To The Moon

$S&P 500(.SPX)$ $NASDAQ(.IXIC)$ $Amazon.com(AMZN)$ During 2008 crash , S&P mada a head and shoulders pattern on the charts and few weeks later it crash.In 2022 ,this is again making a similar head and shoulders patternWhat is a head and shoulders pattern?Head and shoulders is a bearish chart patternIt comprimises of a left shoulders, the neck and the right shoulders.Most of the time there is a bearish divergence between the left shoulder and the neck.Volumes play a important role in this patternThe volumes are very low when the head is formed , but they rise significantly when the right shoul

$NASDAQ(.IXIC)$  Many times people ask what is the secret of finding next multibagger.The answer is find a stock that is giving a multiyear breakout.What is a multiyear breakout ?When a stock trades in a narrow range for a number of years and then suddenly it breaks out from that range this results in a multiyear breakout.This comes after years of accumulaiton of a stock by big institutes.Most of stocks doubles triples within a year or so after the multiyear breakout.Let us see this in a chart .This is the quarterly chart of Tesla.As you see the stock was trading in a narrow range from 2013 to 2019once there was a breakout stock went from 76 $ to 1200 $ within next 2 years.BeforeAFTERSimilar breakout happened i

$NASDAQ(.IXIC)$  $Amazon.com(AMZN)$ $Meta Platforms, Inc.(FB)$ According to elliot , Market is either trending or it is correctingThis is the weekly chart of nasdaq composite.Once a trendline breaks, the trending phase ends and the corrective phase begins.Different types of correction waves are 1) ABC2) WXY3)WXYXZIn this example we will focus on ABC correction.Let us go to the lower time framd and draw the ABC correction pattern.As you see in the above chart, ABC correction is highlighted.In the ABC correction we need to focus on A ,B and CA can be 5 wave or 3 waveB is always 3 wave.C is alwa

$Netflix(NFLX)$ $NASDAQ(.IXIC)$ $Alibaba(BABA)$  You will be amazed to know that if you know how to read a chart ,you can predict what is about to happen. Netflix was forming a ending diagonalwhich started from 2018 and ended in 2022. Ending diagonal is a ending structure that forms in the last wave as per the elliot waves. In the below chart netflix was in the 5th wave. The 5th wave internally is divided into 5 subwaves 12345. The ist peak was formed in 2018 The second peak was formed in 2020 The 3rd peak was formed in 2022. You can see although price is making a new swing high but macd i

$Tesla Motors(TSLA)$ $Amazon.com(AMZN)$ This is our follow up post to What is a demand zone . If you haven't read i would suggest to read it and then come here.Demand zones are of 2 types DBR (Drop-Base-Rally)  RBR (Rally-Base-Rally) DBR =Big bearish candlestick + Base candlestick + Big bullish candlestickCriteria for candlesticksAll the big candlesticks do not represent an impulsive wave. That’s why you should follow strict guidelines. The body to wick ratio of big candlestick must be greater than 70% Base candlestick must have body to wick ratio less than 50% How to draw demand zo

$NASDAQ(.IXIC)$$Meta Platforms, Inc.(FB)$$Amazon.com(AMZN)$Supply & DemandIF anyone really wants to know about stock market ,then it is must to know about demand and supply. once you master this there is no need to know anything else.There are two kinds of investors in stock market Big institutes Retail investor. Big institutes are the one who drive the stock market . so as a retail investors it becomes our duty to follow their footprints.These footprints in technical analysis is known as the demand and supply.In this Post we will focus on Demand zones .Demand zones: When a large institues buys any stock ,they cr