Higher To the 1.414, which is at the 162 area 1.618 = 172, also possible
WOW that parallel channel / -.618 confluence was money (SEE LAST POST). I wanted to close that post and move in closer. UPDATE ZOOMED IN That could have been the top but prolly sends higher til NVDA 1.414 NVDA 1.414 STRATEGY NEXT POST
Parallel channel intersecting with a long term negative 0.618 here (soon)
You don't often see a short set up as perfect as this. Head and shoulder topping pattern with a broken trend line and failed re-test of it. Target 176
Although the completion of this Bat pattern will be bearish, we are only at point C. A move to point D will bring Q to $325.28 or so.
There is a major imbalance here. Subjective analysis of a chart that simply looks "heavy." I like it short to 144 because there is also confluence with downward sloping MACD and an income statement headed in the wrong direction QoQ.
Tightening Bollinger bands and bullish divergence in stochastics (weekly interval). This bear market has not seen a true ^VIX launch yet...
This recent jump into the 260s will print a bearish divergence in MACD (Daily). She is ready. Target: 73
Rejected .886 @ 98.86 W-shaped harmonic completed, also a simple H&S... textbook Target: 30s
Ethereum hourly interval showing a bearish divergence in its MACD. Also taking the shape of a head and shoulder top. Good night
Hourly interval, with the W-shaped Harmonic mapped. 0.786 is the short target, if it plays out as a Gartley. Once Spy moves up to this level (= 413.84), I make another post that is marked as a "SHORT." It could also tap the 0.886 (= 422.20), keep that in mind. And if it goes to the 1.618 for a crab, this will really get wild. Don't chase the long play. Don't try...
$BTC 4hr: MACD bearish divergence. Rally's clock is ticking...
Points X, A, B are confirmed. With completion of C + D, this would play out as a multi-year M-shaped bat, marking the end of the bull market at point C for a near double-top, followed by the end of the bear market at point D (~2,491.86) for a favorable double-bottom near the pandemic low. Point C: Go short Point D: Go long
$VIX harmonic. Ready to explode! $SPY short entry loading...
X = 2022 High A = 2022 Low B = .618 XA C = .886 XA D = .786 XA Price Targets B: $361.16 (Conservative) C: $287.36 (Moderate) Aggressive: $250 - $275
Look for $SPY to unravel over the next few weeks with a $VIX spike that sends it down to $291. My analysis is that ~290 is the completion of this bearish cycle. It also lines up with support established in 2018 and 2019. Down there is a long term buy, but it really could go as low as 155 in an extreme bear case (would need further exogenous shocks in the...
A bear flag within a bear flag on $BTC hourly. Somebody call Dom Cobb to sort this out for us.
Neutral analysis of $AMD showing a Fib retracement from its pre-pandemic high of 59 to its all time high of 146. Notice how technically significant the 0.618 and 0.786 retracement levels have proved to be for support and resistance. $99.45 = .618 $81.78 = .786 This checks out fundamentally as well. $100 and $80 are psychological levels to buy and sell at (0.382...