kstrizzle001

kstrizzle001

GDX has a fairly clean set up if one looks deep enough. If Algos and pitchforks are the best plays in trading then you've come to the chart for you. Some simple insights for anyone interested. Algos - sell side algo is active and suggest a target of less than zero -$0.74 ish, buy side algo suggest one of those red lines above will get tagged. Pitchforks say that...

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MP closed the week with a hammer candle, if this is confirmed with next week's candle close, this would set a short term bottom for MP. Red lines above mark the potential target for this wave (1) off the lows. So far it is shaping up as a leading diag off the lows for wave i, suggesting this next wave iii higher will be robust (as long as the low at 20.21 holds)....

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TSLA has history, and if one looks close enough, they can read the writing in the candles, specifically the 5 day candles that are bearish engulfing. These tend to happen at tops and in pairs. One of these candles is already here, and if TSLA gets another bearish engulfing candle near this white (b), then the ALGO target of $28.99 could be underway (as this has...

kstrizzle001 Updated 

SPY long term observation.... maybe we don't get bullish until 2031-ish? - Hard to argue against the counts on this chart and if the (3) is truly in then the (4) should be of similar size and duration as the (2) - so I drew the (2) in yellow and overlaid it against the potential top for (3), also added in some simplistic channels and highlighted a very low volume...

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BX weekly candle close was epic, a bearish gravestone doji. What makes this set up even more saucy is that the measured B wave is currently at a 1:1 ratio for its a=c waves (not labeled) and it retraced 50% of its A wave (normal place for the B wave to end). Sell side Algos are also in play, with PA reaching the half way back for the entire move down and a golden...

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QQQ is at an inflection area. It should soon determine which path is primary. There are arguments to be made for both paths, but bulls currently have a slight edge. Should the yellow region be lost by QQQ it opens the door for the bears to come charging in. Weekly close is shaping up to be a very similar formation as in the orange circle (bearish harami) -...

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Weekly close will likely shape up as a bearish harami combo with a shooting star candle as well - strong bearish signals this would create. Also of note, techs - MACD and RSI have bearish divergences. Andrew's pitchfork to the upside has not yet been achieved, and if it fails, the measured geometrical move (per fibs from the all time high via EW - abc correction)...

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SPY is trying to set up a very bearish attack on the weekly time frame that could morph into a much larger correction. It will likely take another week until SPY sets the tone for its next moves, but there is some bearish divergence in RSI that suggest this white path could gain steam. Daily candles are already signaling caution, and if next week's closing candle...

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BTC is likely setting up a monster of a move higher, but if this diag path plays out it will crush late longs and offer those with patience a shot at much better prices than many currently think. IMO - BTC could be setting up the last leg of a leading diag off the lows, if this is true, then diags like to retrace towards their origin and this blue path would...

kstrizzle001

BE, bullish engulfing candle on the weekly time frame is critical for DIS this week. If it does hold and potentially get stronger, it would be a similar set up as the yellow circle, suggesting 200 is the magnet by next summer. EW and techs support this thesis... should have a clear picture by Friday. The alt count is this could be a wave B up, targets are 150/200...

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Quarterly candle was a bearish engulfing, suggesting lower prices for this quarter. Other indicators also suggest one more push down is needed to complete this wave 4 correction/flat. Although the recent moves off the lows can be seen as motive, there is not a clean impulsive structure that really fits what the candles are saying on larger time frames. Last week...

kstrizzle001

TSLA may have completed a significant top today - daily closure could be construed as a spinning top (will require confirmation). Also of note is a 3 GAPs formation, indicating a retracement is on the horizon. The yellow count has more of the look with current PA, but the white count has almost as equal shot of playing out... level by level atm, but if that white...

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LUCID - likely has the best battery operated cars on the planet. So how does that influence price? Well, to date it hasn't as all eyes are on production and scaling up so the rest of the world can see these beauties. But if one observes the charts closely there is some driving forces that could catapult price into the clouds. The candles on a 5-day timeframe are...

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RIVN - as someone who lives on the west coast, I have seen these trucks up close, and I can honestly say they are breathtaking from every angle. But how does that influence price? It doesn't, lol... but if today's low holds, then RIVN is setting up for a potential push higher as outlined in the chart. Today's daily candle closure is a bullish harami combo - which...

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DIS has responded as suggested since the last post that identified the gap and go along with the bottoming candle formations made to date. Now it appears DIS will take a small breather, and potentially fill in the gap before heading much higher. 93.54 is the upside target before retracing, but there are enough Elliott Wave counts for a motive wave off the lows so...

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DIS 2 day candles closed today with a Bullish Engulfing candle that could also be construed as a tweezer bottom. Of note on the daily is a 3 gap down formation, a concealing baby swallow formation at the lows, along with a bullish harami combo and an inside day. What does this mean? IMO, I believe DIS will soon gap up and go, forming a frypan bottom or an island...

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AI formed a mid-term bottom with its last 3-month candle closure that engulfed 4 previous candles - a very strong statement. Currently it has the potential to form 3 white soldiers on this 3-month timeframe. If this does play out, the min target is 250/300. Anything can happen with the current candle that will close in 1 month, but the projections are on the chart...

kstrizzle001

NQ is likely completing a significant structure off the recent lows, the real puzzle is what kind of structure is it completing (or may have already completed)? I present a few options on this chart for those inclined to follow... All three suggest downward pressure into July... note the bearish continuation divergences in techs... algos suggest the yellow path is...