The price is testing our bear case line now at the blue line at $40.60, a flip here and we are moving in the right direction and will immediately be met by the 50 Day MA....a successful break above t...
2023-12-10 16:17:49 +0000 UTC
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Positive news keeps flowing out of $AMD HQ and CEO Lisa has been doing an amazing job and appears on track to take market share from $NVDA.
If we compare the market caps of each:
$NVDA: $1.7 Trillion
$AMD: $208 Billion
There is a significant difference, $NVDA is almost enjoying the market to itself it appears but if $AMD continues their growth, they will bring this differen...
2023-12-10 16:13:07 +0000 UTC
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Textbook moves from $ABNB too, following strictly the trajectory of its formations....we got two bullish formations, one in Subwave 4 and a second small one above the 1.618 Fib made us keep with our holdings as another leg looked next....and so far we have got that and an extended Subwave 5....the price action is in a bearish channel now but as long as it stays in the channel, it can keep pushi...
2023-12-10 11:56:03 +0000 UTC
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On the $SPY chart we said that the next strong resistance for $SPY is at its All Time High line and we can see on the $AAPL chart that it is the same here too, after posting a higher high this week.
Could this finally cool off after reaching its ATH line, which was a trigger in July that caused a 3 month decline....it may be the only thing to slow or stop this aggressive climb.
The ...
2023-12-10 11:32:50 +0000 UTC
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$ADA completed the structure to the Second Target, initially broke out and did not hold and broke down rejecting at the Second Target.
This has been spotless since we started charting this 2 months ago, I got out before hitting the second target and locked in substantial profits (95% gains), beating my $ABNB 83% profit gain for the year.
Price is in a bearish channel now, so this is...
2023-12-10 09:36:10 +0000 UTC
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$AMZN has been consolidating sideways now for over a month, since the 7th of Nov, forming a wedge here now which is a bullish formation when the trend leading into the wedge is upward....so like $ADA, the trend leading into the wedge will likely break to the upside.
The pull back has been shallow and scratching the 0.23 Fib, not nearly as much as we'd like and I have not added here yet bu...
2023-12-10 09:27:31 +0000 UTC
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We have been patient waiting for $PYPL to run and although it is up 17-18% since its low.....we have witnessed $SQ run very aggressively and feel that $PYPL offers more in terms of value and expect $PYPL to do something similar. $SOFI bulls probably feel the same way.
I have been watching this ascending triangle forming, marked by consist higher lows since $53, the price has tested the $6...
2023-12-10 09:10:04 +0000 UTC
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I uploaded $BABA on the 1hr chart on Friday so just a recap here on the daily chart with the RSI indicator.
I said during the week that $BABA never stays below RSI 30 for too long and the last time it did go below 30, the price jumped from $79 to $106 quite quickly.
We can see that the RSI is already starting to bend slightly higher after Fridays channel breakout and holding a highe...
2023-12-10 07:21:43 +0000 UTC
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Another higher high this week and $SPY is only $19 away from its All Time High line.
We can see that there has been no pull backs, that there is now multiple gaps left behind in this Subwave 1 and it does not look like any other Subwave 1 or bounce that has come before it....in fact, it is more aggressive than any wave in Wave 3 too....and still we wait.
The extreme version is that ...
2023-12-10 07:07:22 +0000 UTC
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I think $BTC has done its job very well now in this Subwave 3 of Wave 3, we want it to stay disciplined and we have no reason to think that it wont.
I am in two minds to suggest that the ascending triangle in November was Subwave 4 but I will let the chart continue as we projected before jumping to unnecessary conclusions....mainly due to Wave 3 finishing at the 1.618 Fib at $50k...would ...
2023-12-10 06:40:08 +0000 UTC
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$DOGE is moving well and has not quite gone parabolic like the other regular cryptos we are uploading.
It also has a very outspoken front man, Mr Musk.
No changes to this chart either, we have a wedge break out and the price is above the 50 and 200 Day MA....the 50 also crossed the 200 Day aggressively too, so momentum is here at the moment.
2023-12-09 13:31:37 +0000 UTC
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Same chart, no changes.
Smashed through wedge after finding support on the 200 Day MA and rushed up to the First Target too, let's see if it has the legs to keep running to the Second Target too.
2023-12-09 13:23:36 +0000 UTC
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Second update today:
MACD on the DAILY chart has just flipped bullish trending, this is a very early indication, considering the double bottom only came in today potentially.
As always, watching for higher highs and higher lows next.....RSI on the daily is at 16 now too....so this has been massively oversold.
2023-12-08 19:00:20 +0000 UTC
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The US 10 Year has got a well needed relief bounce today and is probably the reason why $SOFI and $PYPL can not generate any steam but that being said, they are green and I am happy....Monday is the start of another week and we'll go again then.
I know all $SOFI fans know the situation here, flipping the blue line and holding it as support and we can get rid of the corrective wave down sc...
2023-12-08 18:53:02 +0000 UTC
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$F has made it back above the 50 Day MA again today and above our blue line which is a good sign for the bulls.
Next test will be the long yellow resistance line which a stable support line from the preceding 18 months.
Reclaiming $11.50 and holding would be the reversal sign that the bulls have been looking for.
So far, I believe $11.50 will be at least tested next.
2023-12-08 18:44:59 +0000 UTC
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So my issue with $HOOD for the last 18 months is that it has been consolidating sideways within our blue levels. Wave C finished high in July, which means 5 waves down follows....this happened and then they reported a strong earnings......brought on my more people coming back to trading/investing after leaving in 2021, as the market climbed all year in 2023 (also a signal that the top is coming...
2023-12-08 16:51:47 +0000 UTC
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Great stuff from $ZM, getting that $SQ action here and as much as it deserves too.
$75.20 is the previous high, this would be a big statement going to this level or higher before pulling back.
However, I am happy now that when the pull back comes, there is sufficient room now for the retracement to hold above the long yellow trend line and stay as an impulse wave, meaning Wave 3 up ...
2023-12-08 16:43:13 +0000 UTC
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Nice show of strength so far but $NIO needs to hold this trend line now after breaking out post earnings.
It is also at the 0.78 Fib which is what we are watching on the $BABA chart too.
Bulls need to step in
The 50 and 200 Day MA are getting very close too which means a direction needs to be taken soon, as they never stay close for long.
2023-12-08 14:48:55 +0000 UTC
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I am watching a side break out of this channel and a retest of the channel and holding.
Still early days and still a lot of work to day but we will be looking for for higher highs and higher lows next to see if we can get signs of a reversal.
The very large earnings gap remains above up to $87.
The 0.78 Fib remains at $71.20 and it is a level we want to see held or this can co...
2023-12-08 14:42:38 +0000 UTC
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Chart request here too and no updates, starting to lose some steam before hitting our Wave 5 target and the corrective wave targets are below as shown.
There is still potential for this to run higher if it can stay above the 50 Day MA but so far it is struggling to stay above this level.
Losing this and ultimately the 200 Day MA below and the corrective wave is then confirmed and th...
2023-12-08 12:57:00 +0000 UTC
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Another request for this chart but we can see that there is no update needed, I have Wave 3 at the 1.618 Fib at $9.22 and the price action is moving higher and has broken into the Bull Case and now above the 50 and 200 Day MA.
Next real test will be making a new high above $5.50 which would be very bullish and Wave 3 would be within its grasps.
2023-12-08 12:52:40 +0000 UTC
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Keeping with the finance sector, this is Payoneer and I actually use this service with my Patreon page....and there are pros and cons to their service, the app works well (although needs to be updated) but their physical cards do not work, I have used them in different outlets and different countries and no success...this is bread and butter stuff that needs to work, you would never get this fr...
2023-12-08 12:48:57 +0000 UTC
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While we are on the finance sector stocks, $UPST is also following our trajectory and has not quite taken off the same as the others yet.
It has however held at our Wave C level and now above its 50 and 200 Day MA and making higher highs and higher lows.
My Wave Y is quite high here and although I do not always agree with these parabolic moves, I chart what I see and this has helped...
2023-12-08 12:41:58 +0000 UTC
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Also another chart that has not be uploaded in awhile.
We can see that the price burst through the First and Second Targets, so I must have uploaded this chart last in April or before....happy to see that its been running on a bullish trajectory.
We can also see that the pull back after Sept used the Second Target level to find support and bounced very well leading up to earnings th...
2023-12-08 12:38:29 +0000 UTC
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Another chart I have not uploaded in awhile and I have not touched the Bull Case scenario here, the First and Second targets have been on this chart all year and boy have they been accurate.
I have eliminated the bear case projection as it is not relevant.
Again, another chart approaching its Second Target after breaking out of its wedge, I also expect some resistance here too and a...
2023-12-08 12:30:56 +0000 UTC
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$LULU down -2.5% in the PM now after posting a double beat on their earnings report yesterday but their earnings call did not sound enthusiastic from what I hear.
I do not listen to that noise.
What does our chart tell us?
It clearly shows a run up to Subwave 3 leading up to earnings and we expect subwave 4 to come in next now before going higher to complete Subwave 5 of Wave ...
2023-12-08 12:18:10 +0000 UTC
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$FSR has managed to hold the $1.40 level, as remarkable as $NIO was able to hold above its $7 level.
It bounced very well at the opening yesterday but traders made their quick buck and got out.
I was happy to see that the pull back held a higher low....it is actually holding the 0.78 Fib here on the chart which is not shown and moving well in the PM now today.
We want another ...
2023-12-08 12:13:36 +0000 UTC
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$ADA has got the parabolic move.
This has been pin point accurate for us every step of the way.
The distinct wedge was a accumulation phase for me after entering at $0.30c and a breakout of the wedge out this on a direct course to our First Target, once it had no issues breaking through our blue lines at $0.42c and that was no issue.
I expect some resistance at $0.52c and I wi...
2023-12-08 12:04:57 +0000 UTC
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