We have likely triggered the Algos over the last few weeks and we can see that we saved the price action from a death cross at the end of April and flipped it to a Golden Cross yesterday on the daily chart
The price has run hot now but still valid as an impulse wave but like $HIMS, we don't want to see a parabolic move further
The 4....
2025-05-23 11:28:29 +0000 UTC
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This is the $OKLO chart I shared last week and said I see very little concerns here and little resistance higher and so far it has been running hot and now up +10% in the PM too after Trumps Uranium EO announced yesterday.
There are no changes here.
Ideally you want to see a pull back before entering at this point but if you are alre...
2025-05-23 11:12:20 +0000 UTC
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This could not be moving any better if I pulled the price action down myself with my hand.
Subwaves can be difficult to identify for some so keep an eye on the support levels instead and in between $288 - $279 is where we want to see a hold.
Price is just at the 50 MA on the 1hr chart, if the price can stay below this level then we c...
2025-05-23 11:06:42 +0000 UTC
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I really like the look of the $MU chart, Impulse Wave 5 completed at the top blue line at $158 and we have had a perfect pull back in 3 waves to the 0.618 Fib at $60 and this allowed the price to drop below the 200 WMA.
A 3 wave pull back to the 0.618 Fib is as textbook as you will see and a common sight.
Price bounced in 1 wave so f...
2025-05-23 10:58:43 +0000 UTC
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NO EWT ON THIS CHART.
Another Technical View of Silver without using Elliott Wave Theory.
The movement of this chart is a technicians dream and the entire structure started from the 2009 GFC low too.
But this time it appears that smart money has been moving into Safe Havens BEFORE a market crash.
Or is there more at play...
2025-05-23 09:54:44 +0000 UTC
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I think most people are happy with the commentary here, we have a hold above the 50 WMA now since the start of 2025 and the price action continues to make higher lows and moving back up to the important blue support line at $25.40.
I am considering adding again here once I am happy that we have support confirmation above the $25.40 level.<...
2025-05-23 09:33:42 +0000 UTC
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I would hope that our members did not get caught up in the flush down at the open yesterday to $66, for the price action to recover and end the day flat.
We can see on the chart that it was a simple test of the 50 Day MA as a support level.
The 50 Day MA has been a resistance level since August '24, so breaking out and holding above ...
2025-05-23 09:24:39 +0000 UTC
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Bringing this back to your attention again because it is moving very well and showing strong signs that this is in a new impulse wave.
Wave C held on the Covid low support blue line and the 2015 low level too at $60
Price has already jumped +50% to $90 now too.
I have added in the impulse count and Wave 3 is approaching the 1.6...
2025-05-22 19:28:07 +0000 UTC
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I brought this to your attention lately to show that the price action has broken out of this very long bullish descending wedge.
We can see that there has not been a retest of the wedge breakout yet at $21 but there is a retest of the 50 Day MA today at $21.70 and so far holding.
If this level continues to hold for support then we sh...
2025-05-22 18:52:13 +0000 UTC
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Very well formed impulse wave until the end of 2024 and there has been a 3 wave pull back in amber to between the 200 WMA and in between the 0.38 - Fib and the 0.5 Fib
However, the ABC pull back count is very short timed compared to the impulse wave counts.....but nevertheless valid as there are 3 waves.
But if the price action fail...
2025-05-22 18:46:57 +0000 UTC
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Burry's only Bullish bet is on $EL and although they still have a lot to do to really turn this around, technically it is looking very attractive right now and so is $ELF.
Price continues to hold above the 0.78 Fib at $50, broken out of the 3 year yellow channel and I expect a move up to the 50 WMA next at $80.
RSI and MACD are showi...
2025-05-22 16:28:52 +0000 UTC
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Ran as high as the 3.618 Fib today and $8.10 (overshot by 1 cent) and has cooled off since then.
There is a Golden Cross on the chart now too which confirms the bullish momentum but like all strong moves and this has jumped from $3.50 to $8 since the start of April, we do not want this to go parabolic because it will threaten the structure...
2025-05-22 16:08:39 +0000 UTC
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Beautiful chart here.
5 Waves up, 3 waves down to the 0.78 Fib, followed by a bounce and moving back to the 200 WMA at the 0.618 Fib at $88.
Could not be more textbook.
Only one bounce so far since the 0.78 Fib at $52, so assuming the price action continues up to $88 for Wave 1, I have added in the green fibs to show where Wave...
2025-05-22 12:31:50 +0000 UTC
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This has gone parabolic over the last few days and although there can still be one more leg up to complete Wave 5 at the most extended Fib level at 4.618, it is not worth chasing.
All parabolic moves trigger panic selling as fast as it has risen.
Wait for the pull back below $8 before considering a position here.
2025-05-22 12:25:42 +0000 UTC
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The US 10 YR moving higher will mean Bonds will go lower....and $TLT is under severe pressure here as it breaks down out of the triangle and now routing to the 2023 low at $82.
Losing this level and it is pain, a lot of pain it must be said and this will be down to the US 10 YR moving higher.
There is certainly an argument here that ...
2025-05-22 11:45:17 +0000 UTC
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If you missed Wave 1 and Wave 2 then there is still time to consider a position.
Price has met resistance at the 200 WMA at $424 while in Wave 3, so a pull back to the green support lines in a 3 wave pull back should provide you an opportunity to add or start a position.
We can see that the green fibs levels align perfectly in betwee...
2025-05-22 11:35:20 +0000 UTC
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$BTC relative strength is very strong here, continues to move higher with M2 Money Supply and has moved in 5 waves which we know is an impulse bounce.
Golden Cross today too and a new ATH.
Bull Case is now triggered and if the price can hold above $109k then $123k is the Technical Target next.
Has $BTC finally become a store of...
2025-05-22 11:28:02 +0000 UTC
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$NKE selling on $AMZN is the same vibe as $NVO selling on $HIMS.
Good for everyone involved.
$NKE will likely benefit greatly from $AMZNs amazing supply chain efficiency and reach
$NKE also appears to be increasing the price of their shoes by $5-$10's to absorb this cost to supply through $AMZN.....I think this is reasonable a...
2025-05-22 11:05:12 +0000 UTC
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I speak a lot about: 'We need to see a breakout and a hold above the support line' and $BIDU yesterday breaking out above the channel top line at $94 is another example of how important the Hold part really is.
Price jumped +5% at the opening and the price did raise its head above $94 but could not sustain its strength and we got a fake br...
2025-05-22 10:52:43 +0000 UTC
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Ideally we want to see a 3 Wave pull back now after completing Wave 5 at $14.50 after going parabolic up to the extended 3.618 Fib after its ER.
A 3 wave pull back to the blue support line which aligns with the 0.5 Fib at $9.70 is the level of interest for us to hold and complete Wave C.
A hold here and I will consider another add.
2025-05-22 10:43:21 +0000 UTC
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$OSCR's flush down yesterday was a little unexpected but it has offered a great opportunity now for us and may have brought the ABC pull back forward a few weeks.
This ABC pull back has been steep, which leads me to believe that it is not Wave 4 but the ABC we were waiting for after Wave 5....so I have added this as a possibility on the ch...
2025-05-22 10:35:35 +0000 UTC
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This is moving exactly to plan and I am loving the nonsense news articles that were timed perfectly to be released when the price hit the 0.5 Fib at $323.
I don't care who releases them but I do like how they benefit us....unfortunately this is very common in the financial world and I think we all realise now that it is best to play them a...
2025-05-22 10:20:58 +0000 UTC
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We are finally getting the pull back we have anticipated and this is something I am happy about
I was getting concerned that $HIMS was running too hot and I did not want to see a new ATH before a pull back because this I believe would have weakened the structure
Any news articles out right now about $HIMS is likely just an excuse to ...
2025-05-22 10:14:40 +0000 UTC
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$NVDA is now retesting the ascending triangle top line from above, the first of the important support levels that must be held in order to stop a rejection at Wave B.
The next test will be the 200 Day MA which aligns with the 50 WMA at $125....I think this will be the big test....as it is below the triangle bottom line too.
So if $12...
2025-05-21 19:23:57 +0000 UTC
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Recap here because I know a lot of people are watching this and will be concerned if they see the price in any way below the blue support line at $25.40.
But we need to always go back to the chart.
We know the battleground area is the blue line at $25.40 and it has flipped between being support and resistance a number of times since ...
2025-05-21 19:19:35 +0000 UTC
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In the weekends brief, we spoke about the need for the $SPY to retest the 50 WMA from above which is at $570
The catalyst the market believed to trigger this would be the Moody's downgrade on Friday after the market closed but we saw on Monday that the market finished green, rubbishing the initial reaction to this downgrade and the market ...
2025-05-21 19:12:40 +0000 UTC
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No break out and hold above the ascending triangle top line at $0.020 yet, price is still consolidating and making a higher low and staying above the bottom line and the 50 Day MA too.
The consolidation can continue but staying in this structure is bullish and the count remains valid.
We need to see a breakout and hold above this lev...
2025-05-21 14:40:11 +0000 UTC
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I am also watching for a higher low pull back here soon to the green fib levels as shown.
Price has nearly tested the rising wedge bottom line at $5.50 so this bounce may not be complete yet until this is done.
But I would expect a pull back then to the fib support levels as shown
A higher low at these levels and we could be lo...
2025-05-21 14:24:22 +0000 UTC
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So we have our catalyst now to allow the market markers to jump on this and pull it down for Wave 2......like they have always done since their existence but the difference is now we are using them to get the price action where we need in order to add again at the end of Wave 2
Treat $UNH exactly how we treated $NVO when we added in Wave 2...
2025-05-21 14:09:54 +0000 UTC
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I am leaning on the side of this still being in Subwave 4 after this flush down at the open and a test of the 0.5 Fib at $15.40 and still staying in the bullish channel.
Structure has not changed and there is no infringement upon the top of Wave 1 either, no news either apart from a hit to the health sector due to $UNH pulling back is all ...
2025-05-21 13:48:12 +0000 UTC
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