Very strong Earnings Report and most importantly they reaffirmed their commitment to Capex spending in the Ai sector.
The extreme bullish melt up level for me is the 1.618 Fib at $818, meaning $META has nearly 10 X'd since last 2022 if this level was to hit.
The market needs to bottle...
2025-01-30 12:08:26 +0000 UTC
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Down -3% in the PM now after its earnings report yesterday after the close
Bringing the price action back to the 200 Day MA once again after a lacklustre report
History will show it is a a double beat but the details were concerning
Azure growth missed targets, FCF missed estima...
2025-01-30 12:04:04 +0000 UTC
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$ABNB has bounced again in the channel from $125 to $133 now and tested its 50 Day MA yesterday from below but has still not broken above this MA or the channel yet.
A break above the channel and $135.60 and holding and I believe the reversal is on here and the only MA or resistance in the ...
2025-01-30 11:58:29 +0000 UTC
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I have seen the footage of the DC crash, the American Regional jet was not the cause of the crash, as the very well camouflaged Black Hawk flew right across final approach, which is something a Helicopter should be nowhere near.
$AAL is now down in the PM but we still need the pull back to ...
2025-01-30 11:54:13 +0000 UTC
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Showing indications that the pull back is now complete:
200 Day MA hold
0.618 Fib hold
Corrective wave pull back
RSI has bounced on 30
MACD selling looks exhausted and starting to turn
Overall structure in a...
2025-01-30 11:49:31 +0000 UTC
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We have bounced from $24 to $32 now in 20 days and once we got the higher high above $28, there has been very little in the way of $HIMS ascent....even the wild intraday swings that we have become accustomed to with $HIMS have started to calm down....this has also happened during one of the most ...
2025-01-30 11:45:12 +0000 UTC
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$SIRI continues to be in one of the strictest and getting to be one of the tightest descending wedges in the market at the moment.
Price is currently at $21 and can still drift down to the 0.78 Fib level at $17 before breaking out.
If the price action can breakout under $20, then ther...
2025-01-29 18:19:39 +0000 UTC
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Moving down below the 50 Day MA and in this current set up I believe there will be a lower low next and this would align nicely with the 0.38 fib at $355.
A lot will rest on the Feds decision today but there is likely going to be some volatility associated with this decision until the marke...
2025-01-29 18:11:36 +0000 UTC
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Price action is down -10% today and we can see the price is just sitting on the 200 Day MA now at $18.
The 0.618 Fib can not be ruled out just slightly below at $16 either if the 200 Day MA is not held.
That all being said, once support is found, I believe this will comfortably move h...
2025-01-29 15:18:20 +0000 UTC
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We have a double 0.618 Fib hold now, making this a very consistent higher low hold now.
Price is also above the blue line at $26.45 and continues to move in an impulse wave.
I continue to expect the Wave 3 target next at the 1.618 Fib at $28.22, just slightly above the 200 Day MA.
...
2025-01-29 14:48:54 +0000 UTC
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$SBUX has reported and it's a double beat.
But most importantly we have a 4 year wedge breakout too at $106, but crucially the price needs to hold above this level now, so far it is just a breakout.
I have added the impulse wave now if the price can hold on the outside of the wedge an...
2025-01-29 14:42:43 +0000 UTC
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How incredible is the 1.618 Fib and the 0.618 Fibs
Wave 2 was a textbook hold on the 0.618 fib
Wave 3 rejected perfectly at the 1.618 Fib as standard too.
Price has already tested the 0.38 Fib on the pull back now too after a strong pull back yesterday.
We always expect a ...
2025-01-29 14:39:05 +0000 UTC
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I would like to see $AMZN pull back to between $175 and $153 this year to the 200 WMA before going higher to complete Wave 3 in 2027.
It goes without saying that I would accumulate $AMZN aggres...
2025-01-29 14:27:46 +0000 UTC
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I am starting to put $PINS on my radar now because of this set up.
Price action has moved in an impulse wave since the start of 2022 and has since pulled back nicely and has been consolidation along the 0.5 - 0.618 Fib levels.
The price is still below the 200 Day MA and the blue line ...
2025-01-29 14:19:16 +0000 UTC
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I think $VST has started its ABC correction now, as the decline has been harsh, I can see 5 waves up and the 50 Day MA has now been lost and the price is running to the 0.38 Fib
I would be looking for the Wave B bounce to come in on the 0.38 Fib at $127 or the 200 Day MA at $107
But t...
2025-01-29 14:07:28 +0000 UTC
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$BB moving very well in this Wave 3 after a very clean breakout of the descending wedge in November, followed by a breakout above the 50 and 200 Day MA and then a Golden Cross
So technically this has been very clean.
Wave 3 completing at the blue line at $4.70, followed by a pull back...
2025-01-29 13:58:33 +0000 UTC
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Very strong bounce yesterday and finished up nearly +9% for the day.
Remember today is the important day for the market, Fed will make the decision today on Interest Rates at 2pm EST, so whatever happens before this announcement is effectively immaterial.
Overall I am very happy to se...
2025-01-29 13:53:11 +0000 UTC
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Great stuff here from $DDOG, a clear hold on the 0.5 Fib, followed by a strong bounce and back above the 50 Day MA now too at $145
For an entry now, a retest of the 50 Day MA from above and holding would be a buy signal to catch the final Wave 5 higher to $200
2025-01-29 12:12:30 +0000 UTC
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I am slowly starting to turn bullish here...
I believe that if $NIO was to sink to worrisome levels below the red line, it would have done so by now but instead has consolidated sideways for nearly 12 months now.
I believe $NIO will likely need a catalyst to trigger a large upside mo...
2025-01-29 11:52:15 +0000 UTC
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Bringing this back to your attention because:
We have a descending wedge breakout
Substantially below its 200 WMA
ABC correction completed between the 0.618 - 0.78 Fib range
Holding above the 200 Day MA
For me, the low ris...
2025-01-29 11:46:09 +0000 UTC
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$ASML destroyed their earnings report and the most important aspect for me is their Net Bookings: • €7.1B (€3.1B beat).
Showing that Capex is not expected to change in this sector during this earnings season.
On the chart, $ASML took a beating this week, as did $NVDA but held a...
2025-01-29 11:40:48 +0000 UTC
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So what do we do when we get:
A hold on the historical support/resistance line at $30
A hold above the 50 Day MA
A hold above the 200 Day MA
A hold above the 0.618 Fib for Wave 2
Moving perfectly in an Impulse Wave
...
2025-01-29 11:33:17 +0000 UTC
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$BABA is now up to $98 in the PM now after they released their own version of Chatgpt which appears to be even more efficient than DeepSeek which upended the market this week
I believe the timing of this has been orchestrated to perfection, the release of this advanced Ai from China, cheape...
2025-01-29 11:28:49 +0000 UTC
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I am happy with the pull back so far but we just have a test of the 50 Day MA at $16.50, we need to see this MA lose support so the price can drop down into the sweet spot which is the 0.5 Fib at the descending wedge breakout level at $14....a retest of this level and holding then we have a comfo...
2025-01-28 14:40:54 +0000 UTC
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I am happy with the structure here but I do expect a test of the 0.38 Fib at $2.06 with this current movement for Wave 4. The price could also come down to test the 50 Day MA at $2 and this would not be an issue for the structure as it does not infringe upon the top of Wave 1.
Losing the 50...
2025-01-28 14:38:18 +0000 UTC
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This impulse wave count has not changed, all I have done with this chart is add the amber fib support levels if Wave 5 is now complete.
We can see a clear rejection at the 3.618 Fib where I have Wave 5 placed, which has run a lot more aggressive compared to $NVDA over the last 3 months.
...
2025-01-28 13:28:11 +0000 UTC
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WOW there are only 4 days between these two charts, so I hope my guidance was able to prepare those holders for Wave 5 completing, the pull back has been extremely harsh and I don't see support being held here yet either
So be careful catching a falling knife here now.
The 0.78 Fib a...
2025-01-28 13:24:06 +0000 UTC
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This has been a bullish week for China
It is very very clear that the US market has underestimated the Ai capabilities of China but this is something we have been banging the table about for the last 2 years.
$BIDU is already streets ahead with their Robotaxi capabilities and this is ...
2025-01-28 13:00:08 +0000 UTC
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The red ABC count has been on this chart for over 2 years now and completed this month and has not changed.
I have added a potential impulse count incase the bulls can break above $77 level and hold.
This would mean a run up to the 1.618 Fib at $98 for Wave 3, before a pull back to th...
2025-01-28 12:46:22 +0000 UTC
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I really like how $CRM has broken above the top blue line at $311 and retested this level from above and bounced strong.
I believe $311 has now been converted to support, so the next test for me will be the $404 level at the 1 Fib
The very bullish scenario would be a run up to the 1.6...
2025-01-28 12:42:17 +0000 UTC
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