Last time I posted about DKNG, I said we would come up to hit the 161.8% extension and we hit that nearly perfectly last week. Looking for wave 4 pullback/consolidation to take place before pushing for a fifth wave higher. Pennant and path shown is just a guess-timate, please take it with a grain of salt. Let's see if this plays out!
Like AAPL, looking for a pullback before entering a long position again. As long as we hold under $3554, I will have a short-term bearish biased. Overall market weakness agrees with this as well. Buyable region that I'm looking for is the $3250-3350 for $3700+ target.
Watching for a pullback and hold of the fibonacci retracement zone I have drawn out before going long again. If golden pocket (61.8-65%) doesn't hold here, looking for the 78.6% to hold at $147. That level also coincides near major uptrend support.
Another prime short contender that can see nice downside potential IF market weakness accelerates. Simple longterm bullish channel that has held since last year. Notice every time we reach the red region, we see some sort of pullback either back to the median (white line) or support (green line). I have a small short position as a hedge to the overall bull...
With markets looking really shaky into close today, Amazon looks like a prime contender for a pullback. Lines up nicely with the daily reversal candle and anticipated EWT wave 2 pullback. As long as the high holds here, expecting a move down to my fibonacci box zone shown. Be cautious if you're long.
My target of $155 nearly hitting today! Congrats to all who played the upside move with me. Looking for a nice dip before entering for another push higher. Patience here.
Tesla possible we put in a smaller degree wave 4 last week and consolidating for a final push higher to my $725 target. We should see a nice dip from there that will be very buyable. Expecting a major push upwards from there. As long as $695 holds, this count is valid!
Basing very nicely after quite the pullback from the highs which looks healthy. This week, we can potentially see PayPal confirm upside if we can break above key resistance level shown. Looking for an impulsive move up to the $285-288 region. My fractal is denoted in the light blue candle pattern and lines up with my bullish thesis nicely. Just something to note.
Amazing setup for the week showing lots of strength. Ideally really want a dip early in the week for an opportunity to get in at a lower price. However, that may not happen. Looking for the $64-65 region to the upside before a larger pullback occurs which will also be buyable.
Loving this setup going into the week, I entered a swing position last Friday near open. Already up in decent profit. As long as the lows hold around $216, we should expect an impulsive move up to the $230-231 region. Ultimately looking for $238-241 to completely take profits on my swing, but that may take a little longer.
Broke out of the bullish falling wedge pattern last week! Smaller ascending triangle formed end of the week and looking for continuation if we can break above! Very solid setup going into the week.
Peleton reported earnings after hours today, Big dip. No description needed. Just yes.
Looking to buy any significant dip on DKNG as long as the $56 level holds. This is a KEY pivot level. A couple different ways to count this chart, a bit more complex so will be patient and wait for my pullback. Regardless, looking for target around $64-65 as long as $56 holds.
Wow! No pullbacks in sight for this one being incredibly strong. Nearly hit my upside target already. Will be patient here and wait for the pullback I'm expecting. No need to force a trade if it doesn't meet my requirements. I'm ok missing out.
PayPal looking to conclude it's wave 4 pullback and begin it's final impulsive wave up. Consolidating with a double bottom pattern as well as declining volume throughout this period. Waiting for a break above the previous pivot high + volume for confirmation to enter. Target around $340 if everything goes accordingly. Please note the light blue projection as my...
This is a more in-depth analysis on what I'm seeing for Tesla. I will be using the Bump and Run Reversal Bottom Pattern for this analysis. Please view the thread for an understanding of the model I will be referring to. I believe we have finished the Lead-in Phase and currently in the final part of the Bump Phase. We should see a small retracement which will...
Just another update since my post on Sunday. Following my path to the T so far. Still remaining patient with this one as I look to buy the next dip for a swing trade contender! Good luck everyone.
I believe QCOM is very under-rated and not seeing much talk about it. This is a beautiful descending broadening wedge forming to conclude wave 4. Please note the increasing volume throughout consolidation as well. A break and hold above this wedge will confirm bullish continuation into a wave 5. Target in the $160 region.