Daggermarketanalysis
$NVDA daily chart, long idea. Deep crab harmonic.NASDAQ:NVDA
NASDAQ:NVDA daily chart, deep crab harmonic. Now breaking the key level of 131.26 (neckline resistance + 0.886 retracement for the ABCD pattern). This key break can now setup a very bullish projection up to 166.14.
Key levels:
131.26 - neckline resistance
136.15 - x point resistance
141.60 - ATH's
>141.60 we fly to 166.14
$HD weekly chart ABCD harmonic. Post-hurricane idea.NYSE:HD
NYSE:HD , NYSE:LOW , and NYSE:WMT tend to perform well following natural disasters.
Here I have a nice ABCD harmonic setup taking us to 442.05 (1.618). We are currently trading @ 411. This is a 7.45% implied move higher.
Once we arrive to the pattern completion @ 442.05, I'll reevaluate, reduce long exposure, and assess a short setup for a standard retracement following the harmonic pattern completion.
$LOW weekly chart, ABCD pattern. Post-hurricane idea.NYSE:LOW
NYSE:LOW , NYSE:HD , and NYSE:WMT tend to perform well following natural disasters.
NYSE:LOW weekly chart has an ABCD pattern with a 0.618 primary ratio, which should project us to 1.618 up @ 293.82. We are currently trading @ 275. Once we arrive to the PRZ, I'll look to reduce long exposure and will be open to the idea of a short for the retracement.
$HUM harmonic update. NYSE:HUM
My spring/summer alert led to a -35% price drop towards our pattern completion for the crab harmonic.
We have now bounced off the PRZ , and I'm targeting the 0.382 fib retracement @ 334.49 .
Key resistance levels are:
249.47 (0.114 fib)
288.18 (0.236 fib)
334.49 (0.382 fib)
>334.49 we can then target the upper trendline (red), and the neckline resistance 409.36 for this possible "Shark" harmonic setup...
$GDDY daily chart. I have 3 setups:NYSE:GDDY
Starting with the most conservative one:
1. Gartley - takes us up to 163.56 for completion
2. Deep Gartley - takes us up to 165.47 for completion
3. Crab - takes us up to 179.45
Some key resistance levels to help validate some of these moves:
161.50 = neckline resistance (for all harmonics)
167.65 = x point resistance (for crab harmonic)