This stock could not be more boring.... We still have this count as listed and should see a turnaround and an explosion to upside but when? That is the question when..... Until we break out of the descending triangle I would not expect much from this stock right now. If we are to see a break down below the blue support line get ready for even more downside.
RIVN we can have 2 scenarios with. The count I have drawn is bullish and that we are going to be pushing higher if W4 has ended, which technically it could be over with since we hit the 0.236 and pushed higher off of it. Even if we push lower to the 0.382 or even the 0.5 level that can still be a W4 correction from W3. As of now, I am going to stick with that the...
I love TSLA long term but....... we still have a brutal C wave to go through for a lot of stocks and TSLA is one of them. I don't think this will happen in the span of this year, but by next year sometime this will present a buying opportunity you won't see ever again.... TSLA has hit the target for a turn in the market since we hit the Fibonacci level of 0.618....
In my recent post about PLTR I was bullish and that count still stands for what I have on that count. But we also have to look at this point of view (POV) of the bigger picture of PLTR. We are technically still in a W4 on the downside wave cycle. We have not broken W1 and until that happens we can still be bearish and see a brutal W5 to the downside and wipe all...
Many investors of NFLX aren't prepared for what is coming next for them. This B wave rally has been amazing and you could have profited, but usually how it goes is most just keep holding and never take the gains. I learned my lesson before on this also. These B waves will ruin accounts... It looks like earnings have already brought the stock down over 6% now we...
Andddddddd...... its time for Litecoin to lose a lot of value.... We have not been able to break above W1, which is also where our resistance lines are also. We attempted to push at it but have since lost almost 20%. I am confident that we should see more downside as in the bigger picture we have started W5 to the downside.
I am expecting to see Bitcoin start its descending final wave down of this W5. In the overall, picture this could be the last part also of a bigger C wave. Very very soon we should know if this is going to be the decline and start of a bloody downturn. If we are to break above the blue resistance lines this would make this count invalid and we will go back and...
- DKNG has been on a massive run so far this year, but I see this coming to halt very soon. On the macro picture this whole rally was just a long W4 that we actually just hit the .382 level. This rally is over and we should see a decline pretty hard in the coming weeks. It is possible we push higher to .5 level but only time will tell. Right now we have hit our...
- The SPY is very close to hit the C wave target for the Fibonacci extension of 1. Once we hit this which is around $449 we should see price start to decline as I think this whole rally was just a corrective one and we are headed for new lows. If we do push past the 1 level and extend it is possible that the bottom in October was the bottom and this is not just a...
- We may be engaged inside the start of a W3 right now and could experience massive gains if this is to be the W3 drawn out. If this is to be true then we have finished W2 and need confirmation of a breakout above W1 to confirm we are in a W3.
- BTC is at a critical level if we want to continue the cycle of W5 in the bigger W1. I have it drawn out to where we are headed for downside in a bigger W2. I see price breaking down as it is struggling to get above this resistance level.
- AMC just might have finished off the W5 and start a new cycle to the upside and break out of this downtrending channel. We need to hold support right here where the blue support line is to help us confirm our case that a bottom has occurred. If we break through we are going to keep falling inside this channel. I want to see price action to the upside in the...
- AMZN has just finished off W3 and already in route for W4. I have put the Fibonacci levels for the W4 to where we should see price go before rebounding to W5.
- We have seen a massive explosion in this W3 recently, but looking to cool off into the W4 before we take off again into the W5. If we do not break the blue resistance lines we should already be in the decline into W4 where I have put the Fibonacci levels for the W4.
- Cardano must break above the resistance of this channel or it is doomed. Where I have drawn the circle is where the resistance of the bottom of the channel is it at with price. We tried twice to break above it and since then loss momentum and turning over. It is a matter of time of when this thing breaks down.
-SOL has been in this channel since early June. We saw a pop out of the channel recently to try to make a new channel but since then we have seen price fall back into the channel. I have drawn circles to where we have seen rejection a lot at the top of these channels. We saw a push through recently, but did not hold. Maybe we see this try to act as support at the...
- AAPL has shown rejection from the W2 and giving us confirmation that we are active in the W3 now and should see about 3% more downside to the blue lined region before a small bounce back for W4 then a continuation back down to end off W5. I would be a buyer of puts here.
- SPY is going to continue to correct until we hit the blue lined region where our W3 is. The last 3 candles on the hourly chart are showing bearish signs going into next week. I would say that SPY should be near $428 soon. Look to buy put options on SPY next week.