My opinion should not change yours !!! This can be seen as extreme bearish but I see it as a nice alarm for ultra bulls. I probably wont ever be a TSLA investor since I dont like how speculative it can be, this is simply not my style for an investment. Chart : Over 695 or 700 I could see TSLA breaking out to go higher, we can also see it as a breakout from...
I inverted the chart to make it easier to see the bearish perspective of the chart, ascending triangle are really easy to see. On the right side, we are currently in the last leg (E) of the falling triangle. A break of 170 would possibly bring us back to a previous top that could act as a support. But, is it doable ? Not so sure, it looks already cheap enough to...
Posted that chart as a crazy bullish theory. We are currently on the way to wave 3, I still see SPY going there, a lot of important earnings coming as a cata;yst. We are still in the fib channel so nothing to worry about
Here is DIS long-term count starting in march low with some important levels and gaps. DIS bounced recently near 200 daily MA, could be potentially the end of the corrective cycle. MACD curling back up and RSI over the neutral level are also good news. I would like a break of 190 to confirm it or this could only be the B wave of the corrective cycle meaning that...
BABA in weekly is currently forming a falling wedge. We would potentially be ready for a wave 1 after that downtrend, 200 area acted as a support recently, if it can hold again we could potentially start wave 1. I would like to see MACD turning bullish with RSI back over neutral level first. BABA earnings is August 19th, a good report can be the catalyst for the...
For both the weekly and the daily wave count, the wave 4 would be a horizontal triangle correction, which make sense for a wave 4. I expect a retest of the previous all time high with a bounce on the 20MA before heading to a new high. The end of the cycle would happen at the end of the summer with potentially the rest of the market, starting right after...
We can potentially see an earnings run up for SHOP to complet the 5 waves up. SHOP currently breaking out of the pennant. MACD about to pick a side, will cross to bearish or bounce back to bullish. RSI, we can see a support on the RSI, would like to see if it holds.
Here is the daily with the intra waves count. Note : A lot of tech stocks can look that way, MSFT can be the perfect example.
Part 2 of the crazy bullish theory, here is AAPL in a weekly perspective. If we get a run to all time high for earnings run up and the correction we are waiting for end of summer, this chart could play out. Next post will be AAPL in a daily perspective for recent movement. Note : This is purely a wave analysis, not something I expect ! I just follow the chart !
Here is my crazy bullish theory for the market... (chart in daily) Indicators : MACD curling back to bullish and RSI back over the neutral level of 50. Waves : The last double bottom could be the a-b-c correction for the previous run, meaning that we can enter in a new bullish run. Last week drop stopped in the support zone for wave 2, a bounce over all time...
We are on track ! With market getting weaker right now i wouldnt be surprise to see that 4th wave coming.
AAPL is currently at 200 MA and on a longterm trend line. Wave 2 would be done and we are currently forming the wave 3. LONG AAPL
BABA on a nice up trend since earnings selloff with gaps to fill on its way up. Long if we can reclaim 20 MA around 217 with MACD staying bullish.