stock_adelie

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▋Observation & Meanings: ▪Price is currently trading within a broader range. ▪After touching the bottom of that range, price bounced and took out the prior high — signaling a potential minor uptrend beginning to take shape within the range. ▋Critical Questions: 🔹 Is the surge reliable? ▪Rather than reacting to a surge, it’s more constructive to wait...

stock_adelie

▍Observation & Context ▪ AAPL has been moving sideways within a clearly defined range for the past three months . ▪ On July 07 , price tested the range resistance decisively, showing some interest in the upside. → Let's first explore the bullish breakout scenario. ▍What Makes a Good Breakout ? Before we talk about targets, let’s define what a ...

stock_adelie

▋Observation & Meanings: ▪Price has broken out of the Broadening Wedge to the upside — a strong move led by bulls. ▪It then pulled back after reaching the 100% projection of the previous upswing, which also marked the likely extent of the retracement. ▪A break below the minor low (a) suggests short-term downward pressure. ▪However, the overall uptrend...

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▋Observation & Meanings: ▪The downside breakout from the ranging zone failed, and the price even took out the high of the range, reversing into an uptrend, followed by minor congestion. ▪After reversing the trend, the bulls showed their further intent by breaking above the congestion high. ▋What to expect next? ▪The price has retested the high of the...

stock_adelie Updated 

I've identified several targets, and most of them have been reached… except one last one. 1. 100% symmetrical extension of the red box —> Reached. 2. 100% symmetrical extension of the orange box —> Reached. 3. 100% symmetrical projection from A to B , then projected from C . D = the target price —> Reached. 4. D barely served as a support. The...

stock_adelie Updated 

- Two critical support zones correspond with the 0.382 and 0.618 Fibonacci retracement levels of the entire swing from A to B, enhancing the significance of these support levels. - After two months of ranging, the price finally broke below the critical support zone as volume spiked, confirming the breakout and leading to a significant drop. - If the price does...

stock_adelie Updated 

Trend - Downtrend confirmed. - Components of the channel chart: The original downtrend channel plus a 100% extended channel. Both channels divided in half by blue dotted lines. The shaded zones furthest from the center represent "overbought/oversold forces," which counterbalance each other. - Currently, the price is descending into the extended...

stock_adelie

Trend - On the weekly chart: Clearly showing an uptrend. - The uptrend channel has extended 100% and is expected to return to the middle line at least, with a chance of reaching the lower band of the original channel. 100% Symmetrical Projection: Uptrend “N” Patterns - A 100% Symmetrical Projection of the initial swing (from A to B) and then projected...

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Trend - On the weekly chart: Still within the large uptrend channel since January 2023. - On the daily chart: The minor uptrend channel since October 2023 was broken with moderate volume. - Although the long-term uptrend remains intact, the short-term momentum may be pausing. 100% Symmetrical Projection: Uptrend “N” Patterns - There are two price...

stock_adelie

Trend -- The price has surpassed the healthy channel from the end of 2022. -- It is possible that the momentum move is nearing its end and entering an overbought zone. 100% Symmetrical Projection: Uptrend "N" Patterns There are two "N" Patterns: a Large Purple N and a Small Orange N. N Pattern's Target Price & Fibonacci Price Cluster -- The target...

stock_adelie

Last Friday, on October 13th, a significant white candle with exceptionally high volume was observed, possibly driven by two catalysts: – Escalating geopolitical conflicts. – A decrease in CPI, leading to market expectations of a potential halt in rate increases by the Fed. Trend – A large white candle with exceptionally high volume touched the upper...

stock_adelie Updated 

The uptrend channel A 100% parallel extension of the uptrend channel indicates the strength of this bullish trend. Symmetrical projection: An uptrend N pattern By projecting a 100% symmetry projection of the initial swing from point A to B, and extending it from point C, the target price would be point D at $303.3. Given that the anticipated...

stock_adelie

Channel - There’s a clear uptrend channel. Symmetrical projection: An uptrend N pattern - By projecting a 100% symmetry projection of the initial swing from point A to B, and extending it from point C. - As the expected symmetric pullback to E did not occur, I anticipate a further 100% extension from D to F ($16,733). The target price level aligns with the...

stock_adelie Updated 

Channel - A minor uptrend exists within a main downtrend. For TESLA to officially transition into an uptrend, it must break the main downtrend and surpass the significant prior high at $313.5. Symmetrical projection: An uptrend N pattern - By projecting a 100% symmetry projection of the initial swing from point A to B, and extending it from point C. - As...

stock_adelie

Channel - There’s a clear uptrend channel. Symmetrical projection: An uptrend N pattern - By projecting a 100% symmetry projection of the initial swing from point A to B, and extending it from point C. - As the expected symmetric pullback to E did not occur, I anticipate a further 100% extension from D to F ($16733). The target price level aligns with the...

stock_adelie Updated 

The price has taken out the prior high at $157.5. → The recent downtrend has officially ended. Now we look for the uptrend rhyme. → Since there is a higher low formed and a clear resistance-turned-support at level B, we can project a 100% symmetry of the prior swing from A to B and project it from C. → The level of C happens to be the 0.618 Fibonacci...

stock_adelie

1. The price hasn't taken out the prior high (level X) at 13740 on a larger picture. So, technically, CME_MINI:NQ1! is still in a downtrend. 2. However, it's clear to see that the market is forming an up trend on the bottom now (higher high and higher low). 3. We can do a 100% symmetry projection of the prior swing from A to B, projected from C. -->...

stock_adelie

The market is forming a triangle. --> Wait for the nearest prior high or low to be taken off. And do a 100% symmetry projection to find the initial trade target. If the price down breaks the triangle, the 1.0 projection will be taken from A to B, projected from E. If the price up breaks the triangle, the 1.0 projection will be taken from B to C, projected from...