Rebounding after touched green colored fibo bottomed fan line.
Category: US Stock
Chart Analysis – UVXY
423.60% of this uptrend wave is 82.23. And 66.19, 261.80%, is a support level.
Chart Analysis – Micron
Micron shares falls on weaker-than-expected sales.
29.65, 61.80%, or 28.49, 423.60% of down wave, will be a main support level on this falling.
Chart Analysis – Dollar Index
Looks touched topped point, 26.07, 423.60% and it seems to be the only thing to go down.
Chart Analysis – Johnson and Johnson, Costco Wholesale
Big losses. But both are bouncing from support line and levels.
Chart Analysis – Amazon
Looks bear trap done. 1582.11 is 61.80% of 3rd wave. Need to defend this point in next week!
Chart Analysis – GE
6.6 is 423.60% of 2nd down wave in 3 years.
6.93, 61.80% of 1st wave, will be support level.
Chart Analysis – Amazon
Why 1675.21 is important? If missed this number, this will go down and will find some supports at below. 1635.14, 61.80% of 3rd wave, will be a possible support point. Image 1 is connecting low to low. Image 2 is connecting high to low, fibo retracement.
Chart Analysis – Facebook Amazon Apple
All faang stocks formed THREE BLACK CROWS which are shown in the following image as 1,2,3 numbers.
FB – Possible low is 105.76, 423.60% of 1st wave
AMZN – Possible low is 1241.35, 423.60% of 1st wave
AAPL – Possible low is 133.40, 423.60% of 2nd wave
When the rising or falling energy is generated, the level of 423.60% of stock wave must be reached. The level of 423.60% can be the value from the 1st wave, from the 2nd, or from the 3rd wave.
Chart Analysis – SQQQ
Nasdaq tech short ETF SQQQ is still alive. Today morning this reached 423.60% of last day’s wave and went back. (image 1)
423.60% of 1st wave reached last week.(image 2)
61.80% of 2nd wave is 13.28. Now SQQQ price is 14.03.(image 3)
13.28 and 12.02 are very important. Because this SQQQ already formed three white troops(image 4).
This mean this guy will find another 423.60% of one of uptrend waves. So tomorrow need to watch 13.28 level. If go down under, maybe #TQQQ related stock will be good in the future. (image 5)
