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Microsoft (MSFT): Climbing to New Heights or Ready for Reversal?For Microsoft, we've recently observed an uptick and, for visualisation, activated the 100% level on the two-day chart as a maximum target. A closer look on the two-hour chart suggests that we might be in the final wave, Wave 5. Since developing Waves ((iii)) and ((iv)), we've formed four more waves and are now approaching a new all-time high. We consider a maximum of $450 to be realistic, though further increases are possible. After such a substantial rise, we expect the target range to be between 38.6% and 54%, around $450. This area could be intriguing to monitor for a potential trend reversal. If such a reversal occurs around $450, we would look out for possible short positions. However, should we significantly surpass this level, which we currently don't anticipate, we would seek long positions. Depending on these developments, we'll adjust our strategy accordingly.
NASDAQ:MSFTShort
by freeguy_by_wmc
Netflix : Is a Major Market Correction coming? 📉Following our last analysis, Netflix has precisely achieved the forecasted targets, with the wave ((iii)) extending to 227 to 261%. This suggests that a correction towards wave ((iv)) might be imminent, expected to range between 38% and 61.8%, thus laying the groundwork for a wave 5 and the culmination of a significant cycle in the form of a potential wave (2). A closer examination of the daily chart reinforces our primary scenario: the completion of Wave II at the low of $162.80. We are currently in the process of developing Wave (1), followed by Wave (2), and so forth. In our alternative scenario, we consider the possibility of a Regular Flat, especially when analyzing the complex correction currently unfolding. This might indicate that rather than concluding Wave (2) at $162.80, it was actually Wave (A), and we are now witnessing Wave (B) achieving exactly 100% of Wave I. Such alignment could signal a 5-wave decline towards a double bottom, marking a significant correction of 70%. While such a correction would be substantial, it is essential to explore all scenarios to be prepared for any market developments. Despite the potential for a significant pullback, our underlying outlook remains optimistic, expecting a continued upward momentum for Netflix.
NASDAQ:NFLX
by stromm_by_wmc
Coinbase's Market Outlook: A Simple OverviewSince Coinbase went public in April 2021, its stock price has taken quite a tumble. Looking at the weekly chart, we're in the middle of a downward trend, marked by a 5-wave cycle that's not looking too cheerful. To shake off this gloomy forecast, the stock needs to climb above the peak of Wave (1), which is at $208. If it can't make that climb, there's a good chance it might revisit its lowest point ever at $31.55. There's a bit of a funny situation with the 50% extension target shown on the chart—it points to $-10, which obviously can't happen. 😅 Realistically, we're expecting the price might settle somewhere between $35 and $30, with a double bottom pattern seeming like the most likely scenario. We'll keep an eye on things and see how it unfolds.
NASDAQ:COINShort
by stromm_by_wmc
SOL, THE POWER OF THE SUN WITHIN MY HANDDid I get the spiderman line right? It must be close to that. idk. Either way, a neat trend setup on SOL to share. A drop to 83 can spike to 115. This is per technicals. I would say there is a greater than 50% chance we see a move to the upside soon on this trend break, and then a big retracement down to the mega trend, but again, it doesn't have to go anything like that. Either way, expect support at mega trend or just below mega trend, which is a great buy zone. Expect a move to the upside on the breakout of the smaller trend. Resistance comes in around 115. It doesn't have to get to 83 before it goes up, it can break trend before. However, it can also go down lower before the breakout, watch the trend. Good luck Quick chart as I'm trying to get more earnings charts done for the week.
COINBASE:SOLUSD
by nicktussing77
3
Stock market peaks in July 2024, followed by an epic crash?I have made some calculations regarding potential stock market development in the S&P500 in the coming months. There is of course no guarantee that it will turn out exactly like this, but there are very interesting mathematical correlations in an optimal scenario. Since January 2018, the price has been inside an ascending channel with a couple of hits at both the bottom and the top of the channel and is on the way up. I have then measured the time and height from the covid low in March 2020 to the next peak in late 2021 and then made an exact similar measurement from the low in October 2022 to a possible future peak. Then I tried to find Fibonacci levels that coincide with the tops and bottoms of the chart. It can be tricky where there is no data but there are methods to resort to. If you measure from the bottom after the financial crisis in 2009 and to the highest before the covid rebound in 2020 (3397), you see that this ends up at the 50% level in this calculation. If you instead do a Fibonacci Extension between these levels, you end up at the same potential top level in the chart (double the distance). I have chosen to leave this out of the diagram to try and keep it as clean as possible. The really interesting thing is that all these measurements converge at exactly the same level and time. This occurs in July 2024 at ≈6121. Historically, peaks in the market usually occur around the same time that interest rates start to fall. According to the forecasts, it currently looks like it could happen in June this year. If all this were to occur, we can note that the rise from October 2022 will then be 75%. Should there then be a really big stock market crash and we look at the symmetry, i.e. 75%, we see that an equally large percentage decline would take us exactly to the levels at the double peak in the dotcom bubble in 2000 and the peak before the financial crisis in 2007. This is therefore a calculation based on an optimal scenario, and such scenarios unfortunately rarely occur. But it's worth keeping in mind in case the market takes us there anyway.
FX:SPX500
by magnusfogelberg
4
The Great Reset After Trading for some time ive gotten into all types of analysis, i personally found Elliot waves and Fibonacci retracements the most interesting, i look at long term and short term trends, and the other day i was looking at the S&P500 and DJI over large spans of time, and the more you trade using patterns and waves things just click when you see them, I spotted what i find to be quite the interesting pattern, a rising wedge going all the way back to 1896 for the DJI, and 1908 for the SPX respectively. This is all theory and chart analysis IS NOT full proof its NOT financial advice its NOT a warning its just me looking way back and you can too ive plugged in the charts i was examining and i must say its a bit scary to think about and if the wedge plays out properly potentially the greatest wealth transfer in history could occur. Let me know what you all think am i crazy or am i crazy lol AMEX:SPY SP:SPX TVC:DJI
AMEX:SPYShort
by giovannim7417
Nasdaq (NQ1): The Grand Finale!Nasdaq (NQ1): CME_MINI:NQ1! Examining the Nasdaq on the daily chart, it appears we may have indeed reached the final level of the potential primary scenario Wave 3 at the 461.8% extension, which is around $18,400. Now, we should be entering a Wave 4. If we continue to rise beyond this point, we might consider an alternative scenario where there is a bit more room to extend upward before developing Wave 5 as a Wave 5 extension, possibly around $19,500, marking our maximum in this scenario. Thus, there are two scenarios, but we primarily lean towards the scenario that we are currently experiencing Wave 3, not Wave 5. Consequently, we anticipate a downturn to at least $15,500 minimum, up to a maximum of $14,140, the subordinate Wave ((iv)) level. This is the maximum level we expect to reach with Wave 4. We should definitely see a stronger corrective movement downwards before the final impulsive Wave 5 ascends. If we begin to see the first signs of weakness, we will consider establishing short positions on shorter timeframes, but until then, we will wait and observe.
CME_MINI:NQ1!Short
by freeguy_by_wmc
BTC 67500 CAN CHANGE THE TREND TO BELOW 60k -VERY IMPORTANTThanks for reading this update. IF btc can gain below 67500 in the coming time frames with confirmations, then is BTC able to show a huge recovery trend which could bring BTC below 60K, to 56K Target. Even the ETF hype trend can go over as the AI, and it can become a normal trend as we don't have a hype trend for APPLE of other stocks at this moment. If we check depending on data the volume ranges on the market, then we see an overflow volume, which could get a recovery so there will be a new chance for new smart money. Below 67500 with confirmation is an important trend for BTC where it could return to 56K . The following will be on trend - IS BTC going to 67500 the important strong red zone of the trend. We use the same way as we expected the trend below 42K to 48K and ATH. www.tradingview.com The buy whales and position holders should do their best to hold the levels, otherwise, we are going to see in high chance of a new return to blow 60K.
CRYPTO:BTCUSDShort
by SatochiTrader
2
AFTER THE INCREASE BTC SHOULD HOLD 59600..We did Follow BTC below 42K, until the high increase as the below idea shows and we did confirm it with more positive charts. We are checking on the low frame if there is some confirmation that can allow BTC to break down to 59.6K We found out that 59.6 is an important level that BTC should hold, if BTC is not able to hold 59.6, it can return to the 50K Zone. There is a trend that confirms that volume above 59300 is a FOMO volume, which could return to the start target. This update is just a zone confirmation that BTC should hold. and we will follow with this update IF BTC is starting to make a new recovery. Trade or manage only depending on your plan, nobody can expect the future 100% it's all about studying the markets. and this view is still not a confirmation. We will follow up if BTC is going to breakdown in the coming time frames.
Short
by SatochiTrader
Dow Jones in Focus: Fake Rally?Today, we're taking a closer look at the Dow Jones Index, specifically the E-Mini Dow Jones Futures. It appears we're in Wave (2), overshooting the target and forming an Expanded Flat correction. If there's a turnaround here, typical for such waves, we might see a correction somewhere between 50% and 61.8%. We consider more than 78.6% unlikely, so we're betting on a correction in the 50 to 61.8% range. Digging deeper, we've spotted an exciting pattern: a short Wave (i), followed by a long Wave (ii), a quick Wave (iii), and a very brief Wave (iv). This sequence could lead us to either Wave (v) or a larger B wave. Should the index continue to climb, we'll need to rethink everything. Surpassing the $40,000 mark would mean we're entering a new uptrend, requiring a different analysis. For now, we're leaning more towards a downward movement than an upward one. After much consideration, we've decided to initiate a short position on the Dow Jones as a bit of a hedge. We're particularly cautious about unexpected market movements triggered by insider trades. This strategy isn't about putting all our eggs in one basket but about spreading our risk. In short, this strategy is our insurance policy. If the market continues to rise, any loss on the short position would be offset by gains in our long trades. Conversely, if the market declines, the short trade will help minimize our losses. This balanced approach keeps us flexible and eager to see what unfolds.
CBOT_MINI:YM1!Short
by stromm_by_wmc
Biggest crash is about to startPeople aren’t thinking straight it’s about it will go up and up and up .. no we are not those 70% of people that can’t even see reality and went all broke. Souls know when you bought; all time high hits and bull trap coming to bearish if I were you sell now or lose all you have. Anyways now the stock big congrats hitting the new all time high but what will happen next? USA owned over $6 trillion dollars in debt and this also isn’t good for other stock markets because the inflation data won’t be pretty.. the inflation is about to go a lot higher than any other expected and the economy isn’t in great shape … Biden gave over billions of dollars to Ukraine , not seeing his American people first and yet the border crisis which put all American people not in a safe place. Yet now the stock lead the rally but hit the tip point. Are we looking foward the biggest crash? In the matter of fact.. yes. Reason as no one paid attention to the major news.. globally could start a nuclear war , many of the countries already in deflation and the recession; soon USA will head into the recession but will be a lot worse than 2008. Don’t speak too soon because United States are in trouble and aren’t in a great shape. We are preparing for soft landing
NASDAQ:NVDA
by JoyBoyVegae
2
Microsoft Replicating 1987 SPX ChartSince Microsoft bought ChatGPT back in March 2023, the price of NASDAQ:MSFT stock has gone on to replicate the same pattern as the 1987 S&P500 stock market rally. Does it mean anything all by itself? No. It still needs a catalyst for the drop to happen. The 1987 stock market crash had many triggers and catalysts and the drop was a sharp 40% from August 28th, 1987 to October 19th 1987. What would cause a sharp 40% drop in NASDAQ:MSFT ? You all could type in your guess in a reply to this chart. It could come about under a variety of situations, but it would take an act of Government regulation or a major sea-change in laws or the business environment. When you see people posting "overlays" of the market to past debacles, you will find almost NONE of them work. Last year in January I posted a pattern where NASDAQ:TSLA was mimicking the fundamental and technical price pattern that NYSE:MCD McDonalds had from over a decade ago when it fell 75% on a rough patch for its business. It turned out to be identical and NASDAQ:TSLA rallied over 150% last year just exactly the same as happened to $MCD. I'll post the link down below for you to view. The overlay here between NASDAQ:MSFT and the 1987 SP:SPX is pretty amazing but we have no catalysts to make it drop. Stay tuned on any weakness and look for cheap hedges (long term puts out to July-Oct-Dec for this year). Don't spend more than 1% of an account to hedge a position, but if you hedge it correctly you can protect against a large decline without much cost to a portfolio. Here's hoping this pattern doesn't 'pan-out' because it would be or could be very disruptive to the markets. Wishing you all health and success in the markets this year and thanks to TradingView for all of the great tools for doing research! Cheers, Tim Friday, February 23, 2024 8:59PM EST
NASDAQ:MSFTShort
by timwest
25