chiefwils0n

chiefwils0n Updated 

BLUF: COIN may run to $290, $305 upon break to upside of bearish pendant. Or if COIN closes below $270, further downside with $250 and $220 targets, respectively. When I analyze charts using technical analysis, I search for trend lines, support & resistance, divergences, and patterns (not necessarily in this order). I also analyze multiple time frames including...

chiefwils0n Updated 

Hi Traders, TSLA appears to be breaking the handle in this cup and handle pattern on the weekly charts, with horizontal resistance at $300, and trend resistance at $255. If TSLA can't break trend resistance, I anticipate a pullback to the $230 area. Targeting $297. If TSLA breaks $300, targeting $405 2024 is a bull market. Happy Trading!

chiefwils0n

Team - think BIG!!! COIN is on its way to 2K (unless the stock splits) on the weekly. The Cup + Handle is massive! Lots of selling pressure as 2021 bag holders exit their positions. But the break above the handle is clearly visible. I'm not sure how long it will take to reach $2K, but the current technicals tell me we are headed to that target. Also, ask yourself...

chiefwils0n

SMCI has been extremely volatile lately, which is great for options sellers. Recent news suggests no financial improprieties occurred and the company is searching for a new Chief Financial Officer. Also, the stock recently completed a 10/1 split. Nevertheless, here are the weekly technicals: Bullish RSI (recently recovered from being oversold) Bullish BAT...

chiefwils0n

Hi Traders, My bias is bullish on SOLUSD based on the following: Cup + Handle Pattern Established on the Weekly SOLUSD breakout from handle. Happy Trading!

chiefwils0n Updated 

I see a cup + handle pattern on the renko 240 bars. I'm targeting $540 upon a $260 4H close.

chiefwils0n

PLTR is at Horizontal Support and Trend Resistance simultaneously. Which direction will it break?

chiefwils0n Updated 

Hi Traders, RIVN formed a CUP on the 240 chart. I anticipate the handle will close the small gap around the $19.80 area, which is also a trend support zone. Once price is in this area, consider a bullish position targeting the $24 trend resistance. Once RIVN breaks trend resistance, target $34 which is the 1:1 ratio from the depth of the cup pattern. Entry:...

chiefwils0n Updated 

Hi Traders, PLTR is oversold on the 2HR, 4HR, and daily charts and has nearly completed a corrective wave. This corrective wave is denoted by the yellow ABC pattern (also known as a Zig Zag pattern) in Elliot Wave analysis. The Wave Trend indicator is extremely oversold since the signal is far below the green boundary as shown on the chart. I anticipate PLTR...

chiefwils0n Updated 

Hi Traders, NIO's main seasonality is January with 83% win rate (stock is green). We started this year at $8.41 on 2 Jan, which means by 31 January, NIO will likely be higher than $8.41. I'm targeting the 1/19 $10 CALL option (which is currently $0.14), based on positive RSI divergence on the 2hr chart. In addition, NIO closed the $8.50 gap and is currently...

chiefwils0n

Hi Traders, TSLA is showing: Bearish trend resistance at $255 Bearish Divergence (HIST, MACD, OBV, RSI) If TSLA breaks resistance, targeting $268. Otherwise, looking for a retest of trend support around $230. Happy Trading!

chiefwils0n

Cup & Handle Pattern on the Weekly Happy Trading!

chiefwils0n Updated 

Hi, I'm bearish on AAPL in the short term based on the following: Testing weekly resistance at $157 Bearish Divergence on 1hr, 2hr, 4hr, and daily chart Wave Trend in overbought territory Ascending wedge pattern (bearish) Happy Trading!

chiefwils0n

Hi, I’m bearish on ES, based on the following: strong triple rejection on Weekly resistance zone Alternatively , the ES could recover from the current neutral pattern (symmetrical triangle) and retest Weekly Resistance at the 4200 level Weekly/ Monthly support is ~3600 Happy Trading!

chiefwils0n

Hi Traders, Nasdaq is extremely bullish based on: Bullish Flag pattern (green channel) Short-term falling wedge pattern (inner blue channel) Bullish Divergence on Stoch, VWMACD, and RSI Strong support at 12230 RSI in demand (BUY) zone Possible completion of Wave 4, before Wave 5 to upside First target is 13200, followed by an extension to the...

chiefwils0n Updated 

Hi Traders, TSLA is showing multiple bearish divergences on the 4HR chart. TSLA has rejected $200 area 5 times. Wave 3 of 5 extended to the 3.61 area; I expect a healthy bullish pullback to the $150 area, but TSLA has strong support at the $170-$175 area. TSLA could extend to the 4.61 area ($213), ignoring the bearish divergence Happy Trading! ...

chiefwils0n

Hi Investors/Traders, Targeting $145 gap-close, which is a healthy bullish 61% retracement from $180 high (base of trend measured from the ascending triangle breakout). First target is $160. Happy Trading

chiefwils0n

Greetings All, Bullish RSI divergence on the 2hr $200, $220 targets