EWT
THETA ready for correction?Based on EWT we could be right at the end of the 5th wave and in for a short correction. Bearish divergence forming on the daily chart.
Tesla. That's The Top. Roast Me.TSLA has had quite the come-up recently - I think I've said that phrase about 3 times in the past year. Here's the case - this looks like a solid third wave extension I identified this when I zoomed out to the daily candles. You can see the detailed wave-count on the 4-hour chart starting from November of last year.
Predicting a rather severe correction potentially ending in the lower 300 range - this move would be incredibly healthy for TSLA in the long term as it validates this entire bull run-up. Price points obtained with volume-profile and various fib retrace zones.
(Reference Image here for third-wave extension www.elliottwavetrader.net )
Nasdaq (USTech100) long term viewWhat we see here is a corrective 5th wave. This is possible on the basis of the updated rules. The minimum target for the following correction is the 38.2 RT of the hole upward impuls.
Energy Web Token is breaking out after trying to find a bottom !After EWT topped out in August 2020 after a 4 x run, the token has been in a more than 4 month downtrend channel relative to Bitcoin.
This changed today !
At the moment EWT is back testing the descending trendline of the channel.
It seems to me that it has finally carved out a bottom and wants to trend higher.
Not financial advice but I have been buying around 10th December when EWT seemed to be collapsing....
I was lucky ! EWT is up 25% today alone !!
EWT: Undervalued & Primed for Massive GainsMy Fellow Crypto Traders,
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XCUUSD (Copper)Maybe the red (2) is already finished but it's also possible that there is a Y wave to the downside is missing.
SPY - Current Plan of ActionWaiting for SPY to retrace and retest and old support line as resistance before coming down as low as $364-363 range.
Best to use the come-up to secure good shorts.
