Would like to see some type of pullback as we're at a major resistance level and then a resumption towards the $6 target. This is the best fractal I've seen play out and is still on track.
One of the best fractal overlays I've seen with some Elliott Waves to go with it. Price is still in a uptrend but with growing sellers It'll come to an end similar to the last fractal. During the 3rd wave in the last pattern price experienced its first pullback at (B), and its second at correction wave 4 and the third after the last wave before we witnessed the...
Similar accumulation pattern to what we've seen last year December. Price action is holding up nicely above the 150d SMA on a daily TF with bullish closes also sitting above the 8d SMA. Volume is looking very good too with price sitting above the value area. I'm using the fibonacci extension to get a local target of $5.
Price is awaiting a movement towards $18,000 and currently in a distribution phase.
This TA focuses on long term projections using the last fractal pattern and a fibonacci extension to help with finding targets.
Strong uptrend and a similar fractal pattern like the last setup. Price is at the 5th wave and 3rd secondary wave.
Like mentioned in my last copper post price has been holding up very well and is heading to $6. Similar ABC fractal pattern to what we saw in '08 is still valid for this current price structure as well.
Similar to my last gold post we're tracking price using another method, parallel channels and Elliott Impulse Wave. Price finished correction wave 4 and is now on impulse wave 5 that will take us to $3k+ I'm interested in long positions only working with a 30d - MA. This will help with entries and further price movement on the way up.
Long term view on silver is still looking bullish and we can see plays towards $40 after hitting the $36 target based on my latest post with the successful iHnS pattern.
Ideally I would like to see a nice pullback for a short position, not too interested in any longs. Price is still on track to my latest post on this move.
Price seems like its distributing more than looking to accumulate. Trumps inauguration was a market top call.
Price action blew off to a high around $540 and since then closed back under the historical close. The goal here is to see price action consolidate under resistance in the preparation for a major sell-off To invalidate all of this I would like to see more of an accumulation pattern back above major resistance, but if we see an increase in aggressive selling then...
Seeing how price action is weakening over time I could say that bears are looking to take over Would like to see buyers pushup to local resistance to only selloff once again as we head towards $30 in which we will see a pullback trigger occur. When the time is right we'll asses price action again to see if we get a straight drop or a full retracement back to ~40.
TVC:RUT has continued to sell off since my last couple posts and I believe we could see a huge market correction this year if price doesn't look to stop selling. The next play on RUT I would like to see price pullback to the last breakout zone ($2,200) to confirm a continuation in trend This play also looks very familiar to the 2022 selloff with equal highs to...
Short term price action is at a high in which I'd like to see a retracement for a short opportunity. The long term play I would like to buy once price is near $150 to hold towards $180. Last Post *A break below the trendline followed by a retest and rejection would invalidate the trend based on my bearish TA.*
Been a while since I looked at NYSE:JNJ and it looks like we could see a drop towards $120 instead of going up to what was said in the old post. Hourly/Daily price action is at a range high ($168 - $143) so I would expect a lot of selling pressure especially with how AMEX:SPY and TVC:RUT is performing right now.
My latest posts on ETH was to see a falling wedge breakout to the upside when price was trading around $3.5k At the same time I was shorting the pivot points inside the wedge Chart patterns are fine to use here and there but in all realness Market Cycles overpower when using true price action analysis. I had a hunch price would fall lower at the time but was...
NASDAQ:NVDA update on how price action is looking like compared to the last post. We mainly saw price stalling out around $120 after the gap was made, and then a anticipation for movement back to resistance. After analyzing how buyers did over time we expect more strength in sellers as buyers lost a bit of steam and also created lower highs. Could imagine a...