Steve666

Steve666

Waste Management, Inc. (WM) shows several interesting formations in the $146-4148 region (This is a stock in transition after recent disappointing earnings and a counter market trend since Dec. 2022) First there is the pending Gartley harmonic pattern. This is complimented by 2 ABCD patterns which help confirm my above area of interest. I have clearly...

Steve666 Updated 

Activision (ATVI) earnings are in 5 days. (Feb 6th ... expected $1.51) We are currently in a developing Butterfly Harmonic My chart clearly illustrates 2 targets and trendline break challenges (2) along the way. Enough said Perhaps a safer trade might be to wait for a breach of challenges 1 and 2 Keep an eye on broader markets and DYODD. S..

Steve666 Updated 

I am always intrigued with patterns (harmonic) within patterns. Snap Inc. (Snap) fits that bill. (1) The Original pattern is a Cypher, which began life around Dec, 20th 2022. Target 1 has been met and I have marked Targets 2,3 and 4. (2 ) Coincidentally this is may be the beginning of a larger bearish harmonic pattern, whose beginning I marked as last...

Steve666 Updated 

Interesting Harmonic setup(s) for Utility Software (U) One Harmonic pattern is in progress (Bearish Shark) and one that is trying for the final leg of either a Bearish Bat or a Bearish Gartley pattern. We will watch this for the moment and see if the Bearish Shark hits the $30-32 area. Then we will reevaluate and if U resumes its upward trajectory to the...

Steve666 Updated 

This scenario has been active since early November. Why reinvent the wheel ! I would expect a pause now that we are at the 3rd resistance zone. Not investment advice do your own due diligence S

Steve666 Updated 

Certainly Apple ( AAPL ) is worth watching for a trend reversal within the stated zone objectives. Currently there is a confluence of 2 Harmonic Bat Patterns within a price reversal zone (PRZ) area. Additionally we have a triangle break with a target area objective which I have marked. I am not recommending any long position until a) The general...

Steve666 Updated 

A Gartley and a black swan harmonic suggests trouble ahead if todays rally falters. Very short term view. Short entry is $32.93 with a tight stop. Not investment advice do your own due diligence S,

Steve666 Updated 

Looking for Tesla (TSLA) to produce a Wolfe Wave bottom in the mid to low $130's over the next several days. (That said this is so oversold it may not get there.) This achieved I have an early February 2023 target of $190. Not investment advice ... do your own due diligence. Momentum oscillators in the bottom pane should give an early warning. Seasons...

Steve666 Updated 

Well I obviously bailed too early on this; which should be a lesson to me S.

Steve666 Updated 

Its hard to believe this stock has lost over 99% from its 2018 high. Early, mid and even recent cannabis adopters have been crushed. Was it hype, hubris or too much indulgence of the product ? Who knows . Ours is to find a profitable trading plan with the odds in our favour. There have been many points along the way to establish long positions, but like...

Steve666 Updated 

Picking bottoms particularly recently in the oil (WTI) complex, sometimes produces sticky fingers. That said, one could build a technical analysis case for a bottom formation at current levels. A) Longer term we have a completion of a Harmonic Bat. (insert) B) Shorter term turn we have : 1) A completed Wolfe Wave 2) Black Swan harmonic formation 3) An...

Steve666 Updated 

What Happens when Bearish Harmonic Crabs and Cyphers Meet ?? Of all the major 11 S&P sub-sectors, the Health care (XLV) seems the most technically vunerable. (see insert) Herein we have a well formed Gartley pattern waiting to roll over. Drilling down to the major holdings of this index, AbbVie Inc. (ABBV) also looks the most vulnerable and ready to roll...

Steve666

PayPal (PYPL) managed to return 30% in the first half of November 2022 and then gave it all back. Obviously going forward there are three possibilities: a) PYPL-Breaks dotted red line and traces out a Bullish Butterfly pattern with its point D being ~ $64 b) PYPL-Holds Bat D ~ $71 and traces out the same targets of the old Bullish Bat Pattern. c)...

Steve666 Updated 

Since mid-October IBM has produced a nearly 35% gain This would appear to have traced out a bullish impulse wave (1-2-3-4-5) It has also created a possible Wolfe Wave top with a short term downside target of $143-$144. Additionally one could envision two harmonic patterns in development. In the shorter term which a Gartley pattern supports the WW...

Steve666 Updated 

Here is a Costco trade (short or position flatten), I am looking at. We have an intersection of 2 harmonic sell patterns. (A Gartley and a Shark) (Note: I would feel more certain/comfortable of these patterns, if point X originated off the August 2022 high.) I have marked my most probable reversal area ($531-$534) and a stop above this level. As always...

Steve666 Updated 

I thought it might be useful be provide my elliptical analysis of the NAS100 for some direction and comment. My ellipse has modelled this quite well with several good touch points. (green dots) Additionally I have added a Fibonacci Fan using the blue dots as the range points and providing an extension in the future. (TradingView has yet to provide Fibonacci...

Steve666 Updated 

An update of my October 14th note. Two Harmonic patterns still remain in force after recent challenges. (ABCD and Crab) Possible triple bottom in place around the $1620 area. We have effectively reached the first ABCD target. An arc has been added to give context and show support levels I should expect some retreat from Fridays $50+ rise, $1670 remains...

Steve666 Updated 

Harmonically at least, Gold appears to be operating under two crab harmonic patterns. The longer pattern, in place since the peak on March 8th 2022, has hit its target 1. The shorter Deep Crab Pattern has hit targets 1 and 2. In the short term, it would not be unreasonable for Gold to retreat back to the late September low. A solid bottom here should trigger a...