Had to reasses my elliot wave count here and adjust accordingly. I did not get in a long since the smaller time frame never ended up confirming, this is the updated count, we may have finished the 5 of a ending diagnol here, and will get long if we get a 30 pullback and 5 to confirm.
I believe that the lows are in. We should find support in this area here for a bounce.
Ending Diagnol on Crude Oil, Once this is confirmed, Ill get long.
As mentioned before, Crude Oil is going to find lows very soon. I believe we are in a WAVE C of a correction, and need to finish 5 waves within that C, as labeled in the chart. After we get this finish, it is very safe to say crude oil has found a low for some time. Regardless of Elliot wave, we need to get in via confirmation. That means at the minimum we want to...
this is the zone i expect to hold on ETH, this is a good area to get long, as we are facing major support levels, a bounce off this should take us to $4300+. IF (and I don't think this happens, we break that red line which is around $2000ish, ETH is in big trouble). I am bullish on ETH still.
CRUDE OIL, is expected to find a bottom really soon based on fib and if this is a 1-2 1-2 (elliot wave), we are about to be hit by a monster 3, driving prices to $100+ by mid-end july. I believe there is a strong chance we hold these levels drawn below. IT IS possible we come lower than those levels to get a deeper retest before going higher, as long as we dont...
ABBV NEEDS to start holding support now if it wants to continue higher. it is buyable as of now, BUT, if we start breaking the swing high (labeled with a red line) this will be in trouble and could see a drop down to sub $120.
Id be very cautious on being long on Tesla right now. Theres better stocks out there right now to be long on. Tesla has a large zig zag behind it, which has a high likelyhood of pushing prices a lot lower. If we start failing now, and cant hold this current zone, and even breaking 150$ is the last straw, this stock is toast and can see a drop to 120-100 dollars....
apple should start to fail here if this market wants lower, THIS IS A KEY ZONE
these are the zones now that i am using to short spy and get a move down to 509 and below.
if spy can come up into that zone, that is a shortable set up with the stop above the highs (red line)
bac long at this zone. should hold here. looking for targets to the upside on this one.
short set up. a move up into that zone should produce a move down.
as long as we hold this zone, nvda is continuing lower from this exact zone.
Outlook for tomorrow, we should hold this zone as resistance and continue lower to targets.
if nvda wants to continue lower from here, i have drawn out the zone it must hold if it wants to keep the trend of this degree intact, reaching targets of 1,000+. However, if we do not hold this NVDA is most likely in trouble with prices having a potential to retrace back to $400-$300 area, and if we can hold from there we can see targets of $1500+ Please note...
bounce into that zone should produce targets if this trend is still intact, 1-4 risk reward ratio. Good trade to look at.
potential wave e of a triangle in play as long as we can hold right now this makes for a very small risk for a high reward trade..