stock_adelie

stock_adelie Updated 

- Two critical support zones correspond with the 0.382 and 0.618 Fibonacci retracement levels of the entire swing from A to B, enhancing the significance of these support levels. - After two months of ranging, the price finally broke below the critical support zone as volume spiked, confirming the breakout and leading to a significant drop. - If the price does...

stock_adelie Updated 

Trend - Downtrend confirmed. - Components of the channel chart: The original downtrend channel plus a 100% extended channel. Both channels divided in half by blue dotted lines. The shaded zones furthest from the center represent "overbought/oversold forces," which counterbalance each other. - Currently, the price is descending into the extended...

stock_adelie

Trend - On the weekly chart: Clearly showing an uptrend. - The uptrend channel has extended 100% and is expected to return to the middle line at least, with a chance of reaching the lower band of the original channel. 100% Symmetrical Projection: Uptrend “N” Patterns - A 100% Symmetrical Projection of the initial swing (from A to B) and then projected...

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Trend - On the weekly chart: Still within the large uptrend channel since January 2023. - On the daily chart: The minor uptrend channel since October 2023 was broken with moderate volume. - Although the long-term uptrend remains intact, the short-term momentum may be pausing. 100% Symmetrical Projection: Uptrend “N” Patterns - There are two price...

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Trend -- The price has surpassed the healthy channel from the end of 2022. -- It is possible that the momentum move is nearing its end and entering an overbought zone. 100% Symmetrical Projection: Uptrend "N" Patterns There are two "N" Patterns: a Large Purple N and a Small Orange N. N Pattern's Target Price & Fibonacci Price Cluster -- The target...

stock_adelie

Last Friday, on October 13th, a significant white candle with exceptionally high volume was observed, possibly driven by two catalysts: – Escalating geopolitical conflicts. – A decrease in CPI, leading to market expectations of a potential halt in rate increases by the Fed. Trend – A large white candle with exceptionally high volume touched the upper...

stock_adelie Updated 

The uptrend channel A 100% parallel extension of the uptrend channel indicates the strength of this bullish trend. Symmetrical projection: An uptrend N pattern By projecting a 100% symmetry projection of the initial swing from point A to B, and extending it from point C, the target price would be point D at $303.3. Given that the anticipated...

stock_adelie

Channel - There’s a clear uptrend channel. Symmetrical projection: An uptrend N pattern - By projecting a 100% symmetry projection of the initial swing from point A to B, and extending it from point C. - As the expected symmetric pullback to E did not occur, I anticipate a further 100% extension from D to F ($16,733). The target price level aligns with the...

stock_adelie Updated 

Channel - A minor uptrend exists within a main downtrend. For TESLA to officially transition into an uptrend, it must break the main downtrend and surpass the significant prior high at $313.5. Symmetrical projection: An uptrend N pattern - By projecting a 100% symmetry projection of the initial swing from point A to B, and extending it from point C. - As...

stock_adelie

Channel - There’s a clear uptrend channel. Symmetrical projection: An uptrend N pattern - By projecting a 100% symmetry projection of the initial swing from point A to B, and extending it from point C. - As the expected symmetric pullback to E did not occur, I anticipate a further 100% extension from D to F ($16733). The target price level aligns with the...

stock_adelie Updated 

The price has taken out the prior high at $157.5. → The recent downtrend has officially ended. Now we look for the uptrend rhyme. → Since there is a higher low formed and a clear resistance-turned-support at level B, we can project a 100% symmetry of the prior swing from A to B and project it from C. → The level of C happens to be the 0.618 Fibonacci...

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1. The price hasn't taken out the prior high (level X) at 13740 on a larger picture. So, technically, CME_MINI:NQ1! is still in a downtrend. 2. However, it's clear to see that the market is forming an up trend on the bottom now (higher high and higher low). 3. We can do a 100% symmetry projection of the prior swing from A to B, projected from C. -->...

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The market is forming a triangle. --> Wait for the nearest prior high or low to be taken off. And do a 100% symmetry projection to find the initial trade target. If the price down breaks the triangle, the 1.0 projection will be taken from A to B, projected from E. If the price up breaks the triangle, the 1.0 projection will be taken from B to C, projected from...

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The clear up trend and the symmetry of the prior swing pattern have been broken. The resistance turned support so well. It’s possible to see another 100% extension as bulls’ target price. However, considering what is shown in the previous point and the descending triangle that the market is forming now, I stay neutral at this moment. Conclusion: 1. Long...

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Trend: Up trend. Although the market failed going up to the next channel, it's still in the up trend channel. Better not to do a counter trade. Symmetry: I use 12119 as a centerline for the symmetry. Let's look at a larger picture on the daily chart. 12119 is the key R/S line and also the 0.5 retracement line of prior swing from A to B, which I found...

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If the market wants to keep a healthy bullish trend, the excess oversold disruption in box 1 should be reflected with price action in box 2, outside of the yellow box. And if the level of prior high at 11727 holds as support upon retesting, we can set our target price at 12068. But if the prior high cannot hold, the market is likely to range. By then, it's safer...

stock_adelie Updated 

An update for the previous post. Just be careful of one thing... When the resistance is too obvious (the kind that everyone can see and is waiting for the same opportunity), the market is likely to shake some people out of the boat first. So it's safer to wait for the market to re-test the support (resistance turn support) after the breakout. **Not Financial...

stock_adelie

Preparing 2 scenarios: one for long and the other for short. Currently, the market is ranging mainly between 11180 and 10870. If the price up breaks 11180 , we can expect our TP price to be at 11605. On the way to our target price, we need to be aware of the level at 11490 and the downtrend line at the larger timescale that the levels could be potential...