chartxzy

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As you can see, the market seems to be anticipating a negative FOMC meeting today, as a result, the rising wedge pattern we have been in has been broken. I expect this to retest $420 area short term, a long term wedge break would be below the $420 level, which in my opinion would indicate a macro correction near $380 levels.

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Despite yesterdays sell off with news to near the $80 level, we see buyers entering this morning raising it nearly 6 points giving me confidence for a longer term reversal. Still expect to see 100-110 price level in the next 4-6 weeks. targets as well as support and resistance are trend based fibonacci extension levels as shown on the chart.

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I am by no means a bear, but I do think that this is something to keep an eye on. Historically, rising wedge patterns have resulted in breakdowns and market corrections. We can see this in 2018, and 2019-2020, as well as our current wedge looking like its about to top out. The yellow line has previously acted as a long term resistance level going as far back as...

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Snapchat met heavy resistance yesterday at the 65$ level, will not take any positions.

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Update on MARA, hitting the target I wanted, good place to trim position if you are longer term, decent 30% swing trade. GLTA

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Pinterest slowly creeping its way back up to fill the gap near the $76 level. Still long.

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Chart is self explanatory, looking for support near this 161% retracement level, near $58 range. A solid green candle close above this level would indicate a new trading zone with squeeze momentum being the catalyst. New zone would bring the range between 58-90. Also a bull flag setup on the daily since the breakout towards $70. Expect this to retest ATH's.

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A weekly Long term SPY chart can tell a lot, would not at all consider myself a "bear" but I do think that people should be aware of not only this chart but a lot of the current factors and economic situations we are in right now, from chip shortages, lumber prices, to inflation, the reasons to hedge accordingly against a correction continue to show everyday....

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PLUG looking to make its next move that will be determined by the price action in the coming week, we have a very decent bullish setup with a nice trading range that gives solid risk rewards profile. As you can see we have multiple areas of support and resistance and are currently sitting on the $31 support level, a very important price to hold. More bullish...

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RBLX with a decent swing setup here back towards $100 short term, support on top of the previous resistance level showing a solid reversal on a 4HR chart.

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As I updated a short while ago, snapchat did in fact break out of its trading range pushing near the $64 price level, and since then, had a healthy and expected pullback that found support on the top of the channel which is a bullish signal IMO. The price action in the next 2-3 trading days will determine if the market wants to take this higher back towards the...

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AMC printing a descending triangle, which would be bearish if this pattern was within a downward trend, but this is a bullish formation since we have been making ATH's. My previous idea thought we were forming a bull flag with higher lows, but it was broken which I believe was due to the GME earnings sell off that affected all "meme stocks" as a whole. MACD...

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Based on the move up, resistance should have been met at the 16.59 level according to previous waves resistance back in April and May. As you can see, we broke right through that, now showing support in the 100% retracement level. Holding the $17 level is important for this to touch the 24.34 level again

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$GME surging through that 61% retracement level, holding here with continued squeeze momentum sends the next target to $400 being the 78% retracement level

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$CLOV Squeeze Called out from $7 price point, GLTA. Next Fib level is 24.33 with gamma squeeze

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2 hour chart, will be interesting to see how this plays out tomorrow, very heavy resistance at the 161% retracement level, but if broken through and support at that level is shown, it can potentially mean the next fibonacci retracement zone being 57 - 90. MACD looks like it wants a reversal as well, so that gives me some further confidence for the Fibonacci...

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As I posted the other day, I expected BB to make a move to its next fibonacci zone near 22.00. Resistance was met at the 61% retracement level and it got shot back down to its 38% retracement level after failing to hold the 50% retracement level (15.60's). Bouncing off the 38% level near $13 could give us 2 paths as I show on the chart. Need to break through that...

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Was simply looking for a retracement play on this one, and got what I wanted, some resistance at the 38% retracement level, and I have to be happy with 57% gain so I closed half the position. This can definitely go higher, and has the room to do so, so trimmed half of my position accordingly. Next price levels to watch, 8.60 to $10.00 range