Bitcoin is experiencing a selloff and that is what we expected in our bearish scenario. In this video I explain an idea to capture the move with an Iron Condor. We are able to set it up because implied volatility is highest in an Elliott wave 3 of 3. This strategy will benefit from an immediate bounce with a volatility crush, or an exhaustion of the selloff in the...
The Russell is tossed around by dip-buyers and sellers of strength. In this video I take a look at an important bullish divergence and a trade idea that can be profitable regardless of market direction if it is managed well.
Gold rallied together with the markets yesterday, but we cannot be sure yet if this reversal holds. In this video I show a trade idea that has profit potential in two scenarios: A bearish Elliott wave 5 with a lower low, and a continuing rally higher.
The Russell is approaching a potential target zone. In this video I share an idea how to trade it with a Broken Wing Butterfly that will benefit from time decay during a potential re-accumulation. It has defined risk in case the selloff continues, and no upside risk in case the bounce happens earlier or is faster than anticipated.
RBLX approaches an area of geometric confluence which indicates a potential support. Roblox has seen some insider selling, but also secured new funding and established web3 & metaverse partnerships in January.
The green support/resistance diagonals cross at $75.
We can count a completing ABC correction. The 78.6 fib retracement is around...
Snapchat has lost -54% from the highs in September, but there are signs of a (local) reversal. Let's see if we can pick up SNAP here.
Connecting the tops we can draw a channel. The median is confirmed by price action. SNAP approaches the bottom of the channel where we can expect a potential bounce. The green trend line gives an element of...
Micron has reached $97 on 17 Jul 2000, right before the dot-com crash. We are now back to exactly $97 (the blue line), for the second time, forming a gigantic cup (and handle) pattern. Look at the weekly chart to see it.
With such an epic pattern, the question is if we can position ourselves for a potentially large breakout.
Price has formed a bullish...
SPX has bounced impressively on the 78.6 retracement / 20 week MA. The BTFD reflexes are live and well. Everything in this chart screams ‘reversal’. But there is one last hope for bears.
Price approaches the .5 fib of the channel (red dotted line). This level corresponds to a 61.8% retracement, a zone in which bulls might take profit and bears could...
Oil has completed a 5-wave move on 25 Oct. Oscillators and geometry suggest a decline.
Price got rejected at the lower boundary of the channel. The red trend line is a second resistance, connecting the previous low and the gap.
We can count an ABC (in green), which makes up corrective wave (b), in blue. If correct, we can expect a wave C to...