NoFOMO_

NoFOMO_

Is this the end of the final 5th wave? It’s hard to tell. This stock has been a disaster for those trying to pick bottoms. I’m waiting for a sign of strength before jumping in. We may be seeing that as the RSI is slowly gaining strength. Personally I’d like to see it change market structure and take out some resistance levels to the upside. Keeping an eye on...

NoFOMO_

Another stock that broke the neckline, I shorted at the confirmation of the breakdown and I have already hit my anticipated target. This is very similar to many of the stocks I have shorted, or stocks I have waited on before building a long position. Not financial advice. I will occasionally bring you trades before I take them but in other instances I will share...

NoFOMO_

I've adjusted my previous chart on LVMH. I am still waiting for a reaction at the 0.786 Fib. Nothing good happens under the 200 week moving average, so there's no rush to buy this stock. Let's wait to see how the tariffs affect the bottom line and LVMH plans to save it's US business. The Asia segment remains extremely weak too. Not financial advice.

NoFOMO_

Keeping a close eye on this one. Whilst everyone tries to catch the bottom on an ever falling Nasdaq and tech stocks, the market has had far better trades to offer. I traded JDEP as my inverse Coffee play, now I bring to your attention one of the world's leading confectionery companies being affected by cocoa prices. This name is beared the brunt of a cocoa bull...

NoFOMO_

Head and Shoulders pattern confirmed at the breakdown of the neckline at $566. I traded the relief rally in the ABC corrective pattern, which took us up to $764. That is where I flipped short and we are now in the C wave of the corrective pattern. This brings opportunities for long term investors who believe in the strength of the European luxury giant. The...

NoFOMO_

If you follow my trades you know I was bearish US tech stocks before the drop. I’ve recently been selling my gold as it was breaking all time highs. I was positioned in European stocks like Nestle, which I have mostly exited now. JDEP is another swing trade I entered, I still believe there’s more room to the upside here. This was my inverse coffee bean play and...

NoFOMO_

One of the less well known IPOs' from the last couple of years. Strong growth, financials have been excellent, the company is executing and taking market share from their competitors. But there's a big problem - tariffs and possible recession. Consumer stocks will perform very poorly if we fall into a recession. It must be noted the manufacturing for this...

NoFOMO_ Updated 

ARM is way overvalued and the technicals don't look great. Not the cleanest head and shoulders pattern but I see one is forming and it should be confirmed, UNLESS we bounce at the golden pocket. I don't like the bearish diverences on the RSI, so I suspect we will continue to see this fall. Not a whole lot more to say here, be careful with this stock. It's a...

NoFOMO_ Updated 

The market is selling of and we are witnessing a brutal drop on Reddit, arguably the best recent IPO. I fully expect the downtrend to continue. I did warn traders and investors that we will have a large drop in tech, particularly in names like Monday, Tesla. Smart money was positioning in safer names like Nestle, please look at my trade idea for that. I do like...

NoFOMO_ Updated 

Inflation ticking back up. Unemployment increasing. Dollar increasing. Geopolitical turmoil. Contentious elections. And yet the market continues to grind up. But when will the music stop? When is the party over? I'm not making a call to mark the top here but this is setting up for a giant fall. We could continue to grind up to 6000 point, there's no doubt that...

NoFOMO_

Notice the pattern here, the last time we had a fed pivot the market went up for a couple of months and then a huge draw down. History doesn’t always repeat but it often rhymes. We are being held up by the 0.382 Fib, so we are technically still bullish believe it or now. What’s next? If the tariff issues are not resolved we will get a total melt down, the likes...

NoFOMO_ Updated 

Sharing an older chart of my gold long trade, which was confirmed by the cup and handle pattern. A means of exchange for over 5000 years. Nothing can compare to the history and longevity of the world's most durable asset. Currencies have come and gone, but gold remains good and true. Over the last 23 years there has been some excellent opportunities to load up...

NoFOMO_ Updated 

Sofi is peaking its head above the resistance level, held down by two Fibonacci pivot points. I’d like to see it break above $7 with high volume, that would mark the end of many months of lower highs and lower lows. Definitely keeping an eye on this one. I would have liked it to have touched $6 but buyers are stepping in and we are trying to reclaim the golden...

NoFOMO_ Updated 

89k is a key area here, if Bitcoin fails to flip this level I think it’ll mark the end of the bull cycle. This entire move up looks like the final 5th Wave according to my count. This would mark the end of crypto bull cycle. But this could be invalidated if we break past 90k with strong volume. If we observe the previous 5 Wave move down during the last peak,...

NoFOMO_ Updated 

As they say, the trend is your friend. We are witnessing a very strong move down on Deckers, despite it's excellent growth in UGG and Hoka, sales are slowing as inventory has failed to meet demands. This a good problem as the company can fix their supply and demand equilibrium, the management are known for under promising and over delivering. I see Deckers as one...

NoFOMO_

A very strong reaction to the POC (red line), a strong volume cluster which has given the perfect reaction for a long trade. Trade entered at $0.417, stop loss has already been moved up (trailing stop loss in case this is a failed rally). I went long Eth (posted on my channel) along with IMX and Arkham. Arkham is a fundamentally sound project. If Ethereum...

NoFOMO_

I really like the look of this chart. A perfectly rounded bottom and now a pull back to the 200 week moving average and the golden pocket. We’ve closed above this level at $12.46. I’m expecting a bounce next week. Keeping an eye on this and will open a long if the futures look positive on Monday. This is a small market cap in the digital advertising space,...

NoFOMO_ Updated 

Watch ETH closely at $1800, this is a good risk to reward trade for the bounce. Stop loss in place in case the golden pocket Fibonacci ratio doesn’t hold. I have this has the final 5th wave correction. I’m also seeing signs of support on the Nasdaq on the 0.382 fib and somewhat of a bounce on the 15 min chart. Not financial advice, purely for educational purposes.