Squeeze
AMC Technical Breakout incoming.I'm new to charting and to TA in general, as well as the entire market, only been in it for about 9 months. Just started learning TA about 4 months ago, so bear with me. But, as seen in my chart I do see a major technical breakout incoming, it should break this wedge on the 4th test upwards of the resistance line, break it hopefully, and upward skies from there!! not too, too many resistances holding us back from mooning if we break these next two resistances! Any and all advice, opinions, or comments are welcome, just no hate, don't got time for that. Thanks y'all :)!
GME Summer (Daily Candles Analysis)This is my first attempt at making a future prediction using chart analysis. I would love opinions and feedback. I am not a professional, I have only been doing this for a year or so and I have no education in finance.
I think you will see GME continue on its new uptrend through the summer with a huge breakout towards September/October. I think you may see it hit near $111 in the near future. If it fails to bounce off of the $110 range then I would expect it to drop back down to test its main level of support around $80.
If it finishes the other half of the cup and handle, the I would think it would reach $250 before you see a retracement to begin the handle of the cup.
GME looks strong and I am excited.
SPY Wave Theory Update: Impulse Wave CompleteAs my previous post regarding wave theory analysis of SPX, it seems that impulse wave defined by B (White Secondary Cycle) has seemingly reached its peak.
My analysis is inferring a "Double ZigZag" corrective pattern following the end of our primary cycle represented by Yellow path.
Double ZigZags typically retrace anywhere from 0.50 to 0.79 Fib levels in respect to its primary impulse wave upwards.
Highlighted boxes show both BEST and WORST Case scenarios for this pattern to reach its finale, once bottomed, our final corrective wave within the zigzag would be shown as "Y" (Yellow Primary Cycle)
Using solely wave theory to find bottoms and corrective patterns can be difficult which is why I look for confirmation elsewhere, such as declining volume as price rises which we can see has happened in our most recent impulse wave B (White) , as well as RSI topping out in respect to its trendline, further confirming the trend.
Next zones to watch are Fib levels between 0.50 (3500 SPX) , 0.61 (3200 SPX) and 0.79 (2800 SPX).
Refer to my previous post which I included as a related link for further explanation.
PDS $ ALERT Tuesday we need to hold above our current support the 57$+, and above our EMA, to confirm the reversal and continue to go to test the Resistant at 120$,
if we didn't hold above the 57$ support , we will be still in bullish trend as long as we hold above our ascending line which is above the 45$.
INDO $ Bottom Areawe broke our triangle down , however we seeing a strong buying pressure above our current support the 6$,now we going to retest our Resistant around the 9.455$, and if we got rejected, we will continue to go down to retest the support 6$, and if we did't hold, we will see the price go to the bottom price level for this year above the 3.40$.
and if over come the resistant 9.45, we will see a reversal in the bearish trend , and the 6$+ will be confirmed bottom for this year .
AMEX:INDO
Nasdaq 100 reclaims its May lows with positive moment divergenceThe Nasdaq 100 is one of many examples this week that saw a surge back over its May lows, with positive momentum divergence.
We're still in a primary downtrend, so nothing has changed from that perspective, however, with overall market sentiment in the dumps, squeezes like this can be quite extreme.
RDBX $ Target Level'swe entrained a consolidation mode the moment we met with our RS level around the 13.50$, and holding above the current support above 9$+, which show us that there's a balance between the selling pressure from above and buying pressure from below, we will confirm the strength of either side by over coming the resistant above 13.50$, which show us the potential squeeze at 18.00$, and going to the 25$ price target , other wise we will see a sell of the moment we break the 9$ SP, and going to the 5$+ SP, and confirm the short control .
NASDAQ:RDBX
BTCUSDT PRICE SQUEEZE + QQQ CORRELATIONImportant things to note:
This is just a small update with small adjustments to my targets.
If you would like me to make a video version of these updates, let me know in the comments.
A quick video overview of BTC and the markets would be easier for me to put out more often via video.
We are currently going on our 9th red week and I have to be honest, I just do not see another down week happening.
Price has been staying in area of interest and squeezing.
QQQ correlation has been falling daily since May 12th.
I have adjusted the price targets by a small amount.
The Volume we had on the drop across all markets is significant.
I have also adjusted the symmetrical triangle to account for the price movements.
It would make sense that the price would squeeze higher and test the trendline.
I expect the trendline test to get rejected due to the overall bear market.
Tightening starts June 1st which would spike the price is the market shutters.
Hey everyone! I just wanted to give you a quick update since I have adjusted a few things and have looked at the overall market during the weekend. Also, it would be easier on me if I could just make a video update every few days going over the tradfi market, derivatives, crypto and anything else I see going on. If this is something you would rather see versus reading me ramble on, please let me know in the comments. I would still put out charts, but it would save me some writing time. Anyways, so I have been thinking about the fact that we are going on our 9th red week and to be honest, it cannot sustain the same momentum forever. I think this would be a good time for the price to squeeze upwards towards 33k while simultaneously testing the trendline. I also expect that the trendline test would be rejected. The lows will need to be tested eventually and that would also fall in line with the fed tightening. I do not expect the market to puke the very day that the tightening begins, but that week or the following week seems likely if the credit market starts to shake. I have also put the downside risk on the chart as well so you know where I expect price to go if things go wrong. I should also note that you can clearly see the correlation to QQQ start to fall little by little. The thing is, BTC is cheap compared to QQQ if you look at the average distribution. So I expect that at these levels, people are going to keep stacking. The volume across all exchanges should also be of note because it was absolutely massive. It is clear the market panicked hard during the last drop, and that makes people oversell. As a bull, that is exactly what you want to see because it creates a price floor that is difficult to break. That's it for today folks! Thanks again and let me know what you think about quick video updates! It will just be me going over things I am looking at currently. Till next time!
So tell me what you think?
Not financial advice. Do your own research.
Hidden Elliot Wave on $AERC - Leg (3)After spending a long time analyzing ticker $AERC, we found some anomalies that may have skewed detection of a proper Elliott wave pattern. The long short of it is that outliers, two events; the massive sale of short exempt shares, and consecutive market crashes caused anomalies in the formation of the Elliott wave pattern skewing it from showing where the move is in relation to the overall movement of the ticker. In short, those events act like a finger pulling down a string or a rubber band "the chart."
On its head the chart appears as though the Elliot wave pattern has completed its (5th) leg and is in consolidation before its next move up or collapse, however several other technical indicators contradict this. When taken into account massive sales of short exempt shares totaling well over 3 million shares in addition to 3 separate market crashes and recoveries of the ticker from the market wide gap downs over the period of only a week, divergence on the on the OBD with the RSI, the stock being on the SEC threshold list, the dips in the awesome oscillator, and finally the move being confirmed with the fibonacci extension hitting and bouncing at the appropriate levels, some of us at HTF have determined a strong possibility that we are in fact finishing leg (3) and preparing to make the move up to (5) before consolidation.
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Home WreckerWhen I was a kid my parents and teachers used to tell me silly things. Like...
"You can't beat the system."
"Don't bet against the house."
...
"Pull your pants up."
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And I went through life... well, just playing video games and beating everyone on every system.
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And then I met GME... so now i'm going to beat the house, with my pants down, and I'm going to bet on it.
That pasted image of the weekly chart... look familiar?? HA HA HA
Sincerely,
Frank Underwood
P.S. this vision came to me in the flames within a dream within a shroom trip within a peyote trip at a campfire within a reservation where its legal (double combos everywhere)
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Getting excited for Silver?So with much elation those that were pumping silver over the weekend cheered a 7% gap open on futures. However, this move fails to break the most recent high. If traders are looking for technical confirmation first then this would be the high to mark as the breakout level. Jumping in at the open Monday would be doing so at a dangerous level.
PETZ $ ALERTAfter revers split 1/20 , we have a new resistant to test and break to stop going down furtherer , which is the 3.50$ RS, if we got rejected , we will go down near the 1$, if we broke it , will go to test the 6$ resistant and first sign for bullish reversal if we closed 4h candle above it .
PHUN Bullish Run If...as you can see we have 2 circle areas, 1 is down above the 1$, which is our bottom to confirm that we still respecting our ascending line, and 2 is up just below the 2$ resistant level, and there where we going to see a massive bullish volatility if we broke it and hold above it .
MULN Bullish Run If...yesterday we tested our resistant at 1.55$ and got rejected, now the premarket testing again this resistant, the one signal for the price going again around the 2$, is breaking the 1.55$, and holding/ consolidating above , which will confirm the bullish momentum to take us to test first around the 1.90$ then the 2.16$, where we going to see another squeeze foe the price if we broke it .
if we opened the market and didn't clear this resist at 1.55$ , we might see the price going back to test the support above the 1.25$, and we need to hold above this support to confirm the bullish momentum, and not having a sell off.
Hope you enjoyed your gains as notified, prepare for more!I predict the stock. I know the stock. I’m 8-Ball for stock :)
I’ve been watching this stock for 17 months. Almost every. Single.. day..
I can say a few things… I confidently understand algos being used. I confidently understand MOASS is tomorrow. I confidently understand apes are unmatched. I confidently understand we can buy more each day and it will still be a good price no matter how many digits..
No cell. No sell.
DRS DRS DRS.
Follow me for more GME posts, to the moon gentlemen. I’m proud to be sharing knowledge on my favorite stock in existence and I can’t wait til we are all as rich as they are, without cheating.
APES FOR THE MOTHERLANDDDDD!!!!
DRS DRS DRS
Check out all of my other ideas for consistently accurate GME price prediction as well as theories and discussions.
LINK TO LAST POST I NAILED 110%
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