NIO Recharged?(NYSE:NIO) NIO Limited designs, manufactures, and sells electric vehicles in the People’s Republic of China, Hong Kong, the United States, the United Kingdom, and Germany. The company offers a range of electric SUVs. It is also involved in the provision of energy and service packages to its users; marketing, design, and technology development activities; manufacture of e-powertrains, battery packs, and components.
2 Scenarios im looking at currently.
Bullish Outlook:
- Potential Bull flag Pattern forming
- Still in Uptrend
- Sitting on Daily Support
- Daily Support is aligning with 0.5 Fib Retracement
I'm waiting to see if Support holds and reaction from Uptrend, Bull flag validation relies upon upper downtrend trendline breaking.
Bearish Outlook:
If Daily Support fails and Trend Breaks then I'm looking to see what happens at EQ 48.94
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
Trendbasedfib
Botanix: Strength to StrengthBotanix Pharmaceuticals Ltd (ASX:BOT) is a clinical stage cannabinoid therapeutics company. The company focus is the development of safe and effective topical treatments for serious skin conditions. It has an exclusive license to use a proprietary drug delivery system - Permetrex for direct skin delivery of active pharmaceuticals in all skin diseases. The company's product pipeline includes BTX1503 - Moderate to Severe Acne, BTX1308 - Plaque Psoriasis, BTX1204 - Atopic Dermatitis, and BTX 1701 - Mild Acne.
Bullish Outlook:
- Trending Bullish within Upward Channel
- Double Bottom off Support
- RSI not Overbought
- TB Fib Targets Achievable
- Positive news should see this continue trend
Trading.
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
LKE Strong TrendLake Resources NL (ASX:LKE; OTC:LLKKF) is a clean lithium developer utilising clean, direct extraction technology for the development of sustainable, high purity lithium from its flagship Kachi Project, as well as three other lithium brine projects in Argentina. The projects cover 200 sq km in a prime location within the Lithium Triangle, where 40% of the world’s lithium is produced at the lowest cost.
Lake Resources looking bullish:
- Strong Uptrend respected
- Previous targets complete
- Bullish Channel confirmed
- MACD Bullish
- RSI Trending Bullish
- Bullish bounce of .328 Fib Retracement over last 2 days
- Bullish Buying Volume
- Market Structure currently Bullish
Bearish Move:
- Im expecting some Bearish action as traders take profit, RSI is slightly overbought. Consolidation within channel is possible.
Watching Closely
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
Raiden Recourses looking BULLISHRaiden Resources Limited (ASX:RDN) is an ASX copper-gold exploration company focused on discovering large scale mineral deposits in the world class Tethyan region of Eastern Europe. Raiden operates in low cost and mining friendly jurisdiction’s which remain underexplored, seeking to systematically apply modern exploration techniques to discover Tier 1 projects.
Bullish Outlook:
- Falling Wedge Continuation Pattern
- Bullish Break of Downtrend Trendline
- Fractal and TB Fib Extension Targets Aligning
- Volume returning
- Fundamental News as Exploration Begins 09/12
Bearish notes:
- Unclosed GAP 0.023-0.025
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
PAN Cup and HandlePanoramic Resources Limited (ASX:PAN) is a base metal mining and exploration company headquartered in Perth, Western Australia with a 20 year history of mining and expertise in nickel, copper and cobalt sulphide projects.
Is PAN ready for a Cup and Handle Breakout? Technical Analysis as below.
Bullish:
Cup an Handle Formation
Bullish Market Structure
Trending above the 20MA
RSI trending above the 50 level
Cup & Handle target aligning with other targets
TB Fib Extension Final Target aligning with other targets
Fib Retracement .382 aligning with other targets
TB Fib Extension Target 1 looking achievable on the break
Bearish:
2 levels of support are indicated if we fail completion and reject off resistance.
Exciting future for all Nickel mining operations as global demand will increase due to its uses such as Batteries and other Electrical Apparatus.
Watchlist worthy.
Disclosure: Held. Sentiment: Bullish.
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
Bitcoin revised running flat countMorning Traders
My primary bullish macro count for now. Can definitely see this playing out. Running flat correction (3-3-5) where we get a 1:1 (a):(c) extension to complete B like we had for A.
Targeting $15.5k in Q4 2020 for this final leg up before the next downtrend to complete finally a macro wave 2 sometime next year.
Locally, this is what I'm expecting from here:
Is HTGM just full of ABCD patterns?HTGM on the 1 hr chart. I swear this ticker is full of ABCD patterns!
I am learning to identify ABCD patterns, and i am hoping my observations are accurate here.
I see a large ascending ABCD pattern leading to a huge descending ABCD pattern.
At the bottom I see a small descending ABCD pattern, which appears to be starting its upward movement.
I have setup 2 fibs, extension and retracement, both showing potential PT range of 3.50-3.90 with 3.75 looking very doable.
Hopefully I am right because I entered this thing at 0.3094!
Let's see how it goes!
TLGT: Showing me its round bottom?TLGT on the 15 minute chart in order to watch it move.
I see a rounding bottom, but I swear I just see that everywhere nowadays.
The fibs, retracement as well as trend-based extension, show a range of PT's above 1.44.
Seems a good PT range is 1.54 -1.62 for lower end, and up to 1.70 for higher end.
Anything beyond those levels will require quite a bit of volume and buying pressure.
Let's see how this plays out!
BTCUSD Bear scenario -No Bull run yet (bull scen @ my profile)Hold your horses. I also have a bull scenario which in fact is already took effect.
Tho this is subjective. This type of diagonal which I assume is ending should be found between wave 4->5 OR Wave B->C. Or probably a leading diagonal but a 53535.
As long as we break above the resistance area which is on wave 4. THIS FORECAST WILL BE INVALIDATED.
XAUUSD | H4 | BULLISH — Back to Nursery.Analysis —
XAUUSD | H4 | BULLISH
Target @ 1311.50
This is the 100.00% Fibonacci.
This analysis has been established through our trend-based Fibonacci.
In addition to this is a classic example of a bullish pennant — a pattern every trader must memorise in Forex nursery school.
The price has been in consolidation amongst the 50.0% Fibonacci;
This key level has not necessarily shown much reaction yet has still proven to be a key zone.
In order to fulfil our target we must close above the resisting trend-line of our pennant,
We may expect a stop hunt re-testing the resistance turned support after a clear move has been made.
If a rejection occurs the price shall retest the support of the pennant.
Thank you.
USDCAD | W1 | BULLISH — Ready to fly?Analysis –
USDCAD | W1 | BULLISH
This is a potential 175+ pip setup.
Our analysis has been produced from the Trend Based Fibonacci.
The methodology has been reciprocated with price action since April 2016.
The price has now reached our 78.6% retracement .
The weekly candlestick has closed above this level which exhibits a rejection.
This analysis also offers confluence in terms of a positive correlation coefficient to neighbouring USD pairs.
Therefore, we foresee bullish momentum with a potential re-test at the supply / distribution zone; at the 1.332XX key level.
After this level has been tested we shall expect price to reverse forming an Elliot Wave downtrend.
Please note this is not financial advise.
Thank you.
USDCAD | W1 | BEARISH — Who wants 600 pips? Analysis –
USDCAD | W1 | BEARISH
This is part two of our analysis,
The original can be found here –
Sell @ 1.33300
A CRAZY 600 PIPS IS ON THE LINE.
Our analysis has been produced from the Trend Based Fibonacci.
The methodology has been reciprocated with price action since April 2016.
The price has now reached our 100% retracement;
This is the supply / distribution zone at the 1.33300 key level.
This analysis also offers confluence in terms of a positive correlation coefficient to neighbouring USD pairs.
After this level has been tested we shall expect price to reverse forming an Elliot Wave downtrend.
This is an early signal so please do not enter yet!
Keep an eye on the price and when the time is right then enter.
Please note this is not financial advise.
Thank you.
A Beautiful BITCOIN Chart - WIll D4 Be Right This Time??Dear Friends And Followers!
D4rkEnergY can be arrogant and cocky! He knows. He has been right almost every single time the last couple of weeks, but the last 2 BTC-charts were wrong. -And don't get him wrong. He will admit when he isn't right - that is part of trading!
Let's jump in and take a look at this 4H BTCUSD Chart - It's pretty interesting in fact.
We are most likely on the 4th Elliott Wave Retracement and are in the process of an ABC-correction.
A-Wave: Leading Diagonal (33333)
B-Wave: Zig-Zag Structure.
C-Wave: Always consist of 5 Waves (as you can see if we look at it from a classical charting point of view, we should soon go up according to the descending wedge we are in)
This whole ABC-structure is a Zig-Zag (535) Structure. According to Elliott Wave Theory and Fibonacci Ratio Relationship we have some rules, which match my prediction so far:
- The B Wave is 85.4% of wave A, which is allowed.
How Do We Find The Target:
- The C-Wave has to be at least 61.8% of wave A, which should shoot us up in 4,235 USD, which once again also match price resistance and looking at the Volume Profile.
I promise to update you shortly if/when we have confirmation on a 1st sub wave on C!
I hope you liked the content - please leave a LIKE!
-D4 <3
BITCOIN: Corrective Waves - Now Leading Diagonal - Up, Up, Up!Dear Friends!
It's way past my bed time here. So I'll do it quick - Sometimes it's just better that way.
- Correction Triangle (ABCDE) 33333
- Now most likely 1st Wave Leading Diagonal (3rd subwave 1-1 ratio with the 1st subwave)
- Bring the popcorn
Watch it play out! Good night!
- D4!
EURAUD (Gartley Pattern) - 15 min ChartConfirmations for Gartley Pattern
- A-B must touch 0.618 but cannot touch 0.786
- B-C must touch 0.236 but cannot exceed A
- D completion at 1.272 (Trend Extension) or 0.786 from normal measurement
- First TP at 0.618 (Fibonacci from D-A)
- Second TP at 0.382 (Fibonacci from D-A)
- Third TP would be back to where it all started
Good Trading.