Always crystal clear in the retrospectometer. NQ making new ATH daily while the small caps and broader market swoon. Fewer and fewer issues carry the index to nosebleed heights, see how RSI weakens at each new high... this is the end of the run. May not lead to a crash scenario, but lower prices and persistent weakness are likely over the near to mid term...
The look and also feel of this latest weakness in price is very much like a fourth wave. Shallow pullbacks and choppy PA. This monster should sell in September, but an odd statistical curiosity is that most ATH occur in... September, typically in the first week. So the first few days of this new trading month could well be bullish. Notice the relative strength...
seems like 4th wave is complete with exact 0.382 retracement of the 3rd wave and stock should shoot up to finish the 5th wave
GET READY. BACKTESTED. PIVOT IN PROGRESS. Three Drives to the Top! 4310 Double Top Coming. BULLS LAST HURRAH.
Markets are not moving much. They slowed down after some dollar weakness over the last two trading days. We see US stocks coming down from resistance ahead of Powell today, so it appears that investors are waiting on more details before they may position themselves for a breakout. Will Powell be hawkish or more neutral with comments is the question. I think he may...
KRAKEN:LTCUSD One of these two will play out. Just need an entry now😥 Consider a Donation: BTC: 0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694 (BEP20) 159F3K5sZYnAQC4qt929jkkXKfSgNmukbq ( BTC ) ETH: 0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694 (BEP20) 0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694 (ERC20) LTC: 0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694...
What you witness here is a typical Expanding Diagonal. This last leg can push above the trend line, BUT dont be fooled. "Contracting diagonals can overshoot its trend line during wave 5 (called throw-over) and still be valid as long as wave 5 remains smaller than wave 3" We are already seeing a clear break-out of the bullflag!
I see Fifth wave failure on #BTCUSD chart. BTC must back to 50K soon I will multiple entries buy in this zone ( manage yr lot size ) Invalid 5 wave failure around 31000(S/L zone ).
Utilizing Elliot Wave theory we can derive a 5 wave pattern that gives us two targets using two methodologies. The first most simple is to take the magnitude of wave 1 and project it from the beginning of wave 5 which gives us a target of about 3999. The second methodology uses a combination of points from waves 3 and 4 to project several Fibonacci levels and the...
I found at least three different timeframes that sport the same basic fractal - all of which are completing nearly simultaneously. Wonder why there are moments in the day when you feel like the market just collapsed for an instant, but then somehow survived? It is because each of these patterns of varying degree needs to complete before we can essentially drop...
Straight-forward 5 wave formation. Happy to be wrong on this one. In the event I am right you heard it here first. With the apparent Tether manipulation, indications long term holders sold and endless forks of BTC and other coins the crypto space of today is very different from the crypto space 18 - 24 months ago.
There are 2 scenarios for EURUSD. There is big rising un 1d TF, where price is at bottom of it, if price break I have highlighted 2 TPs for which I'm waiting. But price in this wedge is moving in Elliot waves we have already 1st, 2nd, 3rd and 4th wave, so if price bounces up from this bottom line there will be a 5th wave with TP atleast top of the 3rd wave....
Several contributors have proposed Wolfe Models. This move formed a flat pattern rather than a rising channel. This flat emulates a measured move 'flagpole.' We're sitting on the cap at top of flagpole IMO. MFI gone in half, volume sparse. Typical of Wolfe waves is the time elapsed in 1>2 = 3>4, as is clearly seen here. Enjoy the last gasp of this mad...
If we count waves according to Elliott Wave theory, we might see a final 5th impulsive wave going up to the $3000s. Since we had a 3rd wave extension, the amplitude of the 5th wave should be around 100% of the first wave. This coincides with the double top that formed at $3123 beginning of March. On the other hand, there is the $3000 level that got many price...
Pure WAG and sheer speculation. Absolutely NOT investing advice! This post is strictly for your amusement only; intended purely to entertain, so enjoy! NB: Near-term some sort of correction is due, index trading >2SD above 50DMA, RSI overbought near 80; absent a Fed Hike on 28/29 Jan, expect a modest pullback. The monster break of Feb 2018 is unlikely to repeat...
REN/BTC finished bullish gartley pattern. Strong bullish
ZRX/USDT is in a strong Uptrend and still pushes the price up. In the chart we can see the lower trend line, which ZRX often respected and always bounced UP. I marked the impulse motion of the ZRX with five waves, and we should actually go to complete the fifth wave. ZRX is still in the tracking phase for us because I want to wait for confirmation of increasing...