Pattern: Bearish Harmonic Butterfly Entry: ~$3,238 Stop Loss: Above $3,330 Take Profit Target: $3,020 (next major support level) • Price action is stalling near the PRZ of the pattern. • The next logical support level is around $3,020, making it a compelling downside target. Caveats: • Strong macro tailwinds or news shocks could push price through the stop...
Here we have TLT moving according to our previously published chart. We think TLT will move sideways, consolidating in the near future before finding direction. Although the outlook for TLT and the Bond Market is positive, in the near short term we may see a decline in the bonds market and choppy movements. We anticipate a zigzag move followed by a possible price...
Bitcoin's Path to $253,000 We are predicting a move to $253,000 for Bitcoin, fueled by a potential short squeeze that could ignite an explosive rally. Key Targets: First Target: $144,000 Second Target: $185,000 Third Target: $253,000 Short Squeeze Setup: Bitcoin's current structure shows signs of a bear trap, with an increasing number of shorts piling in...
NASDAQ:ASML appears to be setting up for a potential upside move. After a period of consolidation, the stock has shown resilience at key support levels and is now primed for a bullish breakout. Resistance: $786 – This is the primary target for the next leg higher. Momentum: Indicators suggest increasing buying pressure.
Sentiment indicators and volume patterns all point to a local bottom forming on the 4H chart. These signals, along with supporting technical indicators, strongly suggest that $555 marks a local bottom and a reversal from the current lows can be expected. Watch closely for confirmation as SPY potentially starts moving higher from here.
LBRT has recently completed wave C of an ABC correction pattern, touching the lower trendline of a long-term ascending channel. This level aligns with the 1.028 Fibonacci extension ratio ($15.17), acting as a strong support zone. Current Observations: - Price has retraced to a key support level within the channel. - RSI (14) is in the oversold territory...
Overview: TLT has likely completed Wave (3) in its Elliott Wave structure and is now entering a corrective Wave (4). The RSI is in overbought territory, suggesting a short-term pullback. Additionally, there are unfilled gaps near $85, which could act as downside targets in the upcoming corrective phase. Technical Signals: Elliott Wave Count: Wave (3) appears...
NASDAQ:TLT Observation: The iShares 20+ Year Treasury Bond ETF (TLT) appears to have completed its C-wave of an ABC Elliott Wave correction. Prices have shown signs of consolidation around the critical support zone at $87.50, suggesting the possibility of a double-bottom formation. Support Zone: TLT is consolidating near the $87.50 level, which has historically...
C3.AI recently broke out of a bullish flag formation, signaling strong upward momentum. After the initial breakout, the price is now retracing, potentially retesting the former resistance of the flag as support. This retest could serve as a confirmation of the breakout before the next leg higher. Technicals: Volume Analysis: The breakout was accompanied by...
Bitcoin is forming a classic Adam & Eve bottoming pattern on the 1-hour chart, signaling a potential bullish reversal. 🔍 Pattern Details: 📌 The sharp Adam (V-shaped bottom) occurred in early February with a steep recovery attempt. 📌 The Eve (rounded bottom) is currently forming, consolidating with a smoother curvature. 📌 Resistance stands near $96,800 - $97,000,...
NASDAQ:SBUX Overview: Starbucks is in the midst of an Elliott Wave corrective structure, likely entering the C-wave of an ABC correction. The bearish momentum suggests that the correction isn't complete, presenting an opportunity to short as the structure completes. Elliott Wave Analysis: Wave A: The initial impulsive wave down broke key support levels,...
The weekly chart for Liberty Energy ( NYSE:LBRT ) shows strong momentum as the price has successfully broken out of the triple bottom pattern and is nearing the overbought zone on the RSI. Observations and Continuation: As the price remains within an ascending channel, there is a potential to test the upper channel resistance, which aligns near the $25-$26...
Liberty Energy (LBRT) appears to be forming a textbook triple bottom pattern on the daily chart, signaling a potential reversal from its recent downtrend. This bullish formation is characterized by three distinct lows around the $16.50 level, showcasing strong support at this price range. Key Observations: Support Zone: The $16.50 level has held firm as support...
Overview: Intel has been on a prolonged downtrend since its highs of $69 a share between 2019 and 2021. However, recent price action suggests a bullish opportunity is brewing. The stock appears to have formed a Falling Wedge pattern at the monthly timeframe, a historically bullish reversal indicator. As of now, INTC is hovering around the $20 price range, a...
NASDAQ:SBUX Overview: Starbucks is in the midst of an Elliott Wave corrective structure, likely entering the C-wave of an ABC correction. The bearish momentum suggests that the correction isn't complete, presenting an opportunity to short as the structure completes. Elliott Wave Analysis: Wave A: The initial impulsive wave down broke key support levels,...