rehan0418

rehan0418

I charted AAPL back in June. It's been very accurate thus far. If the chart continues to be accurate it looks like we might see a pullback to 61.8% retracement of the most recent impulse wave (to ~$165). I would exercise caution going long on AAPL here. After the pullback I see AAPL hitting a new ATH around ~$218. This is not a financial advice. Always do your...

rehan0418

No TA here. The chart speaks for itself. Sometimes Elliot waves are so accurate; it's just scary. It's like being able to see into the future. As of right now, I don't have an open position in AAPl, but I will open a short position if it gets rejected around $197-198. Note: This is just speculation on my part and not a financial advice. As always do your own...

rehan0418

Four reasons why I see a pullback to ~$210 for NASDAQ:TSLA : 1. NASDAQ:TSLA rejected 3 times at the top line of the channel. 2. There's a bearish BAT pattern which suggest we'll see a reversal around $290. 3. There's a rebalance on July 24th and most funds will likely sell Tesla to match the new NASDAQ 100 weight (expected: 4.5 -> 3.4). 4. Lastly, there's a...

rehan0418

According to my chart, we finished the Grand Super Cycle back in Jan 2022. The bull rally from Oct 22 has significant lower volume compared to wave A which is a typical characteristic of wave B. We might see the rally continue up to 90% of wave A, but with major earnings this week it seems very unlikely. I think this is the top. Market fundamentals aren’t...

rehan0418 Updated 

AMD has traced the 5-3-5 zigzag corrective pattern, to the T, since hitting ATH in Nov 21. It may look like AMD will bounce from here, but this is a typical 3 leg (abc) wave 2 pattern. I had posted this exact chart on my twitter two weeks ago and no changes since then. Keep in mind AMD guidance was very bearish for Q2 and it looks very overvalued here in my...