Getting its pull back now after a monster +30% jump post earnings last week
Green fib levels reflect our expected abc pull back and we can see that the 50 Day MA is in between the 0.5 - 0.618 Fib level range between $26 - $27, so this will be the area of interest for its pull back.
A ...
2025-02-25 11:09:43 +0000 UTC
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$355 has rejected for me now, so the 0.5 Fib comes into play at $313, there is a lot of support between now and infringing upon the Top of Wave 1 but bulls will want to hold the 0.5 Fib at $313 at this stage.
I am also seeing a 3 wave pull back here too which aligns with a Wave 4 pull back....
2025-02-25 11:06:11 +0000 UTC
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A Wave 4 pull back holding on the 0.38 Fib at $86k, amongst a very strong confluence range does not scream bearish to me.
I continue to see this pull back in 3 waves which means the overall structure remains in an impulse count.
The 200 Day MA is also in between the 0.38 Fib and 0.5 ...
2025-02-25 10:52:55 +0000 UTC
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This will be the easiest commentary I ever write:
We are under the 200 WMA, accumulate.
I will be adding.
2025-02-25 10:44:25 +0000 UTC
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There is a lot of red in the PM now so I want to make sure everyone is still on message with our regular charts.
We were expecting an ABC pull back here and this is likely what we are getting now
The small green fib levels is where we want to see support, which gives us a higher low.<...
2025-02-25 10:41:52 +0000 UTC
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Earnings are now out, they double beat but the market did not like it.
To sum up very quickly: They have guided almost +50% higher for the end of 2025, which includes not taking into account any sales of GLP-1 Semaglutide after Q1, which accounted for around 30% of their revenue....so the S...
2025-02-25 10:38:14 +0000 UTC
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Another -0.8% drop today and this further guides us into believing the market can still melt up and complete Wave 5.
We want the US 10 YR NOT to hold the Wave C level above the wedge line and we want the price to drop down to the 200 Day MA and lose support....this will help the market
<...
2025-02-24 20:06:34 +0000 UTC
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In the last update of $ACHR I got ahead of the price action and spoke about this possibility that a retest of the 0.5 Fib is possible next, especially with market volatility and reassured that this is still valid as a Wave 4 pull back and we still expect Wave 5 to complete at $18, once the 0.5 Fi...
2025-02-24 19:58:58 +0000 UTC
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Very solid bounce now on the 0.5 Fib at $43 and went back up above the 0.38 Fib at $50 and went as high as $52.72, this is a significant bounce and has the markings of a stop loss raid which ties up nicely with earnings due shortly.
I have added in the higher low fib levels that we want to ...
2025-02-24 19:56:05 +0000 UTC
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Very nice pull back here.
A hold on the triangle breakout level will be the sweet spot.
We can also see that a golden cross is about to take here place too
So I am watching for a hold between $136 - $140 and I believe this can reverse higher next to the First and Second Targets...
2025-02-24 16:08:16 +0000 UTC
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NESN has bounced very strong from €72 to €87 since the start of the year and now back above the 50 WMA now too.
When we added this to the Top 10 list at the start of the year, we said that a return to at least the 200 WMA at €105 and this would be a successful safe haven and has a 3.5...
2025-02-24 15:59:32 +0000 UTC
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Volatility always brings opportunities and pull backs that we have been waiting for usually get triggered when there is excessive selling across a number of sectors.
$ASTS is a perfect example of this and we can see a nice pull back to our expected support level now
I would be watchin...
2025-02-24 15:04:46 +0000 UTC
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I have shared this chart on X today to bring some positivity to those holders who have been in this for the last 4 years and continue to hold strong.
$NIO
Ironically very straight forward from here after a 4 year wait.
A break and hold above $4.81 and the 1.618 Fib is the next t...
2025-02-24 13:33:52 +0000 UTC
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We are just waiting to confirm that Wave 4 has held above the 0.38 Fib and confirm that it is complete, then I expect Wave 5 to move up to $25.
I have said this a number of times now but things get very interesting for $SOFI once the price action can hold above the blue line at $25...with a...
2025-02-24 13:27:03 +0000 UTC
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For the last year I have been sharing that $NU will complete its ABC correction and many could not see it but the chart was clear to me, we are now already in Wave C and I believe there will be a test of the 0.5 Fib next at $9.70 next....or possibly lower to the 0.618 Fib at $8.20.
The fund...
2025-02-24 13:14:29 +0000 UTC
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I think $RBLX should be on many people's watchlist now, as this Wave 4 pull back has been nice and controlled, having lost the 50 Day MA now, this should allow the price action to drop into the sweet spot between the 0.38 Fib and 0.5 Fib, where the blue line range is at too at $53.
A hold b...
2025-02-24 13:08:45 +0000 UTC
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A number of requests have come in for this, likely due to the strong rejection at our Wave 5 level at the blue line at $5.75 and people are looking for confirmation that the ABC correction is next.
So far it is just a strong rejection with one wave down but after such a strong move from $2 ...
2025-02-24 13:04:14 +0000 UTC
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I have been sharing this chart since September and the Cup and Handle formation continues to move beautifully and it is hard to see this going anywhere else but up to the top blue line at $14 this year.
Incredibly still another +90% on the table here too to complete this move.
2025-02-24 12:59:37 +0000 UTC
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$FUBO is starting to get more attention after signing a partnership with $DIS + HULU and there was a strong bounce at the start of the year from $1.61 to $3 but created quite a large gap that I simply can not ignore as a risk.
However, there has been a nice Wave 4 pull back to the 0.5 Fib a...
2025-02-24 12:54:39 +0000 UTC
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$UAL moving very well in this Wave 4 pull back.
Wave 3 overshot the 1.618 Fib but as we know, this Fib level is the most important Fib level and behaves like a magnet for Wave 3.
We want to see a 3 wave pull back now to the 0.38 Fib at $84 and holding, once there is a hold, we expect ...
2025-02-24 12:44:57 +0000 UTC
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The delusional level has been lost in the PM now at $100 and the 50 Day MA is looking very obvious sitting at the blue line at $84 now.
A relief bounce will need to come soon and I will be watching how this whole pull back behaves
If there is a 3 wave pull back to the 50 Day MA, then ...
2025-02-24 12:38:30 +0000 UTC
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Some resistance at the descending wedge top line on Friday, just about every position felt the pressure on Friday bare Chinese ADRs, so it would have been unlikely that Friday would be the day that we'd get our breakout of this wedge.
If we get our 3 wave abc pull back now I would be happy ...
2025-02-24 12:33:32 +0000 UTC
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Ok we have the retest of the wedge breakout level now from Friday after the market flushed down, so we are watching closely now to see how the price behaves on the Fib levels between $23 - $24 and see if we can get a hold of this support range this week.
This is the weekly chart so I can sh...
2025-02-24 12:27:04 +0000 UTC
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Big day for $HIMS today, they report after the close and across the board everyone is expecting a strong report and are keen to hear their guidance.
The big question mark now will be how they address the result that Semaglutide is no longer on the shortage list but as we have seen latel...
2025-02-24 12:21:41 +0000 UTC
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$610 is the important level for the $SPY to break above now and a retest of the 50 Day MA was completed towards the close on Friday. So just like the $QQQ chart, no important moving averages have been lost here and there are also no lower lows.
Market makers have a habit of bringing the pri...
2025-02-23 19:43:20 +0000 UTC
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If we put aside how we felt with the market on Friday and solely looked at the price action of the $QQQ, we can see that there is very little to be concerned about right now
Triangle has now developed into an ascending triangle and we can see that the top line at $540 is the level that need...
2025-02-23 19:34:35 +0000 UTC
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In spite of losing the yellow support level and 50 Day MA, the inevitable test next looks to be the 200 Day MA at $177 but I do not next see this Wave 5 complete yet in this current set up which is now showing as an opportunity to me if the price can retest can hold at $177.
Only if the 200...
2025-02-23 19:22:36 +0000 UTC
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$SE is due to report their earnings on the 4th of March, price has found some resistance at our blue line this week, just shy of the extended 3.618 Fib for Wave 5.
A disappointing earnings here could trigger the ABC correction that we always expect after a Wave 5 and the Buy Zone right now ...
2025-02-23 19:18:17 +0000 UTC
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$INTC has been performing very well after Trump directs some sanctions towards Taiwan and a way to mitigate around this would be to use $INTC to produce these chips and the market appears bullish on this news.
Price has broken above the blue lined range which has been in place since August...
2025-02-23 19:15:13 +0000 UTC
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