The last time the Nasdaq looked like this uh, ya know, bad stuff happened. Yes, I drew the current uptrend as if covid didnt happen, but its starting to jump back into that rising channel. With the markets being propped by stimulus, QE and the FAANG stocks, is it possible that tech stocks are overvalued? It currently is shaping up to look like the market did...
To me, this pretty is simple and straight forward. As long as down trending resistance isn't broken, further downside is in the future. I almost forgot to mention the big fat M that has formed on the chart with only a very weak area of support to stop it. Two similar cycles have been identified on the chart. The current red cycle should have been in an...
I've charted a symmetrical triangle on the 4 hour chart. A breakout usually occurs in the area of 75% to the apex of the triangle and 60% of the time this breakout is upward. January 21 is when we will hit the 75% point. The green arrow line is the rough path I believe the price will take on its way to $50k. The .618 and. 786 Fib levels are there just for...
I just started playing around with Trading View a few months ago, so feel free to point out any flaws you see. I've been thinking lately about the decline of the US dollar and where we might be headed. I've charted what I feel is legitimate down trending resistance and the green horizontal line seems to me to be the next major line of support. I would like to...
