Not much juice left in the tank imo - Even if I'm wrong on the count here it's only got 1 high left which won't be much...Sayonara Solana.
As stated in my previous idea I'm of the belief big tech is close to topping out, When I view these charts I can see cases for all to be nearing a top (yes they can go higher) but It won't matter much if the overall trend is close to terminating. Ask yourself logically who is actually left to buy here and happy about it? and if so how much longer can they do it...
I'm of the belief that tech is topping out soon - yes we may climb higher for a bit but it's coming to an end imo.
Yes topping range is quite wide but I believe it can happen soon (within weeks-months) - There is also the chance it's topping out now. I would not be shorting just yet...I would be waiting until it becomes more obvious and we have a defined top and a rally failing to break that top.
Looks like the best time to start buying again with the risk already defined - If our $152~ level breaks the impulsive counts are busted and so is this idea...However if this does not happen we can assume this correction is as good as over and we're about to start a parabolic rise.
So I'm of the belief that we have completed a large wave 1-2 and the bottom is in - If all this is true this is probably the best time to start buying this as it should start trending higher for quite some time, targets are always tricky here but they are derived off key fib extensions under the assumption that our first impulse leg of wave 3 has completed.
So recently the PA has shed more light on the prior structures - it's clear we're correcting this entire move and our first 5 waves have completed - Going forward I expect this correction to end soon and we should start our wave 3.
So it's clear our most recent impulse leg is correcting and I'm of the belief this is a (Bullish retracement) - I see multiple Bullish Wave counts in play and currently rate this the most likely scenario, Yes there is a chance we can correct lower to around $220~ levels and still remain very Bullish - It would actually be more Bullish for that to happen because it...
I can see a clear 5 waves down here and price has bounced and taken out one of our daily pivot points with some decent volume - this could be the start of a major trend reversal.
Pretty clear the downtrend has been broken and I'm of the belief that this is currently a bullish retracement (working on wave 2) - Overall this will end up being a long term swing for months/years if I'm correct.
Just a wave forecast of what I think is coming - current correction should end soon and we start ripping again.
Not seeing this move off the bottom as corrective at all - volume has already confirmed the trend imo and we're early stages here of wave 3.
I want to say the chart looks like it's bottomed and is in the early stages of a trend reversal...so for now we treat it as such and play for a long term swing....
Had a rough look at some Biotech stocks - looks like overall this sector is going to explode soon - I have no idea on fundamentals for this space but charts look damn good on a lot of these for multi month/year swing trades.
I think Rare Earths have bottomed out and we're early stages of a trend reversal - Expecting lot's of $ to be thrown at Rare Earth companies from the Gov to help get these mines into production as the shift away from reliance on China, China's made in China 2025 will have lot's of countries scrambling to have their own infrastructure built out to support the green...