gamestop cup and handle whats next?this isnt the strongest pattern for vull continuation, but if it does follow through i expect well see $25 soon. if we dont continue the pattern ill look for a pullback to the $21 region. the stock seems like it is ready to make larger swings now that its held some form of a daily to weekly uptrend. were still battlign a bear trendline of resistance since the last large monthly move and subsequent volatility, but it seems to be subsiding somewhat.
im looking at curred dPOC as the pattern pivot, and if we hold that level forming a range above open id look for the next market structure trailing stop area/VAH region to take profit long. if we break fown below dPOC and form bear momentum under the mPOC id look for lower POC and VAL to take profit short.
Stonks
CNVS LONG TERM HOLD PAYING OFF. Looking forward to staying above 2.74 heading to test 3.94 with the momentum. ER COMES NOV 11 they continuously make revenue yoy and have been a positive company thru dark times of covid and stock market reset. Held thru and avd down !
Levels to stay above 2.70
Future tests 3.94 , 5.06
Onward to the volume held on at 10$ potentially with a insanely bullish run.
There could be a deal in the making, not sure but there is massive momentum. Looking to take profit at 4.20$ if trend continues but holding most of the shares for closer to nov 11
Retest Complete. Dollar Should Continue Down Again.There's that retest to the underside of my pink line that I was previously expecting. As you all know from last weeks video, I was a bit surprised we didn't get it at the time I was making the video. Well, better late than never. This is a perfect retest. Though, the dollar could hover on the underside for a few more days, I expect that by mid-October you'll see the trend continuation down as we head for that very important, very old trend line coming all the way back from Orwell's 1984. Blow-off top in the U.S. stock market should continue until then. If so, crypto will follow.
Gamestop WatchGME is the most talked about name in the market at the moment with the roaring kitty saga. We have it on high watch. Our premium indicator nailed the initial move and gave two blue continuation bars which captured the last move.
Although we believe the "squeeze" is likely through, we will be watching for another continuation setup to punt over the next week.
GME Bullish Setup Jun 6-7th Update#GME had a very strong close today, hitting my Main Target box to the penny!
#TTR was long #GME (again) from $24.54, we are 50% out today, near the highs, holding the rest for Friday.
#TTR was also long GME from $13.01 and we exited the most at 64.54, 57 and 51 on the main gap up day!
#TTR is also long #AMC, all the targets were posted
Tesla TSLA DailyTSLA seems to be bottoming out on the momentum indicators, this looks like it will delay the 100 level test in which supposidly Elon will get margin called at if it were to break. I can see this getting delayed for another week, or perhaps it will bottom here then and form a lower high and restest 100 closer to june/july.
Alibaba - BABA long with $120 targetYesterday the community entered a long on BABA after we backtested a key level of significance and the falling wedge as support.
The chart is prettty good, a completed harmonic below support, spring and break of the falling wedge to get above support before backtesting that level as support once again, whilst at the same time showing bullish divergence... No need for anything else.
We entered with 5x leverage at 83.43 and the profit taking levels are defined. Tomorrow is earnings and so this is a risky trade, earnings is like the lottery and does take your edge away as we witnessed with Spotify. However, we follow the charts, and they suggest upside.
120$ THIRD TARGET -- LETS GO
Will we get the holiday pump in crypto?Traders,
Historically, heading into a holiday weekend has been positive for stonks and crypto. Will this bullish pattern remain consistent? I am getting conflicting indicators. In this video, I will show you what I am looking at and we will browse through a few of the altcoins on my list. I will show you a few that I am attracted to and tell you when I plan to enter into some of these trades.
Stewdamus
DXY, VIX Down = SPY, STONKS UP. Blowoff Top Continues!Traders,
It has been an amazingly bullish last couple of weeks both in the stonk world and in cryptos. In this video I cover what has occurred from a technical basis and what I think the charts are now showing us. In short, stonks look to continue their upward trends but crypto is less certain. I also wanted to explain why I went short on a few trades. What was I thinking then and what I am thinking now? Was I too early on my entries or just plain wrong?
Stewdamus
Short NVDA to $317?Traders,
Couldn't help it. Far too enticing to ignore. NVDA price will be attracted to that $317 level like a super magnet. Not only do we have a H&S pattern now in play, but we have that huge gap to be filled. I mean, trades like these don't come around every day! It's a no-brainer here.
Not fin advice. Pure entertainment only.
Stewdamus
SPY Has Now Hit Its Target Down of 410. Now We Bounce.Traders,
We have been watching for this target to be reached for a few weeks now. Today we hit it. And just as I suspected, our RSI cooperated and synced with the price support, hitting its support at the very same time. Strong support in price levels conjunctive with strong support on the RSI means that the probability of a bounce next week is highly likely.
Best,
Stew
SPY 410 Target Now ConfirmedTraders,
A couple of weeks ago you'll remember I expected a bounce off of our 200 day SMA which coincides with the bottom of my channel, making a strong area of confluence and support. But I wasn't sure if that was the end of our drop? Turns out, after testing the underside of our neckline for a patent classic retest, we have now broken below the 200 day SMA and channel. Tomorrow will provide confirmation. As of now, I will say that our $410 target down is certainly in play. And look how it coincides with the RSI! We should hit 410 right about the time the RSI is also finding its support on our long-trending touch and go.
Best,
Stew
JD Options Ahead of EarningsAnalyzing the options chain and the chart patterns of JD prior to the earnings report this week,
I would consider purchasing the 37.50usd strike price Puts with
an expiration date of 2023-8-18,
for a premium of approximately $1.99.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.