Textbook cup and handle with a completed retest. General direction should be up IMO. 130K target although the timeline is hard to say.
NASDAQ:RKLB has fallen so fast in such a short time that the MACD went straight from heaven to hell. ? Just kidding. Well, not really... I genuinely meant it literally. You see, the speed of the sell-off was so intense that the MACD dropped from its highest point ever to the lowest in the history of this stock’s existence. So, what’s next? Well, things are looking up... as long as Trump’s next post isn’t something like, “There will be pain, you will learn to love it and it will be worth it.” Why do I say it’s looking up? Well, after you’ve been to hell, everything else feels like heaven. It’s the same concept: the MACD is trying to climb back out of the hellhole it’s found itself in. The climb will be hard, treacherous, and painful. But it will be worth it. ? What’s fueling this unwavering determination to climb out of the hellhole? Well, the stock has fallen into what I call a “golden reversal area,” which is the Fibonacci retracement level between 50% and 61.8%. Stocks normally try to make a reversal from this golden reversal area—as long as it’s not a shitty company. So, what are the target and support areas? Well, you have eyes, I presume. Look them up on the chart. Why should I believe you? Well, you don’t have a choice. Just trust me, bro, or don’t. What do I care??♂️ I reserve the right to be WRONG and RIGHT. If I’m RIGHT, I’ll be in your face. If I’m WRONG, I’ll keep quiet and hope you forget about this post. ?
Currently, price is trading below the middle Bollinger Band, indicating a bearish phase. Middle Band : Price has decisively broken below this level, acting as resistance. Rising volume on the decline suggests strong selling pressure. Support: Around 4,500 (recent bounce zone) and 4,350 (historical support). Resistance: Near 4,700-4,750 (previous consolidation zone) and the middle Bollinger Band. Bearish Scenario: If price stays below the middle Bollinger Band and fails to reclaim 4,700, further downside towards 4,350 is possible. Bullish Reversal: If price reclaims 4,700 with strong volume, a move back to 4,900+ is possible. Short-term trend: Bearish
A complete 5 Wave move marked in Brown ended in confirmation at the 261.8% and 161.8% Fib levels. We can expect a buying move to the 361.8% Fib to complete the 5th Wave. Keep in mind that is the last Wave of a B(Green) of a Flat. What follows after that is a Wave C. The Elliott Wave is the map and compass of the Market and this is one clear example.
My bias on EURCAD is short because the market structure is forming a Higher Low, and my Fib Retracement to my 61.8 level is indicating the same bias as well
- *Price Range:* PPL stock is expected to move between 188-180. - *Buying Opportunity:* Any weakness in the stock price may provide a buying opportunity. - *Breakout Level:* If the stock closes above 188, it may trigger a bullish movement. - *Target Levels:* - Initial target: 198 - Final target: 213 - *Stop Loss:* Below 178
The current pullback, which began in December, is still unfolding. Right now, the market is testing the white wave 2 support zone between $4.80 and $5.46, but the chart doesn’t yet look ready for an upside reversal. Even in the white scenario, a bit more downside is likely with some small downward moves still to come. In the orange scenario, the price would likely form a larger 4-5 structure to the downside. If UEC breaks below the wave 2 low at $4.10 (a swing low from September 2024), the orange wave 2 scenario would take precedence, with support between $3.86 and $3.08. Despite the short-term weakness, the overall structure remains bullish. Whether this is a smaller-degree wave 2 or a larger-degree wave 2 is still unclear, but the long-term outlook for UEC remains positive. I'm closely watching for an upside reversal, with the first signal coming from a break above $6.34.
Granted that tech stocks are clearly hostage to macro at present (Trump v. Powell), a few are poised to rebound strongly should events permit. Palantir is one of them. With support above the 50% of the move from the 8/5 low to the ATH, with good fundamentals, and a narrative that remains compelling (AI), Palantir may well continue its run if the results of next week's FOMC meeting are at all tolerable to equities markets. Palantir has today broken the regression from the ATH to the Lower Low 3/10. Where stochastics stand, I can see a brief pullback to the low 80s Monday followed by a strong end of week. A daily close above 91--or, better yet, 98--would confirm for me Palantir's return to price discovery. Any buys in the low 80's, I'd stop just under the 50% (at about 72).
FCCL breaks a 8-years Long resistance. The result could be epic, it could either keep going higher or pause short-term and then blast through above the resistance. However, breakout is still in place burning some of the early buyers to explode higher without much effort.
A corrective structure that looks like an impulse bursts from 13th Oct 2022. This is the Wave B of a Flat and as expected, it should go beyond Wave 3's end. Flats have B Waves tat unfold in 3 waves. An A, B and a C- S&P is no exception and obeys Elliott Wave Principles. After B(Red), is a 5 Wave move that has a zigzag as its corrective wave for 2 and as per the rules, 4 MUST be a Flat. Indeed, 4 is a Flat and we are in the B Wave. A final lunge to the 161.8% Fib should complete Wave B(Green) also Wave C(Red). A retest on the 161.8% Fib would trigger a massive 4th Wave(Black). The Best entries would be at the retest at the top. Alternative entries would be after the upward move marked in blue confirms.