novamatic

novamatic

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

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

Let's see what this can buy us. If it can hold this level, and we get a nice sideways base, the upside is significant. what do you think?

novamatic

I wouldn't touch it until it gets to that level... but even then, you'll need to closely evaluate it. Here's a simple chart. Don't catch the knife. catch the bottom.

novamatic

This is a fib pitchfork and Fib retrace. we have confluence at the 50% and trendline. This is a long for me.

novamatic

make of this what you will but I've noticed the VIX has a repeating pattern that follows a repeating pattern. that white trendline you see is the exact same angle in every iteration. I think we may be repeating a yellow box pattern of lower volatility for the next 1-2 years. What do you think about this?

novamatic

Quite a big timeframe. building support at this level. RSI/momentum looks like it can easily pull us up. Nice easy stop location. What do you think?

09:11

novamatic Updated 

TNA has some serious room to move. Even if you are bearish on the Russell, we could see a move to $80 in TNA and still maintain a bearish thesis. I illustrate how I think TNA could move up from here. Comment and let me know what you think

novamatic Updated 

Big picture, TDOC is on support levels and they just got a brand new CEO. Earnings on the 23rd... I'll post some follow up charts zoomed in.

novamatic

AMEX:MEXX (3x levered ETF) is on a perfect pullback to the 61.8. Momentum looks good and this is a perfect long entry.

novamatic Updated 

This is a weekly LOG chart for INJ. As you can see, we tested the lower trend and found support. Stop is a weekly close outside the channel down around $24. Momentum is supportive, but needs to have follow through. Target is upward of $75

novamatic

This is a very high-level idea that was generated as part of a tradingview chat. We're going to come back to this in 2026 and 2030 and see how things went! Let me know what you think

novamatic Updated 

Pretty simple setup. we had a nice neat pullback to the full 61.8 and we're on a trendline. I'm long NRGU. Oil has been going up, likely to be interest in oil companies.

novamatic Updated 

nice consolidation, start of a breakout. Good long entry with clear stop.

novamatic Updated 

see chart of UVXY, which tracks VIX. we're at an important FIB level and long-term trendline. I'm long as of now.

09:00

novamatic

I've used a few methods to understand potential price movement on NYSE:PFE , including a fib pitchfork, going back to 1972 as well as key support levels. I believe we're oversold and consolidating, soon to start the journey to ATH at the $75 level

novamatic

Chart is pretty clear. There is a big gap at $212 and a number of points of confluence. The lower trend line on rising wedge aligns with the gap, and other key levels. I'm using SOXS for the gap fill.

novamatic Updated 

The chart you see here is SET:ICT and it just tested a multi-decade lower trendline that started in 2008. I can see us trading sideways for one more test, potentially, before a big up. We've just tested the 61.8 (to the pin) of this retrace and I expect sideways consolidation.