TLRY
I can count 5 up and possibly 3 down. While typically I would like to see wave 2 reach down to under 40 or under. It has met the minimum 3 wave correction. Could potentially be a good set up here.
TLRY
I can count 5 up and possibly 3 down. While typically I would like to see wave 2 reach down to under 40 or under. It has met the minimum 3 wave correction. Could potentially be a good set up here.
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2019 IS350 AWD
20xx NX350 AWD
Nio
Not only did it fill the 2nd gap (I was to chicken to wait for it), it also nailed the channel line down holding this stock back for months. You can technically call it a 5 wave up, but 3/4 seems shallow to me. Either it has completed 5 waves up or 3 up, no matter, I want to still see it drop back into the blue box with stop below 2.70 if this rally has any substance
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2019 IS350 AWD
20xx NX350 AWD
Sold for 43.40, moved money into TCEHY @ 45.42.This quote is hidden because you are ignoring this member. Show Quote
Last edited by BavarianBeast; 07-12-2019 at 11:43 AM.
Natgas
still waiting for it to breakout and hit 2.52+, looking like it has 3 waves up working on wave 4 correction. I might bail my UGAZ if I see it break below 2.31 then would expect lower low ahead. Otherwise, the plan is to wait for a 5th wave breakout, exit, let it correct back to 2.4 and buy back.
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2019 IS350 AWD
20xx NX350 AWD
Gold
as I posted 10 days ago, after a big breakout move, was expecting gold to consolidate sideways. this would be a wave 4 consolidation imo. 3 or 5 pt is yet to be seen, however we either still have wave D/E to go or possible D/E completed as my alt count. I am pegging 1381 as my major stop. If this goes, a much larger correction will take place because we are late in the cycle, any breakdown under 1381 should be a bad sign in the short term.
Last edited by SilverRex; 07-15-2019 at 11:56 AM.
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2019 IS350 AWD
20xx NX350 AWD
Gold
so far still looking good.
Natgas
bailed after it got close to my entry price. over all now looks like just another ABC move leaning towards it will head lower.
Nio
Almost ready to pull the trigger if it can head a bit lower.
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2019 IS350 AWD
20xx NX350 AWD
Gold
what a great day yesterday. PMs are on fire and silver on rocket fuel. Strictly looking at gold, we may have our first wave 1 of 5 of this wave 4 consolidation breakout move. expecting a pull back possibly could hit as low as 1411, then launch. Will continue to hold all my position as long as gold doesnt break below 1381. even below 1391 will begin to question
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2019 IS350 AWD
20xx NX350 AWD
Havent seen this much strength in Gold/PM since 2016.
edit: taking leverage off the table Jung +50%, keeping the rest and scaling in some crypto shares.
gold 1400 is now the big support. will look to buy back if gold can head lower
picked up a position in TLRY with a tight stop
Last edited by SilverRex; 07-19-2019 at 08:43 AM.
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2019 IS350 AWD
20xx NX350 AWD
Gold
last week I sold all my leverage because it wasnt able to follow thru after it had an initial breakout move above 1433. Since it was not able to do this, it also did not turn 1430 into support which has now made the structure corrective in nature. With this a recount would be a leading diagonal.
I will be getting back in to leverage position if gold falls into the blue box. My line in the sand this week will be 1400. anything below would open up the possibility of a good size correction which I want to stay away from. The alt count would be a much larger drawn out wave 4 correction ABC. with 1382 being A, 1452 being B and C back down some where around 1382 or under.
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2019 IS350 AWD
20xx NX350 AWD
TCW < $1.00 looks appealing. Averaging down.
usa.to
thanks to the announcement of Eric Sprott investing into this company, it will gain quite a bit of attention. count wise, everything looks good from the breakout under 2.7 back in May. we have now reached a critical resistance zone. Either this is the best place to take a small breather before further advance or it will blow pass this and corrections will be shallow.
As I have mention from earlier post prior to the breakout, once breakout occurs, if this is the real deal bottom. we should not see usa.to breaking below 2.58 ever again. At least worse case scenario, not until it makes a new 52 week high. personally I will be holding this as long as I could. as at times, playing the swings could force me to chase the sector higher. I leave the adrenaline rush to day trading Jnug instead.
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2019 IS350 AWD
20xx NX350 AWD
Gold
has dropped into the blue box. Potentially have bottom. getting back into 2/3 of Jnug
edit: breakout losing some steam. Possible miners still trying to produce a wave C lower. took a small loss with the fake rally. will add buy back if gdxj can reach in the 38-39 zone
Last edited by SilverRex; 07-23-2019 at 09:30 AM.
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2019 IS350 AWD
20xx NX350 AWD
GDXJ
so with the fake breakout this morning, took a loss but I have since bought back lower as it has entered the buy zone. Will add one more position if gdxj can muster enough momentum and hit the low side of 38. The plan is to hold until the fed rate announcement sell the news. I believe PMs one more 5 waves up to new high before a more significant correction takes place.
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2019 IS350 AWD
20xx NX350 AWD
GDXJ
So far it looks like wave C is in, however I will be watching the 39.43 area, if it breaks below this, I will exit my position and wait to buy back in the blue zone.
edit: exited my position given gdx which has a similar count/chart has broken it's support level
Last edited by SilverRex; 07-24-2019 at 08:40 AM.
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2019 IS350 AWD
20xx NX350 AWD
GDXJ
took a small gain of 4.5% and exited Jnug yesterday after it broke the key support I mention. Looks like the drop back to the 38 zone is back on the table. Will buy back lower. Silver looking to drop back down to low 16 but shouldnt break below it.
Other positions
I also have TLRY/CRON/MGW expecting the weed sector wave 2 should be either completed or nearly completed.
added to BTCS/BCTS, MARA and HIVE recently due to suspecting BTC over all has produced a very clear A=C (ABC) correctional pattern. Will hold my positions as long as BTC does not break below 9071,
Last edited by SilverRex; 07-25-2019 at 08:11 AM.
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2019 IS350 AWD
20xx NX350 AWD
Just a recap on TSLA, while the drop to wave A low ended at about 177 and the counter trend did hit the top of the resistance zone just a few dollar shy of 270 @ 265 then the shoe dropped today. It is difficult to say the top at 268 was wave B given how short the time it took for this counter bounce. So we may trade side ways for a while yet. The longer term projection is new lows ahead.This quote is hidden because you are ignoring this member. Show Quote
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2019 IS350 AWD
20xx NX350 AWD
What's happening with Canadian O&G equities today? All the oil indexes seem to be up.
EDIT: Maybe this? https://www.bnnbloomberg.ca/wisconsi...oval-1.1291335
Last edited by phreezee; 07-25-2019 at 01:15 PM.
Dunno what your talking about bro it’s not looking good
It's a blood bath, even though WTI/WCS is green. Line 5 lawsuit is likely the reason.
Last edited by phreezee; 07-25-2019 at 01:45 PM.
Is it wrong I hope line 5 shuts donw just so we can say watch ontario feel the pinch?