PLTR bullish triangle breakout confirmed now looking to scale out with profits at wave 5
NFLX Bullish triangle pattern complete targeting wave (5) upside that may reach 4056. The immediate rally should reach initial target of 3540 and then 4056. Look to establish bullish positions like a vertical on AMZN. Wave count invalidation at 2816.
AMZN Bullish triangle pattern complete targeting wave (5) upside that may reach 4056. The immediate rally should reach initial target of 3540 and then 4056. Look to establish bullish positions like a vertical on AMZN.
We remain bullish on the S&P as SPX rally on going looking to break higher into wave v upside target of 3890 despite this short term pullback we’re seeing last week. One more push higher into 3983 before we see a Larger Degree corrective wave (2) pullback. Wave Count Invalidation at 3737.
The same predicament exists in the NDX as the SPX. On the hourly chart, we’re seeing a corrective (a), (b), (c) pullback and we may be contained within in the highlighted range in W/ Orange rectangle before completing once terminal move higher into wave v.
Alternate wave count shows if wave count invalidation at 3737 is broken will likely result in a corrective (A), (B), (C) pullback with support level at 3630 before we find support at wave (2) for a longer term rebound.
We remain bullish on the S&P as SPX rally on going looking to break higher into wave v upside target of 3890 despite this short term pullback we’re seeing yesterday. One more push higher into 3983 before we see a Larger Degree corrective wave (2) pullback. Wave Count Invalidation at 3737.
Unlike the S&P and NDX, XLK remains strong making new highs.Our +ve Delta Butterfly has moved ITM, look to hold the butterfly spread as long as the wave count still remains valid.
Joe Biden's energy plan focuses on R&D for clean energy, tax credits to speed ... credit for job growth in renewable-energy could give alternative energy player like PLUG a boost. Look to establish longs with drops into 51-44.5 rage. Wave Count invalidation at 37. Trade Execution in Video Update.
TLRY Breakout in progress targeting wave (5) upside target at 35-40.Look to establish a 12/22 Call Debit Spread expiring March 21’, exact trade execution details in Video Update.
Looking to establish June 30 Call as SONO is breaking higher. The company might be an acquisition target and contender to exiting players like Apple.
Unlike the S&P and NDX, XLK failed to make new highs. This could be a sideways triangle in development. We are only using this count as a vehicle to reach 136 and then will assess at that point. Wave Count Invalidation at 125.3. Looking to establish a +ve Delta Butterfly, exact trade execution in Video Update.
We remain bullish on the S&P as SPX rally on going looking to break higher into wave v upside target of 3890. One more push higher into 3983 before we see a Larger Degree corrective wave (2) pullback. Wave Count Invalidation at 3737.
QS 1st entry triggered at 38.2% retracement at 49.50 Leaps. Look to scale in 2nd entry if QS drops further completing wave (C) at $41. Wave Count Invalidation at 42. QS is a solid-state battery company released data demonstrating that it’s single-layer batter cell could charge in 15 minutes. QS is also using an electrolyte gel, making it more of a hybrid solution...
TSLA Breakout in progress targeting wave (5) upside target at 809. Look to book partial profits if 809 level is reached. We’re rallying in same degree wave 5 within the highlighted range.
XLK corrective (A), (B), (C) almost complete with a potential rebound into completing terminal wave (5). The hourly chart shows XLK has to stay above of 125 wave coin invalidation for this bullish wave count to remain valid. Exact trade execution details in video update.
The 1 hour chart shows a potential minor pullback before we finally make the terminal rally into wave 5. Still operating under the assumption that we still have one move higher into wave (5).
The daily chart on TSLA further confirms this breakout pattern as we’re stretching out the profits for our existing medium term vertical. Immediate wave iii upside shows the 721 target and ultimately 809. So far this bullish breakout pattern is in progress, look to maximize profits on existing longs. Will reassess wave count at 809 in 2021.