Eliottwavetheory
#BLNK Acending Triangle - BLNK After a hard fake outsell off BLNK found support on a strong trendline creating a textbook acending traingle, or abcde correction looking like like i said a textbook traingle acbde following rules with E being a common fakeout.
- Energy overall this year looks extremely bullish as well strong support with the EMA and the powerful Cloud long with a trendline.
- As energy sector been correcting its been looking like signals of reversal here soon for a explosive move to the upside keep it on watch!
#CRSR Long?- CRSR looking like a nice long after making a long correction of lower lows. But also making higher highs, but leaving nasty fakeouts.
- Its been holding support pretty good so far and its been bouncing of a strong trendline and fibs.
- It might have also left a scot wick to the upside possibility being filled if we start to push up but it has left a weak supply zone that we should rip right through if we return to thouse levels once again.
Overall bullish but if it breaks itrs trend of lower lows i would leave it alone as it then will become a risky trade.
#LI Reversal Coming Soon?- Li showing life of reversal here but breaking that trendline + Fib plus strong support will just bring more downside.
- But with that being said everything mentioned above plus indicators do show signs of a bounce or possible reversal here.
- Li usually runs along with Nio and Xpev as well can pump along with energy so its something to watch out.
Overall bullish as there is a lot off signals showing strong strength of reversal.
#DDOG Triangle Long!- DDOG looks like a Bullish Triangle With E ending bouncing off the cloud as well as the trendline.
- Also with thouse bullish engulfing candles the low has been set stop loss would be bellow or at that candle.
- DDOG also is a highly bought up by the legendary Cathie Woods.
#AMZN Is This The beginning of Amazon?- AMZN looking like an amzing falling wedge, I believe its done with its long abcde correction, as well bounced looking to be bouncing off the trendline here soon witht he fibs.
- Not a strong confirmation as ER is around the corner and it can actually be the reason why it can actually can drop hard instead of following this bullish wave count.
- ER should determine the direction of Amazon.
- I am not too confident on this one i would like to as FAANG is looking extremely weak
#MSFT Acending triangle Retest?- MSFT showing a retest of a somewhat acending triangle, making it a nice wave 2 count for a wave 3 incoming.
- MSFT also has a event on Monday and Tuesday along with AI.
- This can also be the retest here for a move higher but judging how market has been moving I am bearish on tech until they show strength and direction
#APPL Tech Bearish?????- APPL for the time being looks like it can bounce off support here soon, but if does it has to break that wave 3 for it to invalid this bearish count. Creating a Head and Shoulders.
- Apple if it follows this count will start of a huge wave 3 impulsive move.
- Bearish on the market for the time being mostly tech due to the events going on with the "Meme Stocks"
#WKHS Update -WKHS after an amzing breakout of a beatiful triangle i see 5 waves up for a impulsive wave 3.
- Its looking like a deep wave 4 retracement but it aligns for a the higher degree wave looking really good!
- I do expect a sideways movement before it does go to wave 4 but breaking the low will make this count be a 1,2 which means wave 3 will be more impulsive hopefully not but if it does don't miss it .
#LAZR Triangle?- LAZR looks like some sort of triangle abcde but can also be a 1,2 count,
- It does have strong support right now due to that trendline bounce and right into the cloud as well.
- Still cautious on this one but I do expect a bounce for a scalp or day trade
$OPEN Bullish!- OPEN is looking extremely bullish is in a huge channel between both trendlines (black trendline).
- It also looks like it broke out of flag and currently going to retest the trendline and making some sort of a falling wedge!
- It also looks like its a 5 wave structure to the upside, ending in that prefect trendline (black trendline)
- Overall Bullish with indicators showing sign of reversal don't miss this one!
$MSFT Long Return of Tech- MSFT finally showing life of a break out once again, this time i beehive is go time for it.
- It looks like its finally ready to break what feels like forever traingle.
- New wave count intact but it seems to be extended as that wave 2 retrace deep
- Overall market looks bullish on tech
$JKS Flag!- JKS looking strong with a huge Flag combined what i believe is a inverse head and shoulders.
- Its currently in a wave 4 correction phase so this could be a pullback.
- It also has a Biden catalyst too.
- Bounced off the fib nicely but once this flag i believe it is in i see a huge move to the upside
$LAZR Long!- Lazr update it is following the triangle its in it might be a diffrent count but almost all alt counts show this a full on long
- I see a triangle pattern along with it bouncing off support
- First target is 40 after that i see ATH
$SPCE Long-Spce looks like a impulsive 5 wave up
-Its also building an amzing rising wedge for that final leg up
-It also has catalyst witht he spce launch
-Overall bullish (trend is your friend)
XAUUSD analysis sell opportunityHi traders, gold is making bearish price action and we are having setup which is forming possible running flat there, i will be interesting to watch 1852 area if price will reverse from there and drop, if not we will most likely see price pushing bit higher to fib 0.618 or mybe even 0.786. I will update below if pattern change again. I posted below 1h price action so its more clear. Anyway watch gold it can move realy nicely! Stay patient
