FiboTrader1

FiboTrader1 Sep 29, 2024

META rejected the 1.618 fib extension and is expected to retrace. First target is 534-526

FiboTrader1 Sep 9, 2024

NVDA appears to have completed 3 waves down, so looking for a retrace to 118-123 over the next week for wave 4, then a final plunge to $80 for wave 5

FiboTrader1 Sep 8, 2024

APPL will be in wave 3 this week. Expecting much selling throughout the majority of equities this week. PT 201

FiboTrader1 Sep 7, 2024

More selling is expected in the market. We may get a bounce early in the week if wave 3 is not finished, but I am expecting a hard gap down sometime next week to complete Wave 1. From there, we will get a sizeable rally probably going into rate decision. After that, a MUCH larger series of selling in October or November.

FiboTrader1 Sep 7, 2024

Expect selling to continue for AMD and look for a break of the support. Looking for a gap down next week, then a small rally before selling continues. When 125 is broken, 100 is next target.

FiboTrader1 Sep 7, 2024

NVDA is almost to the end of Wave 1 of Wave C. From there, NVDA will climb to as high as 122 - 130, before starting the biggest sell off in October or November.

FiboTrader1 Updated  Sep 2, 2024

SPY finished Wave 4 down and is starting Wave 5 Up. Price Target 568

FiboTrader1 Sep 1, 2024

Walmart can go as high as $78-80 before correcting. PT 67

FiboTrader1 Aug 28, 2024

Seeing that Wave 1 was an $18 move and Wave 5 typically is the length of wave 1, I am revising my upside target to $141 from $136.

FiboTrader1 Aug 27, 2024

AMD finished Wave 4 down and is starting wave 5 up. PT 166

FiboTrader1 Aug 27, 2024

META has ended Wave 4 is about to start wave 5 up. PT 546

FiboTrader1 Aug 27, 2024

QQQ completed Wave 4 down and expecting final Wave 5 to place QQQ at 490-494

FiboTrader1 Aug 19, 2024

TGT is about to end Minor Wave 2 of Intermediate Wave 3 of Major Wave 5. Earnings will bring this stock down to between $123 and $109 for the end of minor wave 3 before a small bounce into minor wave 4.

FiboTrader1 Aug 19, 2024

TSLA has been camping in this wedge which began September of 2022. It is currently in the dead center between resistance and support of this wedge, so I am looking for a direction towards either of the lines drawn for the opportunity for a breakout. I am currently long term bearish on the market, so I'm expecting a move to the downside support and a potential...

FiboTrader1 Aug 18, 2024

NVDA has developed the most clear wave structure of the stocks and indices I follow, so I'm using NVDA as a standard for the overall market wave structure. Wave 2 is an ABC pattern on the 1HR with A finishing at 108.80 (Aug. 7), Wave B at 98.69 (Aug. 7) and C finishing around 127 (if not finished). I have calculated Wave 3 or 5 (depending on the length of 3) will...

FiboTrader1 Aug 17, 2024

Eli Lilly is the one stock I've made the most returns on this year. With it's violent up and down swings, it's exactly what you look for as an options trader. As I've been observing LLY over the last few weeks, I decided to go back in time again to the origins of this monstrous parabolic move and share it with you all. If you look at the smaller time frames, you...

FiboTrader1 Updated  Aug 17, 2024

AMD is having fighting against resistance at $140 and has a very clear wave structure. Wave 1 began March 8 and fell to $142 where Wave 2 began. Wave 2 ended on July 15 and and wave 1 of 3 ended on July 30. I believe wave 2 of 3 has ended (or is close) and wave 3 of Wave 3 is about to begin. PT 1 is 109, PT2 is 88. This upcoming wave will see the most selling AMD...

FiboTrader1 Aug 16, 2024

Earlier in the week, it appeared that we were preparing for a Wave 3 down. After this sharp V shape recovery, I am changing my stance. Instead of a wave 1 and 2 completion, I'm seeing this as an ABC corrective wave. The movement from Aug. 5 until now is showing a completion of wave 3 of wave 1 of wave 5 complete. I'm expecting a retrace for wave 4 to the 0.382 fib...