Continues to move well here and like $NVDA, looks like another leg up is ready here over the next few sessions to $130 to complete Wave 5.
Price is above the 50 and 200 Day MA's now too, the ...
2024-09-25 13:27:27 +0000 UTC
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Remember, as days continue on, the wedge trend line moves down, and so does the support level, as it is slanted.
Price is clearly holding on the outside of the wedge here, testing it over con...
2024-09-25 13:24:13 +0000 UTC
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$HIMS If the 50 Day MA here offers some resistance, we could see the right shoulder in this Inverse Head and Shoulders pattern forming.....so a retest of the 200 Day MA would be next
I know w...
2024-09-25 13:15:16 +0000 UTC
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$NVDA is surviving this week fairly well and has used the 50 Day MA now to propel higher and is up comfortably in the PM now, the wedge top line is at $126, so this is the next target if $NVDA can ...
2024-09-25 13:07:56 +0000 UTC
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I want to be very clear here, every pull back in $TLT and $TMF over the next few weeks is an opportunity to buy the dip.
I would not say this on other positions but Bonds will increase when t...
2024-09-25 12:56:24 +0000 UTC
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HSI still finished up 0.6% today, in spite of the pull back in the afternoon trading in Hong Kong, up another 4% at one stage today too.
Price has not hit the 1.618 Fib yet but has come very ...
2024-09-25 08:46:00 +0000 UTC
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This pull back could not have worked out any better so far, the price finished exactly at the confluence level yesterday above the 200 Day MA, between the 0.5 - 0.618 Fib levels.
So let's wai...
2024-09-25 08:39:19 +0000 UTC
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There has been some consolidating below $9.75 level over the last 10 sessions, right now we can't rule out a lower low to where Wave C is but if we can get a higher high next above $9.75, then this...
2024-09-24 17:15:10 +0000 UTC
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Bringing this back to your attention too because we have a breakout of the wedge, followed by a successful retest and hold.
We could see a movement up to the blue line next at $53, so a break...
2024-09-24 16:46:47 +0000 UTC
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We have a breakout here out of the wedge.
The 200 Day MA is just slightly above at $14.50, so a breakout, followed by a retest of the wedge would be the ideal move next, which is what we are ...
2024-09-24 16:41:55 +0000 UTC
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$SLV commentary is identical to Silvers chart.
2024-09-24 16:36:19 +0000 UTC
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$GOOG's price action is right in between the 50 and 200 Day MA's right now, this is suppose to be the worst performing week of the year, so if the price can stay within this tight range between the...
2024-09-24 16:31:47 +0000 UTC
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It should be no surprise to see that the blue line and the yellow top trend line is where the price action has stopped today, telling us that the market has identified this important support/resist...
2024-09-24 16:26:14 +0000 UTC
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We now know that the pull back to the 0.38 Fib was subwave 4 and now we have a bounce up to the 50 Day MA.
We will need to see how the price handles this potential resistance level, any rejec...
2024-09-24 16:20:28 +0000 UTC
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Silver is getting a strong bounce today and I believe this is down to China coming out aggressively with a stimulus package, this will likely flood the Chinese market with liquidity, China has also...
2024-09-24 16:16:28 +0000 UTC
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Price action has knocked on the 200 Day MA for 6 days in a row now under $64k, price went slightly above this level yesterday but no conversion to support, there is no rejection at this level eithe...
2024-09-24 13:14:20 +0000 UTC
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DOJ is really doing us a favour here, $V is being accused of monopoly practices now, which is quite odd since they've had this control on the market for what must be decades now but the moment it s...
2024-09-24 12:57:03 +0000 UTC
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This is the other chart I have shared here but mainly the one I share on X with less details
We can see that the First Target aligns with the new 1.618 Fib, uploaded today
$120 is an im...
2024-09-24 12:31:42 +0000 UTC
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$YINN is up a whopping +16.2% now in the PM and finished yesterday up +5.8%, a 23% gain in 24hrs.
Wave 3 has also run aggressive here after todays news so I am looking at the blue line here o...
2024-09-24 12:25:30 +0000 UTC
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No changes to the HSI chart here, which is aligned with the new update on the $BABA chart.
We can see a clear Wave 3 move over the last week and there is no denying how bullish this looks now...
2024-09-24 12:18:00 +0000 UTC
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Ok this catalyst from China has blown the original 1.618 Fib through the roof at $88 and I think it might be more suitable to consider the larger impulse count, from the low at the start of the yea...
2024-09-24 12:12:01 +0000 UTC
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Up over +7% in the PM now and we can say that Subwave 4 is complete now and we are Subwave 5.
China released a wrath of QE measures overnight, including reducing banks reserve cash and said ...
2024-09-24 11:59:08 +0000 UTC
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We are seeing a pull back here after a run up to the 2.618 Fib for Wave 5, which would be the standard extension for Wave 5 without any extended runs of euphoria
Pull back has gone below the ...
2024-09-23 22:11:41 +0000 UTC
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Wedge breakout here and looking like a retest to a VERY strong confluence level at $35:
Wedge breakout line
The 50 Day MA
The 200 Day MA
...
2024-09-23 19:13:10 +0000 UTC
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Bringing this back to your attention because the chart is so beautiful and not changed but also about to test its previous Wave 3 high at $381, clearing this level and this clears the way to move h...
2024-09-23 19:07:52 +0000 UTC
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Ok we have the breakout, we have the test of the 200 Day MA and now we have the retest of the breakout level at 157P exactly.
No we want to see a bounce from here above the 200 Day MA and con...
2024-09-23 18:58:47 +0000 UTC
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$HIMS continues to be very popular in our group and it is a big position for me.
Price has not tested the 50 Day MA but tested the 0.38 Fib on Friday at $15.77, since then it has made a highe...
2024-09-23 18:39:47 +0000 UTC
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Continues to test the bottom trend line from below at $2.20, this line needs to be flipped to support to take the pressure off here and rule out a flush down to the $1.65 blue support line.
G...
2024-09-23 18:35:16 +0000 UTC
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This would be an interesting set up if we continue to see a pull back to the 200 Day MA here at $150.
We'd have a hold on the Primary 0.618 Fib in August at $133
A second 0.618 Fib hold...
2024-09-23 18:32:18 +0000 UTC
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Textbook.
Higher low, breaking back above the confluence level of the 0.618 Fib and the 50 and 200 Day MA, makes a higher high and just takes off, on track to move to our Wave 3 target, can n...
2024-09-23 15:07:41 +0000 UTC
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