novamatic

09:19

novamatic

I don't make a lot of videos but I thought this idea warranted one so I could share the detail. First of all, I'd like your feedback - what else do you see? what did I miss? Let me know. Key points from this video: We are coming up on the COVID lower trendline We are currently sitting on a key level that has a confluence of 50% retrace on downward channel ...

novamatic

QQQ looks very weak. There are a few issues that lead me to believe $400 in June 2025 if a reasonable target: This area of the chat has very low volume and now structure - basically straight up on low volume. The chart is trading very technically using Fib levels (outlined with yellow / green lines). The market has a very high level of uncertainty, as do...

novamatic Updated 

MSTR has a lot going on. I think we're going to see the chart build structure in this low volume top and ultimately retrace to important levels made in the year 2000. Specifically, $177. The $177 Price level has so many points of confluence it boggles the mind: $177 is the exact 61.8 retraca from the 2023 low of $13 $177 is the very strong resistance we saw...

novamatic

TSLA has made some incredibly interesting moves. in summary: We have performed an EXACT 50% retrace from previous highs That level is perfectly aligned with the lower trendline (Log chart) That level is also perfectly aligned with the descending wedge top from previous ATH Bounce off this level is almost guaranteed, the question is how far? The last...

novamatic

What you see here is a very strong point of confluence on AMEX:TNA (3x Russell). We have proven fib levels (note the effectiveness of the 50% retrace, previously). We are coming up on the 61.8 retrace, which is the bottom of a 3 wave down channel It is intersected by long-term lower trendline. This is where you go long.

novamatic Updated 

we previously pinned the 61.8 retrace level and we are now finding support at the 50%. This likely predicts a significant upward move. Note the fib channel and retrace levels.

novamatic

This is a log chart of BTC. it shows a few simple concepts. 1. the importance of this long-term channel acting as support/resistance 2. the oversold condition (blue bars) act as a launching point 3. the duration of the launch seems to be 35 bars (months) 4. the top trendline may be a good target for the next launch 5. the channel centerpoint seems like a...

novamatic

This method uses Fibonacci to find key levels as we're heading down. We're on one, right now. We are likely to at least bounce, here. so a decent entry. Worst case, set your stop fairly tight below this level. You can see this method explained in more details published in my ideas with JBLU and NIO examples. Since TV says this idea is too short I want to wish...

novamatic

Here's a chart of AMD showing a fib (anchors are circled). We are in a descending wedge and on the 61.8 of the retrace. We're also above a volume shelf. Looks poised to make a big move.

novamatic

the relationship here has been working for a while. It's also nice to visualize the top trendline touch on KMLM with TQQQ bottom. How long will this last?

novamatic

This is a good thing to think about, periodically. On the big picture, we're riding the lower trendline and in a really tight range. some things I noticed: If we touch that lower trendline, buy. It isn't unlikely that we hit that top trendline, at some point. Based on these two observations, I'd say NASDAQ has room to run over the long-term.

novamatic Updated 

NOTE: This is a LOG chart, so it may look different if you're just viewing standard charts. We tested the 61.8 pullback twice. Targets are above and would bring us close to ATH. expect some sideways consolidation and then breakout.

novamatic

This chart is showing CONL with a fib pitchfork and key levels. As you can see, this chart trades very technically and is coming up to a very strong lower trendline that also coincides with a strong descending trendline (red channel top). I think CONL is about to rock.

novamatic

we're on the support box, look to be just starting a breakout on the wedge. momentum looks bullish. I'm long leap options.

novamatic

This idea is to share general timelines and possible levels for $SOLUSD. So far, SOL is traing Fibs, perfectly. You can see we extended to previous highs and pulled back to the 50% and 61.8% retrace, perfectly pinning the 61.8 in August of 2024 with a strong wick. From there, we went to previous ATH and we are now above that previous base, giving us a very bullish...

novamatic Updated 

We just tested the 61.8 retrace and if you believe the world isn't going to fall to bits, this is a solid play for upside in a 3x LETF.

novamatic

we have a confluence of levels and patterns. you can see the larger cup and handle patter. you can also see we pulled back previously to the 61.8 retrace. now we are on the 50% retrace and the channel. The channel has multiple touches on the top, middle and now the bottom.

novamatic Updated 

Arm has been trading very technical. You can see we pinned the 61.8 retrace on the lower trendline and recently tested it, again, at the 382 (also on trendline). if we break down, target is 50% retrace level at $113. you can see the upside targets if we break up.