The Breakout! With The Easiest Chart Thank you for taking your time to watch this video and if you enjoyed it, Please feel free to ask any question in the comments and leave a like!
Elliott Wave
OCGN Elliott-Wave AnalysisPrice probaly established the bottom on the 23. Oct
Great upside potential for the future!
NVDA Long: Close out your shortsI have previously made a bearish case for NVDA that was invalidated as of the last session. Now that NVDA has hit a new high, we need to revert to a more "normal" way of counting our waves.
Over here, I presented the case where the minimum target price is 156 and the next target is 174. So, do not hold onto your shorts.
NIFTY Crash Coming or Minor Pullback?NSE:NIFTY gave a monthly negative close after a clear 5 wave rise. Does it mean we are going to see a crash or it might be just a regular pullback? In this video, I have covered both alternatives with possible levels to watch out for.
Downside unfolding in NASDAQ 100NASDAQ:NDX has finally started giving confirmation of downmove with weekly negative close and a strong bearish engulfing. We might see a pullback in wave 2/B early next week after which downmove should continue. Watch the video for levels and more details.
BTC - NEW ATH Approaches and ALTSEASONThe first time I started talking about my outlook for BTC in 2024, was in MAY. This is the original post where I first propose the Elliot Wave theory, with a 30% multi-month correction:
It's been a painful journey that required a lot of patience - but today, I am pleased to see that the idea has payed out by 95% so far.
The play has always been a "multi-month" approach, and now it is the last push towards the new ATH which I believe to be anywhere from 82K upwards.
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OKX:BTCUSDT
Vertex Pharmaceuticals (VRTX) | Chart & Forecast SummaryRight Here You Can See Vertex Pharmaceuticals Incorporated (VRTX) Registered As (VRTX) On The New York Stock Exchange, Vertex Pharmaceuticals Incorporated Is An American Biopharmaceutical Company Based In Boston, Massachusetts.
The Following Chart & Forecast Summary On Vertex Pharmaceuticals Incorporated (VRTX) Has been Subject On
Key Indicators on A Trade Set Up in General Like A
1. A Push Set Up
2. A Range Set up
3. And A Break & Retest Set Up
Overall Conclusion | Like The Trade Plan Execution & Risk Management on Demand It Tells Us
"Long Bias For Now"
The Procter & Gamble Company (P&G) | Chart & Forecast SummaryRight Here You Can See The Procter & Gamble Company (P&G) With The Symbol "P&G" Registered On The New York Stock Exchange. The Procter & Gamble Company (P&G) Is An American Multinational Consumer Goods Corporation Headquartered In Cincinnati, Ohio
The Following Chart & Forecast Summary On The Procter & Gamble Company (P&G) Has been Subject On
Key Indicators on A Trade Set Up in General Like A
1. A Push Set Up
2. A Range Set up
3. A Break & Retest Set Up
Overall Conclusion | Like The Trade Plan Execution & Risk Management On Demand It Tells Us
It Is A Neutral Bias For Now
NVDA Bearish Elliott Wave AnalysisDisclaimer: I did this analysis with a strong bias that the market is overrun and purposely look for a bearish case for NVDA since it seems to be the one stock that is forcefully pulling the indices up. All other usual way of analyzing waves will give NVDA a target above $153.
In this analysis, I gave the following points:
1. On the weekly chart, we can see a clear downtrend in volume (can be seen on daily too).
2. RSI divergence on the daily.
3. An irregular correction W-X-Y-X-Z.
4. Fibonacci Target of the last wave.
Please use this with caution and only as a reference on how a bearish case for NVDA could be.
S&P 500/CITIGROUP | Chart & Forecast SummaryKey Indicators on A Trade Set Up in General
1. A Push Set Up
2. A Range Set up
3. And A Break & Retest Set Up
On Replay Mode The Triangle Pattern Means An Uptrend Matching A Bullish Bias
Global Market Downturn I analyze a few stock markets and gave me opinion on why I think the global stock market is going to turn down. Pardon the incoherent talk near the end.
Follow-up Update on NASDAQ - Down-move has started?This is in continuation from my weekend update on NASDAQ:NDX where I mentioned that we should likely be headed down from the upper channel line of rising wedge. Yesterday we got a negative daily close and in hourly timeframe, we can see clean 5 waves down. More in the video.
NASDAQ Weekly Elliott Wave Analysis - Expecting DownsideNASDAQ:NDX seem to be in last stages of wave X of WXY correction post which we should see wave Y down. At the minimum, I am expecting 15% correction in wave Y. More details in the video.
Elliott Wave Analysis: Bitcoin Consolidation ResumesBitcoin is turning to the downside as the US dollar recovers alongside US yields, which have risen nicely since mid-September. With further dollar strength possible, potentially pushing towards the 102.50 or even 103 levels, this is likely to be bearish for Bitcoin, at least in the short term. Bitcoin has also turned down impulsively from above $67,000, signaling that it remains trapped in a large consolidation phase. While I believe there’s potential for Bitcoin to eventually break to the upside, we will need to be patient until some key levels are taken out.
Grega
DOGE PARABOLIC?? First, watch for these TWO CONDITIONS Dogecoin has been one of my top altcoins to watch for 2024, and it's likely going to be a key player in the parabolic runs during the next impulse wave UP.
If you've been following for a while, you'll know I've been anticipating impulse wave 4-5 around December ( according to Elliot Wave Theory). Across many altcoin charts, we see very clear bottoms as the prices are making their way to the fist major resistance zones.
We see it HERE, on Avax:
HERE on FETCH:
And even on ADA, Here:
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BINANCE:DOGEUSDT
Bitcoin - MORE INCREASE? Have to see THIS FIRSTBitcoin has been giving us some positive vibes as buying pressure shows up on lower timeframes. We've even managed to keep the price above $60k - an excellent sign of strength.
However, before considering more upside there really is just ONE thing we need to see - higher lows.
For as long as we are unable to breakout ABOVE the diagonal resistance zone, we'll just be stair stepping down into a slowburn, slow decline until point 4 is established and we're ready to complete the final impulse wave up (4-5).
Making higher lows would result in prices back towards the upper 60's, with a successful retest of the neckline support.
EXTRA FOR EXPERTS - Here's how to use the Bitcoin Dominance chart together with the Altcoin market chart to gauge the next direction of BTC:
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BINANCE:BTCUSDT
Can DXY Stabilize at 99.50-100 Area Despite FED 50bp Cut? Dollar Index – DXY has turned bearish after the corrective rally stopped at 105.70-106, an important resistance area at the end of June. Since then, the price even accelerated lower through summer so it appears that a bearish impulse is in play, but with recent touch of a new swing low, DXY is possibly in fifth wave, so be aware of some support in weeks ahead. But closer look shows that there is still some room left for 99.50-100 area, but if this will occur and structure a wedge shape, then we should be aware of reversals, and new correction.
So as said, the price could still see a bit more weakness into the 5th wave to fully complete this ending diagonal, but then dollar can turn for a new correction, considering that recent dollar weakness has been mainly driven by these rate cut expectations, so now that this 50bp cut has been done, the dollar may stabilize due to a “buy the rumor, sell the news” effect.
However, any rally will be temporary, as I think that dollar has room for much more weakness, bu ideally after another a-b-c recovery.
101.80 -102 is strong resistance.
GH
Understanding Sub-Waves in Elliott WaveUnderstand Sub-Waves inside a major wave in a huge part of the Elliott Wave theory.
Each wave weather that's an impulse or correction is made up of smaller subwaves, which either play in the label of I,II,III,IV,V or A,B,C,D,E during a correction.
Bitcoin FULL Analysis PART 2In a previous analysis, I discussed the relationship between Bitcoin, the Altcoin market and Bitcoin Dominance.
An important rotation exists between these three; and by using TOTAL3 together with BTC.D, you can get a clearer picture of where BTC is trading in the current cycle.
In this video, I make an important suggestion based off Elliot Wave Theory. This theory is backed up by the points mentioned but also by the Logarithmic view:
From the log scale, we can see BTC is still trading relatively low compared to previous cycle top-outs. So the question remains - the end... or just the beginning?
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COINBASE:BTCUSD BINANCE:BTCUSDT CRYPTOCAP:TOTAL3 CRYPTOCAP:BTC.D
US Dollar Short: Crash comingBased on my updated Elliott Wave counts, USD is currently in a wave 3 down. I analyze this based on DXY, EUR/USD, USD/JPY, and USDSGD. Additionally, I also discussed the Fed rate cut. Instead of 25 basis points, the Fed might even cut 50 basis points.
Avoid Triple ZigzagsIf you see a triple zigzag from a 'pro Elliott Wave analyst,' run and save your money! It's a rare wave pattern and shouldn't be labeled in real-time.
HSI Short: Wave 3 and Update on the sub countsBase on my counts, HSI should be going down on a wave 3. If I am not wrong, it should break down from the upward channel.
