j_arrieta

j_arrieta

Maybe witnessing the start of a multi year bullish cycle. Not only prior highs seem a great return, but the possibility of a giant cup and handle pattern up to the 200% extension seems a great in terms of risk vs reward

j_arrieta

Price target equivalent to the width of the prior range, 3.10$/3.30$. Fundamentals signaling a recession. 4.38$, SMA 200 days, is the level to hold

j_arrieta

Under the 1974 trend line there’s absolutely no bullish argument. Already retraced a 62% of the whole upside movement since the 70’s. Once too big to fall, now maybe it’s a too big to move company. I am aware of the whole books to market ratio, but still see it as a value trap: over exposed to Asia and Europe, streaming isn’t going that well, parks suffering from...

j_arrieta

PTs 20k and 18.7k. I’m more oriented to the downside once the short term lone has been breached, with a 15% potential drop to test the major trend lines and the 200 day SMA.

j_arrieta Updated 

One of the most exciting assets around, who needs btc when you got NGAS, Inverse HS, targets: 3.60$ / 5.60$ Mogalef weekly volatility bands seem to have been useful in the past predicting supports and resistances, top band matches the inverted HS target as well.

j_arrieta

Wave 5 = Wave 3. All the upward trend has respected nicely the technicals: boost, sideways, breakup… There’s a huge divergence on the weekly RSI, so I would remain cautious. Daily RSI over 80 is also something to take into account

j_arrieta

If Bitcoin goes below 63,000, I would consider it as a fake breakout, a rising wedge failure, and a massive double top, which could throw the price to the 50,000 level again

j_arrieta

Super Micro Computer's stock has recently experienced significant volatility, particularly following the resignation of its chief accountant. This event has raised concerns among investors, contributing to a notable decline in the company's stock price. The resignation was part of a broader context of challenges faced by Super Micro, including a federal...

j_arrieta

DAX 40 testing support level around 19k area, which have acted as pivot points 6 times already. If broken to the downside, 18k should act as the next big level (blue line).

j_arrieta

WTI in the final leg towards long term support (62$). Around that price level, you can find multiple prior lows, the lower Mogalef volatility band, the YTD VWAP 3 SD band, and very oversold levels Note that below that support level, there's nothing stopping the price from going down to the 43$ level, as very little volume was traded in the 40$ to 60$ range and...

j_arrieta

JD.com broke the minor trend lines and is heading towards the long term trendline. This level is also enforced by prior highs/lows that acted as pívot points. If broken, I would expect to extend the final of the third Elliot leg to the 63$ area, then back test the broken trendline, and then attack the ATH again. Please let me know your thoughts!

j_arrieta

German 10 year bund keeps scaling. Price action is reflected on the charts. On the long term, seems like the german 10 year bund is building a huge Head and Shoulders pattern. That would be consistent with rates going down in the eurozone. But… if the German bund should spike over 2.50%, that would probably mean that euro rate cuts will be on hold for longer than...

j_arrieta

Rising wedge on btc, forming an abcde pattern (corrective). If it's corrective, then it's not impulsive, so I would expect a downturn searching the long term rising trendline (around the first weeks of November) to form a very extended ABC pattern from the 2024 highs. If that trendline should fall, I would be very cautious due to the ferocity of the volatility...

j_arrieta

VIX trading sideways. If breaks to the upside, PT 40. 42 is a level to watch out for as it also represents the upper weekly Mogalef band, which typically sets for a top on volatility spikes.

j_arrieta

IF the monetary stimulus keep pushing Chinese stocks, we could be building a new impulse to retest the 16,500 area. If broken, it could speed up to 20,500 points. What I find positive: lots of shorts still pressing the price to the downside, that could be gone if the price squeezed to the upside. What I find negative: movement has been too fast, no...

j_arrieta

Probable correction on the RTY Russel 2000 index. Rising wedge and failing to break the prior top. Support on every fibo level to the downside, with an ultimate floor on the monthly lower Mogalef bands the long term sideways channel, and the very long term trend line, all around the 1,600 area

j_arrieta

Rising wedge, not making new highs. PTs 10% and 30% below

j_arrieta

Rebound goes on, PTs 38% and 50% retrace ent of the previous impulse (25.50$/27.90$). Long term PT around 13$ (GFC levels).