thefinancialworld

thefinancialworld

$NVDA Elliott Wave Analysis Nvidia broke out to ATHs and I was able to profit off the move thanks to Elliott Waves! Elliott Waves are a great form of technical analysis to identify when the price is beginning an uptrend (Impulsive), as well as when finishing a corrective phase.

thefinancialworld

SMH, the semiconductor ETF has completed a beautiful combo correction and it appears wave 1 and 2 are already in! Trade plan Entry- Break of first supply zone Stop loss- Will take loss if price cannot turn supply into demand Price target- Overall price target for Wave 3 is 260, but I will be scalping in between the overall move to 260 using the zones as price...

thefinancialworld

Purple- 5 day ema Blue- 10 day ema Pink- 21 day ema Black- 50 day ema Thick Blue- 200 day ema

thefinancialworld

Alibaba has made a nice inverted head shoulders on the daily after coming down from an ATH of 319. You can also see the 21 ema (blue line) crossing over the 50 ema (black line). There is also a nice gap above the 280.97 level to 290. Seeing patterns form on the daily time frame, as well as an ema cross over is what you like to find when looking for an explosive...

thefinancialworld

Weed sector is hot !

thefinancialworld Updated 

Been tracking $trly for awhile now you can check out my past ideas on it... finally had a nice green day over 100% returns! Resistance: For resistance I will be looking at the trend based extension, so around the the 25 28 area

thefinancialworld

Textbook 5 wave structure on Apple

thefinancialworld

Great setup here on $tlry with a beautiful inverse head and shoulders with my .618 retracement level acting as the neckline. We also have a sneaky pitchfork drawn in here with price reacting to the median which is known to have major price action confluence. A close below 18.05 would invalidate this setup Other notes: -The blue trend line is drawn from the same...

thefinancialworld

After making a low of 17.07, TLRY recovered nicely all while holding the .382 retracement level Minor Resistance: 19.38-19.52 Major Resistance: All time high of 22.52 Stop loss: On a break of the trendline on the hourly time frame I will exit this trade I am looking to enter at open if price can hold the 9 day ema on the 5 and 3 minute time frames Other notes:...

thefinancialworld Updated 

Great setup here on LAZR with the 1,2 count already in and a bull pennant formed Minor Resistance: 35.07-35.71 Major Resistance- 39.87, 46.25 Stop loss: If I see a breakdown of the bull pennant pattern I will take loss I am looking to enter at open if price holds the 9 day ema on the 3 and 5 minute time frames