Just something to keep track of on QQQ....seems to be nearing a wave 3 top right after breaking previous ATH. Should consolidate here for a bit while everyone panics about recessions an such, then when it reaches around 340, we should see lift off again.
A look at potential path for QQC on TSX which follows QQQ Buy 1: 110-115 Stop 1: 103.72 PT 1: 149-155 Buy 2: 116-124 Stop 2: 98 Sell 2: 216-240
Here is a look at $SPY since the beginning of this year. It looks to me like were in the last leg of this rally, about to finish w5 right at the months long DTL, as we approach a bunch typical w5 fib levels, the A=C 1:1 extension of the oct 13-nov 1 swing, and the 200 MA. The daily RSI is also approaching overbought territory. If we get a rejection at the...
We've got bounces at some typical EW fib levels, so here is a potential play. With the merge coming up, we could see some bullish action. This lines up with some upside targets im seeing on Apple and AMD as well.
This is a pretty clear count. We are near typical w4 bounce zones and have several avwaps as support including the 2017 low. Good zone to buy in my opinion.
$PLTR weekly showing a reversal after completion of a 5-3-5 correction. A pullback from 10-12 could be a good place to go long.
Critical area......could see 23-25k if we break below
Potential setup here at channel bottom with 200 dma and daily + weekly rsi support. gotta respect the stop below the volume node outcrop at 37.60, in case it continues to drop to the larger volume node and demand zone between 35-32. worth a shot i think
Potential long term (2+ year) equity play AMD looks to be in a cycle wave 4, with wave 3 following the path of the pitchfork perfectly since 2018. It is now approaching the 1-STD from the median line, which coincided with the 78.6% retracement of the previous sub-wave 4 to sub-wave 5. There could be a good opportunity (25 R:R) to go long in the low 80's with a...
$ARKW confluence of wave 4 fibs + pitchfork median on the weekly timeframe. Top 10 holdings: $TSLA $COIN $GBTC $ROKU $TDOC $ZM $TWLO $SPOT $TWTR $SQ Cathie wood has recently been going on and on about the revenue growth of these companies and how the share price does not reflect the opportunity ahead. This might be one of the best growth ETFs around if Cathie...
This might be the best play of 2022 Clean count, Fib time confluence, incredible relative strength since Oct, just broke ATH and found support at 21 EMA. "picks and shovels" play in EV space gives exposure to growth landscape w/o the risk. This company is the only domestic rare earth mining play giving it particular geopolitical importance over the next decade...
Ali Baba holdings looks to be at historic levels...it has completed a 5 wave move from 2015 to 2020 and has now retraced 61.8% of that move in a 5 wave impulsive move down. This is a great place to add some Chinese e-commerce exposure for the long term with weekly RSI having been oversold in sept and now forming a higher high as price formed a lower low. With...
Plantir has a pretty clear count. The only thing that throws in some confusion is if you use a log scale or arithmetic scale. Both scenarios result in the same conclusion for the short term....its time to buy! On the arithmetic scale, we have reached the 78.6% retracement and the weekly RSI is very close to oversold levels. We could see a bounce for to hit the...
2 possible paths for BTC but in the short to medium term, they both lead the same way. We may see a reversal here but we need to clear 57k then 62k then 68k before im convinced this is wave 3 of primary wave 5. If we get rejected below those levels, i'll be looking for a move down to 3500 if not 3200. As long as we are above 28800 the bull count is still valid....
The macro count is pretty clear. We're below the 38.2% fib of the impulsive move from the covid lows, and approaching the 50% fib as well as the bottom of the channel. The weekly RSI is lower then even the covid lows of march 2020. In fact the RSI hasn't been this low since inception in 2016. As with all of ARK's ETF's these are long term plays. If you want...
-Primary W4 target zone (38.2 - 50) -Nearing channel bottom -Reached 1st fib target for Y leg of W4 (-23.6) -Confluent support of 38.2 fib and channel bottom -Weekly RSI at march 2020 covid lows -Downside risk defined at 72.50 From the looks of it, we might be nearing a bottom on growth stocks. Keep in mind this is a weekly chart so if we do continue down, it...
Preferred instrument: common shares Entry: $36.50 SL 1: $34 SL 2: $30.90 PT 1: $60 (4.2 R:R) PT 2: $71 (6.2 R:R) PT 3: $135 (17.6 R:R) Potential wave 5 setup from March 2020 covid lows. If 30.90 does not hold wav 4 is actually wave 2, next major support is 23
Preferred instrument: common shares Entry: 35.80 - 36.90 SL 1: $35.75 SL 2: $33 PT 1: $45 PT 2: $52 PT 3: $72 Potential wave 5 setup from Sept 1 low. If 33 does not hold, next major support is 23-27