Rising interest rates = Overselling of Z ~$20 tested twice in history; Third time's a charm :)
Support at $105. Support will hold because RSI is oversold & Zig Zag ABC correction is coming to an end. Easy outlook! Have hedges up to $100 in case of a wick. Good Luck!
I truly see this playing out - WISH is in a zig-zag pattern (bearish). The 5th wave will end when we touch the bottom trendline. The timeline for this bearishness is 4-6 weeks with a target of $1.7-$2. Depending on the time it takes, the equivalent price on the trendline will be the bottom. We will then get an ABC recovery, following our historical WISH ABC...
The S&P 500 is a linear instrument for making money. If we examine this index on the log scale, we derive a historical price channel that can call recessions/depressions. We are close to a huge resistance line. Zoom in for clarity!
Elliot Wave - Expanded Flats - What do you think? I quote the following segment from: elliottwave-forecast.com "Guidelines • A corrective 3 waves move labeled as ABC • Subdivision of waves A and B is in 3 waves • Subdivision of wave C is in 5 waves impulse / diagonal • Subdivision of wave A and B can be in any corrective 3 waves structure including zigzag,...
Shiba's price action is similar to DOGE when it first started getting hyped. However, I do not believe the hype will last over the years. From an Elliot Wave POV, SHIB is currently in grand wave 4/5, and I believe there is room for one last pump. Grand wave 4 will probably be a flat consolidation over the days when the bottom is made. My wave count gets...
Buy orders set for $7 and $5. Opening below current price = More likely Playing supports is key for a stock like this.
The uptrend was broken when ascending triangle broke to the downside. If 100 EMA +SMA doesn't hold then expect 200 EMA to be next. Holding = retest. Good Luck
When Support breaks it turns into future resistance. I see a chart trend forming in this stock. Who likes Sin waves?
I'm not a fan of penny stocks so buy at support. Horizontal support line + Bullish trendline = Entry
I'm not an investor in Wish. I merely trade the ride down. As the market is correcting, expect better deals soon. I will love to see WISH at $2, conforming to my ultimate ultra bear impulse count. If that were to happen, it would be near New Year's Eve, touching the trendline. WISH needs good PR ASAP for the bullish fractal to play. As per my last post, I got in...
Water will be an important commodity in the future. WTER has a smaller market cap. Possible macro W pattern forming. Limit orders set for $1, $.9, and $.8.
Limit Orders placed for $100 and $86. Super oversold IMO. Super solid fundamentals + Price Evaluation = Steal!
Buy Order set between the 1.786 macro fib and the 3.618 micro fib. Oversold so why not + Bullish Trendline Div Fundamentals aren't that good - Losing money (source: Balance Sheet). The company's product is in many supermarkets. Betting on this being the leader of alternative meats.
Indicators curling. Assuming this is not an extended flat (bearish), then the bullish scenario brings us here.
OXT to .618 fib and possible wick to the .786 This will be a momentum trend play so stay aware. I'm glad OXT broke back into its macro-rising formation!
Tesla negated the bearish megaphone pattern. Bears couldn't stop this beast! Fundamentals + Catalysts too strong! I just don't like its PE ratio... Wolfpack is green, RSI has room to go macro overbought, and I'm target the 1.618 fib for PT during this price discovery mode. We are currently in wave 3 of 5 (Elliot Waves...)
From my previous post comment: Keep an eye out for any catalysts on WISH. Market makers might choose to make $4.61 (Fib extension of 2) the bottom if economic activity gets better and Q4 is green. Present : I will be following this fractal and devising estimations via the daily EMA. Wolfpack is going green on the weekly! I am targeting one gap during the...