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BOEING, CAN A 747 REACH THE MOON?meh, idk. probably not. Something is weird with defense stocks. I like the potential of the upside to see those gaps close. There is support on the bottom side. Gaps are closed on the bottom side. Indicators are turning to favor bulls. However, there may be some quick downside on these steep short term trends in red. Green Triangle is likely a long term buy zone, with potential to hit as low as 145. However, I have no idea if that is before or after 300+ After that, if we break that support trend (thickest green), watch out for the movement to 92. A movement like that would be similar to a covid drop and return. Earnings is likely to flip price action. Drop into earnings, and price targets hitting as support is a buy. Pump into earnings without breaking out over rejection trends, and rejection targets is a sell. Any feedback on the charts as far as simplicity to understand? Do you prefer candles or the line? I use candles to TA, but I've found better feedback with the line chart, which I'm happy to keep doing. Website update, idk which direction I want to head with it.
NYSE:BA
by nicktussing77
1
CCC Intelligent Solutions Holding Inc. Moon or BustChart was brought up on my stream today, and I wanted to post a chart. Looks like a nice run-up stock looking for a decent crash that should equal some pretty large percentage losses. Short term parabolic stock, so when those green trends break, the pump is pretty much over, and you'll want to start looking for an exit or short position on the retouch, which looks like it might end up being 13.9, but it's too hard to say right now, as those trends are held up on weak support. CCC Intelligent Solutions Holding Inc. exhibits promising signs in its current chart analysis. On the daily timeframe, the Relative Strength Index (RSI) is indicating a bullish sentiment, although we haven't detected strong trend momentum yet. However, what makes this chart intriguing is the presence of a potential 'cup and handle' pattern nested within a larger 'cup and handle' formation. Digging deeper into the 4-hour chart, we find crucial trend support, which has not been breached, and the RSI has yet to cross into bearish territory. This solidifies the foundation for a robust short-to-medium-term outlook. Furthermore, a notable price gap has been observed at $12.5, providing an interesting point of reference for potential price movement. The 1-hour RSI suggests a short-term correction may be on the horizon, supported by a subtle emerging trend. This could strengthen our 4-hour trendline, potentially setting the stage for a surge towards the $14 mark, with an optimistic stretch target of $15.72 in the event of favorable developments. It's essential to note, however, that the 5-minute and 15-minute charts are currently showing signs of being overextended, indicating a need for caution in the short term. In terms of price targets, we have an upper range of $13.9 to $14.05, while the lower range stands at $8.47 to $7.41. While a maximum price of $18 to $20 is not entirely out of the realm of possibility, it's essential to maintain a realistic perspective, and such levels may not be easily attainable. In the unlikely event of a significant downturn, the stock could potentially dip below $5. In such a scenario, it's crucial to be prepared for a potential bounce when the drop stabilizes. Looking ahead to the start of the trading week, should Monday open with a downward movement, it could present a compelling buying opportunity around the $12.54 mark, aligning with the prevailing trend. Such a move would also serve to reset the technical indicators, potentially paving the way for a push towards $14 and beyond. In conclusion, CCC Intelligent Solutions Holding Inc. holds promise in its chart patterns and technical indicators, making it an interesting stock to watch. As with any investment, prudent risk management is advised, but the potential for exciting price movements in the coming sessions is certainly worth keeping an eye on. Personally, I don't know if I'll give this stock another look, but I'll try to keep the prices update on my site, should it really start to get away from this chart. But overall, be careful, sell fast, and possibly try to enter a short position, it's a pretty nice setup, with limited but very real risk. Analysis does not take any fundamentals into account. I've never heard of this company before. Nick Yolo to the Moon
NASDAQ:CCCS
by nicktussing77
SPOT EARNINGS CHART - SPOTIFY TRENDS SPOT chart for earnings. IMO, it probably see a rejection around 152ish and then drops down to buy zone 1. After buy zone 1, the return takes it back around 142-147. Due to the nature of earnings, we could potentially see the drop to 126 all within the AH Earnings potentially takes it down all the way to 102. It's hard to say that earnings pumps, and the reason for that is due to the tech sector. Most tech stocks heading into earnings look like a small pump, followed by a decent sized retracement. Potentially this, it would allow for some great movements, and trade setups.
NYSE:SPOTShort
by nicktussing77
Grand Finale: Wave IV Scenario (Update)This has been a grueling past 6 months trying to complete this corrective Wave IV before beginning the final motive Wave V of a 13 year bull market. Bulls and Bears playing mid-term options have been punished continuously for staying too long. I think it is important to keep the bigger picture in mind here - i.e. SPY will very likely make one last All Time High before entering a bear market. If you read the headlines of mainstream media you'll probably contest that we are already in a bear market because there was a 20% decline off the Jan. highs; however, the mathematical basis for such a definition is unsophisticated. But I am not here to argue the nuances of bear market definitions, rather, to provide a scenario that could unfold over the next couple months to provide a dramatic exit from this corrective Wave IV and on to new ATH by end of 2022 or early 2023. What I am seeing is a WXY double combo, currently trying to complete Y via an expanding triangle. I understand expanding triangles are very rare; however, SPY has been trading with characteristics of such, and expanding triangles are observed in environments of extreme uncertainty - so for me the math and the logic align with this possibility. What does this mean near term? Swing City. Huge 40-60 point swings that I have provided an estimated road map for in the chart above. I will be taking this one leg at a time, as there are layered conditional probabilities dominating the dynamics of the successive expected legs of this scenario (and the sub-waves there within) - so updates along the way will be warranted. Initial Expectations : - dead cat bounce early this coming week to the 406-408 level to test the bottom of the channel that formed last week around leg (c) on the chart. Point initial target 406.91 . This would form sub-wave b of leg (d) and mark a 0.618 retracement from the low Friday, 6/10, which was potentially sub-wave a of (d). Statistically, the move down at the end of last week put SPY in a very over-extended position to the downside and left a gap from 395.78 - 401.44 wide open. At minimum I would expect gap fill, but a perfect trap would be continuation to test the bottom of blue channel - and the latter would make more sense based on the ratios of the sub-waves of realized legs (a-c). - high probability of rejection around 406-408. Rejection around the gap would have the same consequences: i.e., sharp downside to the 362-372 range (lower boundary of expanding triangle. I could see the initial dead-cat bounce to 406-408 unfolding into the FOMC next week around 6/15 (also a Supermoon that day so high volatility to be expected), and then harsh sell off to complete leg (d) by end of June. My point target for leg (d) is 364.49 . Projecting beyond the point of leg (d) is speculative based on the general structure of expanding triangles, but if leg (d) plays out then I think the probability the remaining triangle completes increases significantly.. so I'll just give approximate forecasts for now. - following leg (d), given (d) is realized within the vicinity of expectation, I would expect either a 3-count sub-wave up to around SPY 424, or an impulse (dashed projection) up to around 429-430 to form leg (e) = B of (Y) of IV. Such a move would be an explosive reaction to the sharp downside from expected (d) that would indubitably make us oversold af. Side note*: observe the candle back on May 13, it essentially carved out the levels pre-determined for the gap that was formed last Friday, 6/10.. pay close attention to price action around those levels in the days/weeks to come. - in the event leg (e) is realized in either of the cases above, there would likely be one final leg down to form C of (Y) of IV (and ultimately complete corrective wave IV. Time to completion is speculative at best from here still, but probably around August 2022. By this time everyone will be confused af after getting whipsawed both ways with the huge swings of the expanding triangle, but if you believe me that this is possible and actually the most probable scenario that I see from here, you'll be like "oh... I C (Y)...IV." If you think they'll be mass confusion at the completion of IV, just imagine the reaction when immediately following this completion SPY begins wave V and takes off to new All Time Highs in the 500s. Don't guard the man, guard the ball... ball never lies. Regards, Coach Phil Jackson P.S. watch out for those Bulls in transition #23
AMEX:SPY
by JerryManders
13
Witchcraft: Grand Finale UpdateSee Chart and Previous Idea. Can refine to more precise expectations from here, still just approximates. Near-term downside risk still to 362, but probability favors technical bounce from here which could trigger a squeeze... and if SPY wants to bounce exactly at the bottom of the expanding triangle I drew in, chances are it will continue to respect it 4 legs in. I just used an If-then statement conditioned on leg (d) being realized at today's low and a gap fill to 389.75 occurring following FOMC. From there I populated most likely path to (e) via Elliot Wave mixed with Witchcraft. So, something like: 370.59 -> 389.75 -> 380.54 -> 411.55 -> 397.72 -> 429.67.... -> 385.15 ------> breakout of expanding triangle at 444.29 later on in 2022. The pasted image of the 5min SPY chart is zoomed in at the price action, thus far around the visible span of this supermoon (closest orbit to earth will be tomorrow at 7:24pm.. FEDS be spookin'). It implies a local downtrend line was broken going into close, we still need to get back above the red downtrend line at the higher time frame around 379-380 to attempt first gap-fill. My gf sent me the screenshot of the moon thing and says we're going to moonwalk.. shes a witch. The (W) C above the pasted image, that stands for Witchcraft. I hope I see you all on the moon by end of June, else pray for my soul. Imperio, HeWhoMustNotBeNamed P.S. The big money doesn't know Occlumency
AMEX:SPYLong
by JerryManders
33
Howl @ The MoonI posted a bullish idea for SPY (linked) where I did not go into detail about the wolfe wave - I am seeing major confluence with EWT, wolfe wave projection, bigger picture downtrend resistance, target via an indicator I love called "ADX Breakout", and time series forecast for both SPY and QQQ . There happens to be a full moon (a SuperMoon actually) on Tuesday Morning, June 14th, so if a Wolfe Wave gets us to intial target around that time that would be interesting. I'm not going to use any moon phase analysis here, but there is something about the moon that does in fact influence investor sentiment, albeit indirectly, though I am not expert on that subject. This post zooms in on the Bullish Wolfe Wave and is intended for both price action projection near term and education purposes (I don't see many posts covering wolfe waves though they can be $$$ in making seemingly contrarian calls, such as this). In my counts I am using <1,...,5> for the Wolfe Wave and conventional EWC (Elliot Wave count) based on the degree. Overview of Wolfe Wave (WW) : Occurance - An uptrend channel for a bearish Wolfe Wave - A downtrend channel for a bullish WolfeWave -Horizontal channels for consolidating price periods Rules Wave 3 and wave 4 remained in the channel created by waves 1 and 2. Wave 1 and Wave 2 are symmetrical with waves 3 and 4. Wave 5 goes above the trendline created by wave 1 and wave 3 for a bearish pattern. Wave 5 goes below the trendline created by wave 1 and wave 3 for a bullish pattern. Regular timings between waves. It means that the time taken to complete one cycle for the waves 1-3-5 is equal. We can see in my chart that QQQ fits the bill here. There is a signal use to confirm wave <5> called "Wolfe Waves Signals " (Props to @NXT2017 for creating this wizard signal). I like it because it doesn't give frequent signals so when it occurs it is generally the real deal if the chart setup fits the bill. Confluence - EW intermediate count w(4) = WW <5>; projected w(5) aligns with the <1-4> projection at the expected time such that there is perfect symmetry with time between waves (see date ranges on chart). This sets up for an initial target of 317.90 by 6/13/2022 - EW primary count circle 3 aligns with the WW EPA @ ETA - EPA is the estimated price arrival, ETA is estimated time arrival and is established as the point in time where the WW support and resistance lines intersect. The level that these intersect is an equilibrium point where supply = demand; notice that E (expected <5>), w(4), and circle 2 all will occur right around this equilibrium level if we do in fact see a bounce from here and this plays out. This confluence gives us a Target of 341 by 6/29/2022 , and this is also the level of an "open long" target using ADX Breakout (not included here, there is already a lot going on didn't want to crowd the chart; also this target is at the 4H time frame, which actually makes sense with the time to target here). My time series ARIMA(0,1,0), p=0.23, upper 80%-95% PI for June 13 is 319.69 - 324.88 so the 317.90 initial target is reasonable, statistically. My upper 80-95% for June 27 is 334.90 - 348.14, so target of 341 is plausible as well. - The downtrend line through the 11/21/2021 high and the 3/29/2021 high is the red line visible in this chart... so for those that have doubts about WW or EWT you can think of this projection as merely a test of downtrend resistance, which is very plausible considering how much time we have spent down in the gutter attempting to end this corrective wave. The yellow path is illustrative, expecting an impulse from apprx. yesterday's low (i.e. <5> & (4) & circle 2 on chart) toward the initial target (i.e. (5) & <1-4> resistance). From there we will see an intermediate ABC corrective wave that will also serve the purpose of re-testing the WW upper channel to ensure old resistance has become support. After that I just drew a straight trajectory to the target at 341 (i.e. circle 3 & EPA @ ETA), however, this will either be a diagonal or an impulse - I'll update with expected levels is this plays out to intermediate (C). Sincerely, Not Jacob Black
NASDAQ:QQQLong
by JerryManders
1
Dogecoin Long Price Target ConfluenceDoge on the 4 hour time frame, I have identified multiple patterns, (each one is indicated on the chart in different colors.) These patterns have very similar price targets Which makes me more confident in potential success of my trade set ups. Indicators: 200 EMA (red) 50 EMA (green) The 50 EMA is currently holding down the price, but a break above it should allow the price to hit the top of the ascending wedge (yellow) Which is inline with the 200 EMA (the next resistance) The patters I found and their price targets are: #1) Ascending wedge (Yellow) - Price target: $0.1915 #2) Descending Triangle (Purple) - Price target around $0.1960 #3) Descending Triangle (Pink) - Price target: $0.2200 #4) Double Bottom (Red) - Price target: $0.1890 The first trade could be taken once price breaks above the 50 EMA (green) - Price target: at the top of the yellow wedge ($0.1540) - And a stop loss trailing the bottom Support Line (Bottom Yellow line) The Second Trade: Enter Long If and When: - The price is above 200 EMA - And the Ascending wedge is broken out of (Turning $0.1540 into support) Stop Loss: - Under the Support zone: @ $0.1495 Take Profit: - Between $0.1875 and $0.1960 The Third Trade: Enter long: - once $0.19 is broken and becomes support Stop Loss: - $0.1795 Take Profit: - Between $0.2150 and $0.22 Not financial Advice Please leave a comment if you have anything to add, I would like to hear your thoughts.
Long
by NicoDaCheeko
Bitcoin can go either wayHello Friends! Here’s a new look on Bitcoin’s daily chart. Unfortunately it’s still on a downtrend. For a bearish case if it continues to stay in the downtrend channel and creates lower closes, I see these as possible price targets: $40500 $35000 $30000 For the bullish case it needs to close above $45739. If that break happens, I see a few bullish price targets: $48778 $52382 $59211 As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!
COINBASE:BTCUSDShort
by MoneyFishing
Dogecoin Long (Daily Chart Pattern)Daily Chart Descending Triangle Pattern: -First Breakout was on Jan 10th -Retest of support line was successful -> (Jan 22nd- Jan 25th) Multiple levels of resistance must be broken, First Major Area of Resistance: - Between $0.198 and $0.275 Next Major Area of Resistance: - Between $0.35 and $0.43 Strong Support Area (as of Jan 26): - Between $0.095 and $0.16 Price Target #1: around $0.55 Price Target #2: Between $0.69 and $0.80 Previous All Time High: $0.74
Long
by NicoDaCheeko