VIX maybe have a positive reaction to the static support or floor of descending channel.
ABC shark pattern AB=0.38 5-A BC=1.6 AB C-3=1.6 BC
four targets possibility with shark harmonic pattern: AB=0.38 XA BC=1.6 AB CD=0.88 XA=$52 or CD=1.6 BC=$59 or CD=1.13 XA=$96 or CD=2.24 BC=$193
the target of shark pattern is %78 of XA on butterfly pattern.
AB=0.78 XA=$0.41 BC=0.38 AB=$0.87 CD=1.27 XA=$0.12 DE=0.61 CD=$0.41
the targets of ABC correction have been calculated base on the butterfly harmonic pattern. A=$0.41 B=$0.87 C=$0.12
The microwave 5 is starting on wave 1 with the target of 17.5. Catch right price and time of wave 3.
Looking at the 30 minute chart, we can see that $GME is forming an inverse head and shoulders pattern. However please note that prices are yet to break above the confirmation line which is right around the 220.00 area. An important factor to note here is that the right shoulder is forming above the 5DMA and the slope of the MA is positive. I therefore expect...
Nokia does not have other ratios of the butterfly pattern but 2.24 is for this pattern only. 5-A=2.24 4-5 so target of the 5th wave could be: C-5=2.24 B-C=$50 *shark reversal scenario*
Nokia's fair value is 4.6$ and a positive divergence is created as wave C falls below previous wave 1. The microwave 5 is starting on new wave 1.
As long as it is not more than 200, it is suspicious of the head and shoulder pattern with a short-term target of 34$, and if it goes above 250, the butterfly pattern could shift to the Cypher pattern with a target between 560 to 700 and then falls to 5$.
AB=0.61 XA BC=0.78 AB CD=1.6 BC
The previous trends, both the upward and downward trendlines, have failed to predict the price action. I took away everything except my Gann Fan and one reliable trendline. At this moment I believe we'll see a bounce on the 24th. It could be somewhat jarring.
It's not pullback to 250. buy in three steps: 64 & 34 & 20
$RKT stock has now skyrocketed 113.6% over the past three days, since the company reported better-than-expected fourth-quarter earnings and announced a special dividend of $1.11 a share. S3 Analytics said there has been a "large amount of short selling" into the stock's (RKT) recent rally, with short interest interest increasing to 47.9 million shares, or 45.8% of...
I am long from $8.95. This a great set up where we have completed 5 obvious waves up with a ABC correction into the 0.618 fib level, structure area and the bottom of wave 4. Also, we have formed a morning star with todays gap up. Also, not pictured I have counted the waves down into Wave C, which finished at the projected level. Stocks should also rebound at least...
Added more $8 April 16th calls this AM.. prepare to SNED.
SNDL saw a good amount of volume and increase past week. We got in last week and got out with quick profits. Although the volume that it has looks bullish the patterns that we can see in our analysis are looking bearish. If there will be a good volume and a big love to this stock then it can break the bearish patterns. But for now we put a bearish mark to this...