pretty large bearish pennant.. Expect the market to follow the direction the Dow Jones transportation and also the Dow Jones industrial take.
I expect a correction to the primary 4th wave of the larger 3rd.. This is going to take a long time to complete specially when we are going sideways for upward corrections and the primary waves 1,2, and 3 downward. If E doesn't hold expect these targets to get hit. If sooooo this correction is going to take us into the mid to end of 2019 to complete.
7,680-7,436 is when I am going to get interested.. Or a clear break over the 3rd wave if it is done correcting which I doubt, but in trading you need be ready for anything.. Over 9k for the 5th wave 9.300-9,600 target and if so big bull run after a correction of those 5 waves
If so could go either way since they are Reversal or continuation patterns which makes them tricky to play.. Could be a pennant, but if soo it's a continuation pattern and we will remain bullish. Theirs no doubt about it I am routing for a bear market.. I just see it as a healthy correction is due way too many ending diagonals in the S&P500 and in my opinion we...
TSLA has a good amount of time setting up for this move just waiting for it to finally breakout just be patient and it should be a nice play.. I'm waitting for the 50 and maybe the 618 to get filled. Also look it all depends what SPY, SPX, or ES do so keep a eye on that, but I think TSLA should hit the target before the index correct farther. This is what is on my...
buy zone to go long 109-72.50 still stands wait for the cross if you want confirmation to go short.
crypto about to get real cheap.. Let me know when we get under 4k bears fully in control
bullish pennant flag.. 3rd wave setting up nicely
let's see if it finally hit's E long for now..
long until it hit's resistance once NVDA hits upper trend line.. Go short
abc and 5 waves up to d is how I think this will play out.. Just my thoughts.. 5th is coming soon
5th waves are a bit unpredictable they can be truncated, normal, or extended, but so far TSLA has hit it's targets so be careful.