flightleader78

flightleader78

Gold is now trading higher than the previous ATH at the end of October 24 and is still within the rising channel. This might already be subwave iii of 5 targeting the 3200+ area later this year. That could then mark the end of this bullish trend.

flightleader78

We all remember the massive sell-off of NFLX in 2022, it crashed from 700$ to 166$. Everyone who bought at the time has gained 600% profit as price reached 1000$ after the last earnings. The question is now could and should you ask for more ? From an Elliott Wave perspective 5 waves up could be completed and NDX is at least consolidating, maybe even setting up...

flightleader78

When AVGO shot up after the last earnings it looked a lot like too much of AI hype to me. Drawing this channel explains the move quite well. With the June high and lows in September and November this channel was established and price took off right to the upper limit. Since then it has corrected by about 20% but this could fit quite well in a 5-wave move to...

flightleader78

A simple chart with fib retracement of the move since the end of October to ATH. This could be a 5-wave move up with correction to the 0.618 retracement and turn into a bull flag pretty soon. Or it can keep correcting within that channel. Tesla is a stock that is not trading on fundamentals, but on investor sentiment and Elon Musk mixed with lots of fibonacci...

flightleader78

Intel is still trading within a falling channel in what could potentially be a 5-wave move. Price is still above the major horizontal support established since August, but it would not surprise me if we see another move to the downside to complete wave 5. This would have to be shorter than wave 3, because 3 is already shorter than 1 and 3 cannot be the shortest...

flightleader78

There are many complex charts of SMCI on here, I like to keep it simple. This stock has the potential for gains of 100 - 200 %, but only if there are good news in the next few weeks. As long as there is uncertainty about their accounting and Nasdaq listing, this is a gamble and it could go to 0. Also considering that the indices are at an ATH and struggeling, I...

flightleader78

This is a linear chart of Bitcoin just to put things into perspective. Price has touched the upper trend line again after early and late 2021. It is still in a rising (green) channel within the main (white) channel, but in order to continue in green it has to cross out of white, which so far it never has. You can also count 5 waves up from the 25k area. I use...

flightleader78

AMD, some traders here call it Advanced Money Destroyer. Certainly no stock to just buy and hold anymore. I am confident that AMD will turn and deliver significant gains again, but the key will be to find that turning point. Currently I can see three scenarios: turning here at 115$ trend line support after good earnings on Tuesday or down it goes to major fib...

flightleader78

Just a simple chart with a few channels. In January 2024 Nvidia transitioned from one rising channel into a even steeper rising channel with increased volatility. Looks like price has been working on a new falling channel since November. These large swings we experienced in January marked the upper line of this channel and now price has left the rising...

flightleader78

When in doubt - zoom out On Thursday and Friday the DAX / GDAXI reached a high of 21800. Could this be a potential top ? Looking at the W and M chart (log) the DAX (XETRA) has been trading in a rising wedge since 2003. With reaching the 21800 level, the DAX has touched the upper line of this rising wedge again. The last time was in April 2015. The monthly...