Berkshire
Berkshire Hathaway Falling Wedge and Long Set-upThere is a successfully broken falling wedge on BRK.B and right now it is consolidating in a little triangle. Trade is not active yet. I will wait a daily close on the triangle.
Berkshire HathawayAs you can see from the monthly cart, Berkshires growth is steady and consistent, this is probably because they are owned by in my opinion 1 of the worlds best ever investors... Warren Buffett.... if you don't know who he is then you clearly should not be investing.
We are long on this position with no real TP as this is a long term investment, but obviously we have a SL as trading anything without a SL is just stupid.
Berkshire Hathaway A [Long term analysis]Good 'ol Berkshire Hathaway Class A shares.
Looks like BRK.A is at a potential reversal zone, and this could be a good chance to either a) Short until desired targets or b) Wait for support and signs of reversal at the 23.6%, 38.2% or 50%. If we do indeed reverse at this zone, this will be our wave 4 correction yielding an extended wave 5 afterward.
According to Elliot Wave theory if a third wave fails to make it past 1.618x of the initial wave 1, you can expect an extended wave 5 which will have targets of 1.0x, 1.618x or 2.618x of wave 1 to 3 projected from the wave 4 bottom. This count is invalidated if we close above $330,000 on the M1 interval.
The R:R on this position would be about 1:3.5
A brief recap of BRK.A drops:
3/1973 - 1/1975 - 59.1% drop (S&P lost 44%) - US economy in recession resulting from oil crisis and fallout from Breton Woods Agreement.
10/1987 - 10/1987 - 37.1% drop (S&P lost 34%) - Black Monday Stock crash.
6/1998 - 3/2000 - 48.9% drop (S&P gained 27%) - Just before dot-com bubble burst.
9/2008 - 3/2009 - 50.7% drop - The darkest days of the great financial crisis.
S/L: $330,000
Entry : $296,000
Target 1: 23.6% / $258,570
Target 2: 38.2% / $223,051
Target 3: 50% / $194,334
"If you can keep your head when all about you are losing theirs...
If you can wait and not be tired by waiting...
If you can think - and not make thoughts your aim...
If you can trust yourself when all men doubt you...
Yours is the Earth and everything that is in it."
Berkshire Hathaway to fall?BRK.A appears to have completed the 5 wave elliott wave structure and is showing signs of downward movement.
It seems to be creating a 5 wave structure downwards, which would be the A wave of the corrective cycle.
Wave 3 is currently in progress and I would anticipate some consolidation around the trend line to confirm the 3rd wave continuation to the negative fib levels.
Alongside this, the moving average also seems to repel prices downwards.
From there, there is still a further 2 waves before the A wave is completed.
The fourth wave cannot enter price area of where wave one terminated. This is shown by the horizontal line.
A will most likely finish around the area of 240,000.
Again I am trying to apply my analysis to as much as possible. Any feedback is appreciated.
Thanks.
BRK.A Berkshire TA I think BRK.A is due for a major correction along with the S&P index in general. Here is my Elliot Wave prediction for BRK.A
Berkshire Hathaway B 29-June-2017 [Weekly]Berkshire Hathaway (BRK.B) 29-June-2017
Resistance at 176-180
Support zone at 162-165
Trend = Upward
Higher Highs and Higher Lows
Prepare to Leave Berkshire HathawayEven Buffett himself is not going to tell you that his company is immuned to the trials and tribulations of the market cycle. Because it is not.
Berkshire Hathaway, Super Up+/// ->Yes the great body benefited (immediately) with the election of the new president of the USA (mister TRUMP) is the sector dedicated to insurers // an example of this we can clearly see the graphs of Berkshire Hathaway (/ > Our friend;) Warren Buffett) /:)/
#BRK.B - take to set long positionOn this moment we are in support zone. This should be nice opportunity to go long in that stock. Resistance is somewhere around 150.50$. Stop Loss should be set below 142.50$. This will be nice swing :)
BRK.B Berkshire as market barometer.BRK.B has followed the market higher since Feb 11th, I am setting alerts early. We will see if the market correction since the beginning of 2016 was only a dip to be bought, or an early warning sign of a bearish trend unfolding in the months to come. Similar health checks can be done with SPY:IWM, COPX, FDX, TLT, HYG, FXY, UVXY.......
BERKSHIRE HATHAWAY waiting for completion of a bearish CypherEntry point at 78,6% Fibo of XC
SL little above X (in fact a strong breakout at the resistance line could be a signal for closing this position)
TP at 61,8% Fibo of CD leg or even lower, because this is a trend following Cypher Pattern
