SUMMARY
Based on Fib-Retracement and ABCD Analysis, whilst having analysed historical bearish market-sentiments, the current correction aka our bearish market is likely to be over around early to mid June 2022.
View the grey rectangular box for potential entries into Tech-Assets, but only those that are considered as Value Growth Stocks etc.
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The Harmonic Shark Pattern (Daily Timeframe) is rather strong and successful by nature. Bloom Energy just finished it followed by a first reversal to their resistanct at $23.03 which but packed up with bullish lower timeframes and decent volumes.
Fibonacci Extensions showed that $23.03 is a 0.681, yes, bit strong but given the bullish market sentiment whilst...
NASDAQ to DROP to $13.000
Based on a Daily- and Weekly Price Action, Pattern and Fibonacci Analysis, the Tech Index is likely to encounter further drops towards $13.000 (short-term, view daily chart) followed by a potential drop to even $12.460 (weekly chart). The market's current sentiment, nourished by fear due to possible inflation etc. and no direction at...
Symmetrical Pullback Analysis using Fibonacci Extension Cluster Set-Ups is a proven methodology that helps traders to find meaningful support and resistance levels. As you can infer from this example, Apple had a 52-Week high recently, followed by a symmetrical pullback that could have given you a nice shorting opportunity or in case you wanted to go long, you...
