leslieyimsm

leslieyimsm Updated 

This is a rather complex chart because there's quite a number of waves & patterns to look out for. (Well :) who said trading is easy?!) So, I draw my perspective basing on the Daily chart. 1) yellow 12345 = impulse wave down 2) Blue ABC = retracement 3) Green 12 = another impulse wave Right now I'm seeing the end of wave 1 (green line) and forecasting that we...

leslieyimsm Updated 

Based on this 4H chart, it's currently in a downtrend. Also, completed an ABCDE continuation pattern. Forecast to see a small pullback to Supply Zone before selling off! Target profit 1 = next support i.e. 40k area (based on Daily) Target profit 2 = next Demand Zone around 38k area (based on Daily) Heading into the weekend. Volatility usually isn't high. Be...

leslieyimsm Updated 

Based on this 4H chart, there's an inverted H&S pattern. Given the selloff last Friday, the momentum is being suppressed a little. Let's see if it will breakout from its neckline. If it does, then 1st TP will be the recent high. Will like to see price holds above 1620. If it doesn't, then likely it's a fail pattern. Look for strong patterns on tech counters...

leslieyimsm

All the index has experienced a relative selloff recently. So what will this bounce up be, a retracement or trend continuation? If it reversed at 4480 (white line), then it's a retracement and we can expect to see more selloff in the upcoming weeks..likely to reach 4200 area. If this rally continues all the way to 4500 area (green line), then the bulls are back...

leslieyimsm

Strong support at $90. However, down trend line also is strong. Weakening momentum as confirmed by the MACD indicator. Likely to see the down trendline holding down prices. Will have to see which Demand Zone (green boxes) provides the support. If it doesn't and it breaks below the $90 support, then it might fall to $75-$80. Definitely don't want to see it fall...

leslieyimsm

So the wave 1 and 2 played out as forecasted! So we can expect wave 3 to be true as well. If that's the case, we can forecast bitcoin hitting 68k by year's end! As it is, this current surge is still wave 1 within of wave 3 only! Crazy? Maybe! Time will tell and price will show :) Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my...

leslieyimsm

Recent price action is pretty similar to Bitcoin, and so the evaluation is going to be largely similar as well. Next place to watch is the immediate resistance at around 1.13 area. If we see strong rejection, then the upside is probably going to be limited and we will see more side ways action. If it goes all the way to 1.2 area, then we should be the bulls in...

leslieyimsm

Back in August, I applied the Fib. Retracement tool, albeit wrongly, to forecast the possible move the S&P 500 will go before a sizeable correction will happen. 2 months later, turns out to be pretty accurate! Well, not to the T but still pretty impressive I'd say! So, the next question will be how low will it go before resuming its trend? Or is this selloff the...

leslieyimsm

Falling Wedge: it usually is a pattern that serves as a reversal if it appeared in a downtrend. Get ready! Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations. If you have any symbols that you'd like me to analyze, feel free to drop me a comment.

leslieyimsm Updated 

Ending diagonal: found at the termination points of larger patterns, indicating exhaustion of larger movement. Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations. If you have any symbols that you'd like me to analyze, feel free to drop me a comment. p/s: Accidentally changed it to a Daily chart. Would have been...

leslieyimsm

Well, quite a weird pattern at this 4H chart. I'll go out on a limp to say that this is an ABC retracement, and we are about to see BTC shoot past the overhead 44000 resistance by next week, resuming the up trend. But if no buying strength comes in at the next couple of days or we see price grinds along the lower triangle boundary, then we should see a strong...

leslieyimsm Updated 

Great earnings and produced a runaway gap. Then price continue to grind higher throughout the rest of the month. Likely to see a 15% up move in the next month or so before pulling back. This stock looks like it has a longer term perspective. If it does pull back to $125 area, then it's probably good to accumulate. Disclaimer: I'm not giving any trading and...

leslieyimsm Updated 

Lots of technical readings going on at TDOC's chart! ABC correction wave Double bottom at support area Weekly Spinning top + hammer pattern Momentum is slowly picking up Should be 1 to hold for the long term. Target profit 1 at $180; just to lock in some profits Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart...

leslieyimsm Updated 

1. Price broke out of resistance area at beginning of August (blue arrow). Normal to see pullback after that. 2. Nice pennant pattern with doji bottom, which it hit a demand zone based on 1H chart. (Should have entered yesterday but too bad...didn't see this) 3. Forecast about 0.25 move, which happens to meet horizontal + trendline resistance. Disclaimer: I'm...

leslieyimsm Updated 

Paypal has rallied about 260% since covid19 low back in Mar'20. Price retraced after hitting ath on July 26, giving us ABC retracement (purple drawing line). What I'm forecasting now is a short 5 Elliot Wave up to Supply Zone. Waiting for pullback (4th wave) to Demand Zone. Since there's a gap up on Aug 30, my entry will be at $280. Target profit 1 at $300...

leslieyimsm Updated 

Healthcare sector seems bullish overall. Lots of stocks within this sector have bullish bias as well. NTLA have a pretty well defined ABCDE Triangle pattern, and any time now is a good time to enter. Stop loss below the low of C i.e. around $140. Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations. If you have...

leslieyimsm Updated 

Crowdstrike has had a good run up, about 800%, since covid19 low back in March 2020. Price is still contained within the long term up trendline, which means the uptrend is still intact. From the Weekly chart, it has completed the 12345 impulse wave, and is now at A retracement. Daily chart, it's currently pulling back to 4th wave and preparing for 5th wave...

leslieyimsm Updated 

This might be part of news play or is it? So, there's 2 scenarios that this can play out. 1. Market is going to rally to 4450 area, and then drop the 200 points *White 12345 = Daily impulse. Yellow 12345 + Green ABC = 4H complete cycle. Supply & Demand Zones as reversal areas. OR 2) Market continues to rally up past 4500, signaling trend continuation **Red...