$ESTC Part 1) The Breakdown;

Told @ZaStocks  it takes a lot for me to get excited over a chart that isn't my big 4 snow crm xom tte, and this one has taken the new slot of favorite.
Be sure to follow him if you aren't already...
So, never heard of this ticker before yesterday, and I'm hooked, its a long one ( surprise surprise lol )
Here's a look

30m - Hit a great spot to top out at for the momentum exhaustion. This fib plot I have I did yesterday based on the 95 low on the 13th, to the high yesterday 107.94 because it looked like that would be continuation pivot. As we can see, was pretty accurate in thinking that.
That is now bottom base for the cycle to 120.88.
One note on this, the 55wma crossed the 200hma off the 55sma support, this was what helped sustain the trend momentum for the day. 

65m - 155vwma acted beautifully yesterday morning, was one of the few reasons why today had a strong continuation. I could have left the 20/33hma off this, as it's not relevant right now, but, the 33hma is in a strong spot of suggestive momentum support at 114.12, you can see it closed the day in line with the .5 fib ( which is a support / pivot fib ) , so , if that breaks, that would be why we retest 107.94.
Could use the pullback to regain trend stability.

4hr- The arrow is pointing at where I told Z I think we bottomed at.. The 300vwma ( I don't use this but usually but it's good for reference, as it is a VWMA so it has an algo parameter preset to it.. 
The 20 / 33hma crossed the 155vwma155sma, which confirmed / justified todays momentum. We know that is a reversion point and gives "lag momentum" on the cross.
Other than that, note the 200hma, swept bottom and has begun to curl. Forward looking we would see the 55wma55sma band come to cross test the 155vwma155sma. Whenever that happens, would be why 120.88 would pivot to start the 2nd upside cycle. Another reason why I'm saying that 107.94 is bottom base is because of the 155vwma matching up to it. 

Daily - 20hma crossing the 300vwma and the 55wma same time gave double the momentum burst. Next would be the 33hma crossing the 55sma / 55wma and the 300vwma, probably a day or so apart, more importantly of the 2 would be the 33hma crossing the 55wma 300vwma.
While that would be happening, the 200hma will be crossing the 155vwma155sma, which I couldn't fit it on the screen but the last time that happened was May 2023 at $54 lol... 
Very strong sentiment forward looking when that cross happens.. 

Weekly - Posted in comments, Couple things to note, the 10hma yesterday bounced and curled off the 55wma, one of the reasons why I was thinking it would go today, so now the 10hma is working on crossing the 200hma and 55sma. 20hma solid spot at 108.34, another layer to add to the 107.94 base. Forward looking would see the 10hma cross the 20. Would be considered a longer term momentum cross.

Monthly - Posted in comments, I should just stop saying I don't look at the monthly because I have been so much lately lol,,, hard to ignore on this one, Obviously since it's a newer IPO, the mas haven't had long enough to establish. But the ones that have, my oh my.... 
The 10hma crossed the 55wma and 20hma this month, while that wick low 95 level was right off the 20hma. So, forward looking on that is the 10hma will cross the 55sma, giving another reason for sustained trend, and will pull the 20hma up to cross the 55sma...
If you want to get even more technical, the 20hma curling and cancelling the 55wma downside cross confirmed the month would stay above 95. fwiw.

That's all I got for now. Can see todays high is a very strong resistance point.
I am fully on board with Z in saying this move has just begun...
Thanks again to him for posting genuine gold day in , day out.

Thanks for reading.
Keep Pushing. YOU got this.
$CRM $SNOW $RGTI $NET $TWLO $HUBS $CRWD
#ESTC