TNasr

TNasr

Ethereum is ripe for a pullback on the 2hr timeframe per completion of a bullish inverse head and shoulders pattern. I would be a strong buyer at 2380 if RSI/ MFI support holds but generally I don't believe the ultimate bottom is in until new lows are not made for over a month or so.

TNasr

Ford has a gap to fill at 15.92 and a massive head and shoulders that coincides with even lower targets but first things first. Any short positions should be long term as there can be natural retracements up along the way down.

TNasr

With the move down today and subsequent reversal it is likely IWM has bottomed. We can see that the pattern the last few months is corrective in nature taking an ABC course but the Russell has a lot of work to do to prove it wants to go higher long term. Short term I am am bullish based on MFI reaching very oversold levels, fibonacci extensions being hit and near...

TNasr

Based on a simple inverse head and shoulders target complimented by Fibonacci price points CHWY may head to the upper 80s. There is also a gap to fill that coincides with that level.

TNasr

Based on multiple methodologies all signs point to the upper 24 region for SLV, we have Fibonacci targets as well as a chart pattern in the form of in inverse head and shoulders. This is a short term target, further assessment will be needed at that level but a rise in inflation will probably bode well for precious metals.

TNasr

Utilizing Elliot Wave theory we can derive a 5 wave pattern that gives us two targets using two methodologies. The first most simple is to take the magnitude of wave 1 and project it from the beginning of wave 5 which gives us a target of about 3999. The second methodology uses a combination of points from waves 3 and 4 to project several Fibonacci levels and the...

TNasr Updated 

From the chart we see that a 1.27 extension of a recent impulse wave down hit with perfection. Coupled with bullish MFI divergence its probable that if the recent low holds TLT is getting ready to reverse to the upside. It is recommended for safety to look for a bullish trigger before entering long but with a pre-defined stop-loss/ exit level entry Monday may be warranted.

TNasr

Barring a significant market correction ETSY should be able to cross the 150 mark by September. Even with a pullback this stock will probably show resiliency just as it has. The first two blue horizontal blue time spans represent established consolidation periods and the third is assumed (concludes on 8/26)

TNasr

Technically while I am long SLV in the big picture I think there may a little but of downside left to complete a healthy retracement. The tool I've used here depends on identifying divergence (in this case MFI but RSI is fine as well), you then measure the duration of that divergence, and lastly project it (duration) off the price low (as this is bearish...

TNasr Updated 

From the chart we see a near perfect hit of a 1.27 extension of an impulse wave in the 11.5 region which may have marked a bottom in Natural gas, I say this because in recent weeks we are not seeing a pattern of lower highs and lower lows take hold. Furthermore there has been aggressive buying in related stocks such as SWN and RRC which may be an early indication...

TNasr

GDX has been on a good run and is showing signs of topping out. Specifically bearish divergence is clear on MFI (money flow index and we see a clear 5 wave pattern in the context of Elliot Wave analysis with wave 5 almost exactly equal to wave 1 which is a component of wave analysis. For those who want to short you must establish your own stop loss and a...

TNasr Updated 

Based on a Fibonacci projection of waves 1 & 2 coupled with bullish MFI divergence a reasonable assumption can be made we have already bottomed in a third wave (see horizontal white line that ends w/ an arrow) or are probably pretty close. Once the fourth wave up is complete we will have more knowledge to apply in terms of predicting where 5 will terminate but...

TNasr

For context please note we are dealing with weekly candlesticks here, I'm pointing that out b/c people are used to seeing shorter time frames and I don't want anyone to be confused. Overall I think we are in the beginning stages of a large degree C-wave in an ABC correction. I am neutral on the Russell as of now b/c I think we need a smaller degree B-wave up in...

TNasr

Please take a careful look at the chart as it will explain my analysis and rational a lot better than a paragraph or two. The orange R1-3/ S1-3 support and resistance levels towards the right of the graph are the 'Pivot Points Standard' indicator with Fibonacci parameter chosen under settings. Short term I'm neutral, long term I'm bullish if i had to take a trade...

TNasr

Technically I refer specifically to ETH in this post but this analysis should help guide analysis on other securities, crypto or otherwise. I hope the chart is self explanatory and if not please ask. We are basically looking for bullish divergences which I have highlighted using angled lines and also utilizing the Fibonacci tool. Please look up videos on youtube...

TNasr

Congrats to anyone who has been long gold and if you have now is the time to take profit. Overall I am bullish on the metal but its plain to see it needs to dip a bit and reset a base from which to continue up further. Three arrows on this chart point to a pair of highs and a low in b/w them that combined we can project Fibonacci timing points from that have...

TNasr

For those of you who don't know the cup and handle pattern (C&H) I hope this post changes that. With LTC and several other cryptos I've noticed this pattern in past weeks. In order to from a valid C&H we need to see a rounded bottom to the cup (no V bottoms or excessive chop in the base) followed by a handle that retraces roughly 30-70% of the cup to be valid. In...

TNasr

From Nike's history we see that almost all gaps get filled on this stock. Three randomly chosen shaded horizontal rectangles represent three gaps (there are many more) that all got filled eventually. Recently price action has been "sloppy" with wide gaps being made which will surely be filled sooner or later, there is also one at 84.83 which I have labeled which...