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Neowaveforecast

INJUSDT NEOWAVE ANALYSISWave A is the fastest and strongest wave on the chart, indicating that the long-term trend is up, and any downward wave is counter-trend. The pattern is a flat correction, confirmed complete in April 2024 with the drop from $52 to $18. Currently, we appear to be in an X wave. The X wave can be labeled as small or large based on its retracement of the entire pattern. Since it is not yet complete, I cannot provide further details based on the monthly chart. However, the price is likely to fully retrace the $13 low, and it should head lower.
by thekidtrader11
1
USDJPY NEOWAVE ANALYSIS (DAILY) Experimental analysis with the intention to follow back later on as I am still learning This pair really excites me. I do not know why, but it has stuck with me, so I thought I’d give this a try even though it should be considered low probability due to me going deep down to the daily. As you can see, once wave F got over, we did get a very good 5-wave rally to complete wave A. Although i have no idea yet what wave A is a part of. After the biggest daily drop since wave 2, we got some downwards movement which indicated that the rally up is over. Now using logic and good reasoning when I think about this, it’s not possible for the downside movement to end so quickly after almost 2 months of upwards movement. Hence, I will take it to believe that the correction is still ongoing and the rally we are seeing right now is a strong B wave rally of a possible flat. I do not know where wave B will end, although since I do consider it to be strong, I will expect it to completely retrace wave A. Once we know where wave B finishes, then only I could understand whether the C wave will completely retrace the B wave. Any prior sell off before retracing wave A would mean that we're looking at a triangle correction
by thekidtrader11
ETHUSD 6 MONTHLYSince its inception, ETH has moved up in a 5-wave pattern, which is now being followed by an ABC correction. Wave A occurred during the last bear market. Currently, we are in wave B, and the market is showing a lot of strength. Wave B should retrace the 5th wave completely and move higher. A move higher than wave 5 will indicate a strong B wave. Depending on where wave B finishes, it will determine whether wave C retraces wave A or not. If the B wave falls between 101-123.6% of wave A, there is still a relatively good chance that wave C will completely retrace wave B. If the B wave exceeds 123.6% of wave A, there is little chance that wave C will retrace all of wave B. If it does, it will still be an irregular pattern. When the B wave exceeds 138.2% of wave A, there is no chance that wave C will retrace all of wave B. I personally can see ETH reaching around $7,000 to $9,000 very soon This is all I can say based on the 6-monthly chart.
INDEX:ETHUSD
by thekidtrader11
COIN NEOWAVE ANALYSIS (DAILY)Experimental analysis with the intention to follow back later on as I am still learning After posting the weekly chart, I decided to take a look at the daily chart to see if I could spot any clues, Initially, it looked like an expanding triangle, but after reviewing it thoroughly, it did not meet the requirements. The only other formation that could fit this structure is a terminal impulse. In this scenario, Wave 3 is the extended wave, doubling the size of Wave 1. Typically, when Wave 3 is extended, Wave 5 tends to equal the length of Wave 1. If not, then Wave 1 will usually be either 61.8% or 161.8% of Wave 5. With this in mind, I would anticipate a minimum 20% upside, a 35% medium target, and a maximum target around 65%. Obviously, we can only get a real target once wave 4 is over. I do expect this terminal pattern to be part of a complex correction featuring an X wave, or to be the first leg of a larger corrective structure. If you read my weekly analysis, you will understand that this complex correction will end wave G, which would end the B wave. This daily chart hints at a stronger B wave, which would put COIN in a bullish long-term trend. Note: Since this is a daily chart, the probabilities of failure are even.
NASDAQ:COINLong
by thekidtrader11
COIN NEOWAVE ANALYSIS Experimental analysis with the intention to follow back later on as I am still learning A very interesting chart to look at simply because of its popularity and future growth prospects. What stuns me the most is its drop from $130 to $40, a decline of 70% in a matter of 8 days, which is insane. Anyhow, that drop tells me that we are most likely in a larger downtrend, and things might not look good for Coinbase in the long term. Currently, we have finished wave A and are in wave B of a flat. The only thing left is the completion of wave G, which should signal the move down to complete wave C. This G wave will be a big decider in where Coinbase is headed since wave G is likely to be the same in price as wave A. If not, it might be related by 61.8% or 161.8%. A move at 161.8% would signal a strong B wave and also lower the chances of potentially retracing wave B completely. Important note: if we break the current high, we are likely headed for the 161.8%. However, if we keep edging downwards, this means that the top is already in.
NASDAQ:COIN
by thekidtrader11
2
IONQ NEOWAVE ANALYSISExperimental analysis with the intention to follow back later on as I am still learning My dad actually shared this ticker with me since he was holding it. I tried my best to analyze it and come up with a conclusive statement at that time, although I couldn’t, and what I did come up with was completely invalid. The main reason being that the price data available is very recent, and there is not enough price action to tell what exactly is going on. Today, I will try my best to let you know what’s happening and where IONQ is headed. The pattern is a complex correction joined with an X wave. The first part is a running flat correction with a strong B wave. All trending waves are to the upside, and the recent wave A, being the fastest and strongest wave, tells me that the long-term trend is up. My only dilemma in this chart was understanding whether the wave after the flat was either an X wave or an A wave. The only reason I decided to call it an X wave is due to its slow price action, whereas the recent move is a better A wave rather than a B wave, which is likely not possible. I do not know what kind of correction wave A is a part of, but my best guess could be a contracting triangle since wave A was pretty strong, and normally wave A is the largest wave in a contracting triangle. So, this correction would be a double three correction. I do think wave A is over; however, we should get confirmation soon by the start of January.
NYSE:IONQ
by thekidtrader11
RIVN NEOWAVE ANALYSIS (DAILY)Experimental analysis with the intention to follow back later on as I am still learning I thought I'd share this as it seems interesting, given its low probability. The lines represent a projected path and do not represent time The pattern forms a neutral triangle. Wave C is the largest, potentially 138% to 161.8% of wave A. In this scenario, wave C concludes at 138%, provided my calculations are correct. Any movement above wave C would invalidate this pattern. I anticipate a significant sell-off to begin shortly for this to be accurate. Let's see how this goes
NASDAQ:RIVN
by thekidtrader11
USDJPY MONTHLY NEOWAVE ANALYSISExperimental analysis with the intention to follow back later on as I am still learning I don't think it could be any clearer on the monthly chart. . We are currently in wave C, and I have a strong feeling that this diametric will be part of wave 1 of a terminal. The only confirmation will be through the post-market reaction after wave G concludes. The price action following wave G should be quicker and stronger than waves B, D, and F. Regarding wave G at present, it is likely to equal wave A in price, or it may correlate by 61.8% or 161.8%
by thekidtrader11
PLTR NEOWAVE ANALYSISExperimental analysis with the intention to follow back later on as I am still learning Looks like a clear flat pattern due to the very stretched out B wave, which also ended around the 1.38 extension of wave A retracement. This tells me one thing: the B wave was indeed strong. Normally, in such scenarios, there is a very small chance that wave C retraces wave A with such force. This pattern will most likely be the first leg of a very complex correction. Although rest assured that the overall trend for PLTR is up, I do not know to what extent. But after this wave C completion, we will be headed down for quite some time.
NASDAQ:PLTR
by thekidtrader11
$NVDA NEOWAVE ANALYSIS Experimental analysis with the intention to follow back later on as I am still learning CRASH INCOMING!! The pattern is a Diametric A Diametric is a 7-legged formation NVDA has reached the target for wave G The action following a Diametric pattern does not depend on the Diametric itself. If the movement after wave-G is not more stronger and faster than waves-B, D, and F, then an X-wave is likely forming. If it is, then the Diametric could be part of a larger pattern in progress, or it could represent wave-1 or 3 in a Terminal formation.
NASDAQ:NVDAShort
by thekidtrader11
Understanding the S&P 500's FundamentalsUnderstanding the S&P 500's Fundamentals The S&P 500 is a stock market index that tracks the performance of 500 large-cap U.S. companies. To understand its fundamentals, we need to delve into its components, key metrics, and influencing factors. Key Fundamental Metrics: Earnings per Share (EPS): This measures a company's profitability by dividing its net income by the number of outstanding shares. A higher EPS generally indicates a healthier company. Price-to-Earnings Ratio (P/E Ratio): This compares a company's current share price to its earnings per share. A lower P/E ratio may indicate a stock is undervalued. Dividend Yield: This is the annual dividend per share divided by the share price. It represents the return an investor receives from dividends. Price-to-Book Ratio (P/B Ratio): This compares a company's market value to its book value (assets minus liabilities). A lower P/B ratio may indicate a stock is undervalued. Debt-to-Equity Ratio: This measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates a healthier financial position. Factors Affecting the S&P 500: Economic Indicators: Factors like GDP growth, interest rates, inflation, and unemployment rates can significantly impact the performance of the S&P 500. Industry Trends: Changes in specific industries can affect the performance of certain S&P 500 components. Geopolitical Events: Global events such as wars, trade disputes, and political instability can create uncertainty and volatility in the market. Investor Sentiment: Market sentiment, driven by factors like news, economic data, and corporate earnings, can influence the overall direction of the S&P 500. How to Analyze the S&P 500's Fundamentals: Track Key Metrics: Monitor the overall P/E ratio, dividend yield, and other metrics to gauge the market's valuation. Analyze Economic Indicators: Pay attention to economic data releases, such as GDP reports, inflation figures, and interest rate decisions. Monitor Industry Trends: Stay informed about the performance of different sectors within the S&P 500. Consider Geopolitical Factors: Be aware of global events that could impact the market. Assess Investor Sentiment: Gauge market sentiment through news, social media, and analyst opinions. Where to Find Information: Financial News Websites: Websites like Bloomberg, Reuters, and CNBC provide real-time news and analysis. Financial Data Platforms: Platforms like Yahoo Finance, Google Finance, and Seeking Alpha offer detailed company and market data. Brokerage Accounts: Many brokerage accounts provide tools and research to analyze stocks and indices. By understanding these fundamental factors and using reliable sources of information, you can make informed decisions about investing in the S&P 500.
SP:SPX
by ITManager_US