chiefwils0n

chiefwils0n Updated 

Hi Traders, RIVN formed a CUP on the 240 chart. I anticipate the handle will close the small gap around the $19.80 area, which is also a trend support zone. Once price is in this area, consider a bullish position targeting the $24 trend resistance. Once RIVN breaks trend resistance, target $34 which is the 1:1 ratio from the depth of the cup pattern. Entry:...

chiefwils0n Updated 

Hi Traders, PLTR is oversold on the 2HR, 4HR, and daily charts and has nearly completed a corrective wave. This corrective wave is denoted by the yellow ABC pattern (also known as a Zig Zag pattern) in Elliot Wave analysis. The Wave Trend indicator is extremely oversold since the signal is far below the green boundary as shown on the chart. I anticipate PLTR...

chiefwils0n Updated 

Hi Traders, NIO's main seasonality is January with 83% win rate (stock is green). We started this year at $8.41 on 2 Jan, which means by 31 January, NIO will likely be higher than $8.41. I'm targeting the 1/19 $10 CALL option (which is currently $0.14), based on positive RSI divergence on the 2hr chart. In addition, NIO closed the $8.50 gap and is currently...

chiefwils0n Updated 

Hi Traders, TSLA appears to be breaking the handle in this cup and handle pattern on the weekly charts, with horizontal resistance at $300, and trend resistance at $255. If TSLA can't break trend resistance, I anticipate a pullback to the $230 area. Targeting $297. If TSLA breaks $300, targeting $405 2024 is a bull market. Happy Trading!

chiefwils0n

Hi Traders, TSLA is showing: Bearish trend resistance at $255 Bearish Divergence (HIST, MACD, OBV, RSI) If TSLA breaks resistance, targeting $268. Otherwise, looking for a retest of trend support around $230. Happy Trading!

chiefwils0n

Cup & Handle Pattern on the Weekly Happy Trading!

chiefwils0n Updated 

Hi, I'm bearish on AAPL in the short term based on the following: Testing weekly resistance at $157 Bearish Divergence on 1hr, 2hr, 4hr, and daily chart Wave Trend in overbought territory Ascending wedge pattern (bearish) Happy Trading!

chiefwils0n

Hi, I’m bearish on ES, based on the following: strong triple rejection on Weekly resistance zone Alternatively , the ES could recover from the current neutral pattern (symmetrical triangle) and retest Weekly Resistance at the 4200 level Weekly/ Monthly support is ~3600 Happy Trading!

chiefwils0n

Hi Traders, Nasdaq is extremely bullish based on: Bullish Flag pattern (green channel) Short-term falling wedge pattern (inner blue channel) Bullish Divergence on Stoch, VWMACD, and RSI Strong support at 12230 RSI in demand (BUY) zone Possible completion of Wave 4, before Wave 5 to upside First target is 13200, followed by an extension to the...

chiefwils0n Updated 

Hi Traders, TSLA is showing multiple bearish divergences on the 4HR chart. TSLA has rejected $200 area 5 times. Wave 3 of 5 extended to the 3.61 area; I expect a healthy bullish pullback to the $150 area, but TSLA has strong support at the $170-$175 area. TSLA could extend to the 4.61 area ($213), ignoring the bearish divergence Happy Trading! ...

chiefwils0n

Hi Investors/Traders, Targeting $145 gap-close, which is a healthy bullish 61% retracement from $180 high (base of trend measured from the ascending triangle breakout). First target is $160. Happy Trading

chiefwils0n

Greetings All, Bullish RSI divergence on the 2hr $200, $220 targets

chiefwils0n Updated 

Greetings, I remain bullish on TSLA towards the $860 target. This analysis focuses on the 2hr chart. My bull thesis for TSLA: Cup & Handle pattern formed on the 2h chart. I anticipated a retracement to the $700 area, forming the handle of the cup pattern last week (see idea link below). Inverted H&S pattern formed on the 2h chart. Price is at 50%...

chiefwils0n Updated 

Greetings All, I'm bullish on TSLA based on weekly, daily, and hourly charts. This analysis focuses on the 2hr chart. My bull thesis for TSLA: Rising price and rising volume indicate bullish price action. Cup pattern forming on the 2h chart. A retracement to the $700 area (forming the handle of the cup pattern) is likely, based on bearish divergence and...

chiefwils0n Updated 

Greetings All, Small inverse H&S formed on the 60min. AAPL broke the neckline (bullish). $150 is the minimum target, based on formation of the HEAD. AAPL must first break resistance of 9EMA ($142), and 20EMA ($148), which are based on daily candles. Happy Trading!

chiefwils0n

Greetings All, I'm bullish on the NVDA. I focus this analysis on the 2h chart. Bull Thesis: NVDA is currently in the C wave (last wave) of Elliot's ABC corrective zigzag pattern. NVDA has formed a larger falling wedge pattern (bullish) within the ABC corrective pattern. NVDA broke to the upside of this pattern last week. NVDA closed above the 9EMA and...

chiefwils0n

Greetings All, My bearish thesis for NQ futures this summer: Bearish H&S pattern, with a neckline break (bearish). The market is has retraced to this neckline, which is a classic pullback test. Multiple (7) bearish divergences on the daily bar. Price is well below 200MA. 20MA is resistance for now. Price is rising, volume is falling, indicating...

chiefwils0n

Greetings, My bearish thesis is depicted within the chart imagery. Target area of support is $200. Happy Trading!