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Sine Wave

NYSE Index Bear Case.Good evening, This post is part of a series of requests i recently received. The request was: "What is your bearish projection on the US stonk market". --- Some may ask, what is the NYSE Index? 👇 The NYSE Composite is a stock market index covering all common stock listed on the New York Stock Exchange, including American depositary receipts, real estate investment trusts, tracking stocks, and foreign listings. --- My estimated top for the New York Stock Exchange Index sits at $15,546 ~ $18,545 High probability target = $16,600 --- My estimated bottom on this one is roughly between $12,293 ~ $10,064 High probability target = $11,319 --- 🔺
TVC:NYA
by Eloquent
Nasdaq Bear Case.Good evening, This post is part of a series of requests i recently received. The request was: "What is your bearish projection on the US stonk market". --- Well, this right here is my primary bear case for the Nasdaq. Keep in mind, this is just a single bear case from my perspective; there's always many different potential outcomes, and it's my duty to discover them, and share them with you - the trader. >Just because you are seeing this picture here today, does not mean this is what will happen . --- Tuesday November 29th 2022 ~ December 21st 2022 = my calculated top for the Nasdaq. Estimated to sit between $13,016 ~ $15,308. High probability target = $13,697. ps. if money rotates, or a proper catalyst appears, nasdaq could squeeze up to some of the higher targets on my chart to create a regular or expanded flat. --- Friday May 12th 2023 ~ Tuesday October 24th 2023 = my calculated bottom. Estimated to sit between $9449 ~ $7361. High probability target = $8085. --- 🔺
CME_MINI:NQ1!
by Eloquent
Let's learn about flats.good evening, in preparation for my next few bear posts, i'd like to talk about the three different types of flats in the markets. the main reason why i'm bringing this up right now, is because the USA Indexes are displaying all three of these patterns currently, so it's important to familiarize yourself with these fractals, for future references. feel free to share this with your peoples if you find it helpful. --- regular flats : • A corrective 3 waves move labelled as ABC • Subdivision of wave A and B is in 3 waves • Subdivision of wave C is in 5 waves impulse / diagonal • Subdivision of wave A and B can be in any corrective 3 waves structure including zigzag, flat, double three, triple three • Wave B terminates near the start of wave A • Wave C generally terminates slightly beyond the end of wave A • Wave C needs to have momentum divergence Fibonacci Ratio Relationship • Wave B = 90% of wave A • Wave C = 61.8%, 100%, or 123.6% of wave AB --- expanded flats • A corrective 3 waves move labelled as ABC • Subdivision of wave A and B is in 3 waves • Subdivision of wave C is in 5 waves impulse / diagonal • Subdivision of wave A and B can be in any corrective 3 waves structure including zigzag, flat, double three, triple three • Wave B of the 3-3-5 pattern terminates beyond the starting level of wave A • Wave C ends substantially beyond the ending level of wave A • Wave C needs to have momentum divergence Fibonacci Ratio Relationship • Wave B = 123.6% of wave A • Wave C = 123.6% – 161.8% of wave AB --- running flats • A corrective 3 waves move labelled as ABC • Subdivision of wave A and B is in 3 waves • Subdivision of wave C is in 5 waves impulse / diagonal • Subdivision of wave A and B can be in any corrective 3 waves structure including zigzag, flat, double three, triple three • Wave B of the 3-3-5 pattern terminates substantially beyond the starting level of wave A as in an expanded flat • Wave C fails travel the full distance, falling short of the level where wave A ended • Wave C needs to have momentum divergence Fibonacci Ratio Relationship • Wave B = 123.6% of wave A • Wave C = 61.8% – 100% of wave AB --- -- full credit to elliottwaveforecast for all of these guidelines
CME_MINI:NQ1!
by Eloquent
LITUSDT I saw two bearish harmonics patterns a butterfly and an anti-butterfly. These two patterns coincide with the current Elliot Wave counts going through wave B of the corrective ABC phase. As per Wolfe Wave pattern, the TP is at 1.210 but this will only happen if the price will bounce above 0.972 which will make a 5th wave extension. Please note that every time a harmonic pattern TP is reached expect a reaction or pullback that may happen so make sure to secure your gains if ever you have considered my analysis.
Short
by jaorcine
QQQ sine wave fractalSaw a sine wave pattern, so I mirrored and flipped the bar pattern. It matched up nearly perfect with my plot derived from options and fibs. Won't be perfect, but it should rhyme a bit, for a lil bit. Options: For wed expiry, QQQ 362 is put heavy, 7500 p vs 4k c. There's also equal and opposite options at 368, 7500 c/4k p. 366 is max pain and also highest put, so this may act as resistance. 362 is more even P/C than some nearby levels. So may act as a neutral. When you have a level with nearer 1.0 P/C it tends to act like a magnet, cause both calls and puts get squeezed. 366-362=4 362-4=358 So I'm thinking 358-366 range over the next 24hrs. Under 360, calls are all pretty much shot. A few at 356. Huge put wall at 350 should act as support, but under 356 most all puts are ITM. Target 350, if FOMC minutes sell off fast, but put stops on under 360 and again under 356. Also s/l at 366 from here. I'm already short and ITM, but will scalp any bounce and look to add more shorts near 365/366.
NASDAQ:QQQ
by Nicklaus68
1
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NASDAQ:AAPL
by Auxtyn
SOFI about to break out at $17.17?NASDAQ:SOFI intra day is trading at >$16 as I type this. On December 10th SOFI was printing below $15.46 Since then, it has tested the $15.46 level twice since its initial drop below that level (a 20 calendar-day period). Lets back up in time some for context: On Nov 11 SOFI printed intra day at $24.63 Since then, SOFI has been trending downward and has fallen as low as $13.67 (on Dec 17) Dec 03 was the first time since Sept 22 SOFI was printing <$15.46. After consolidating in between the $14-15.50 range, SOFI seems to have broken out to the upside. Historically (although a small sample of history due to it being a new stock) $17.17 will be the next major area of resistance if SOFI continues to rally to the upside. Historically, SOFI has had 13 major upward/downward tests of $17.17 on the monthly candles, it is no stranger to this level. Of those 13 attempts to break through $17.17: Bullish Breakouts: 4 - Monthly candle open below and closed above $17.17 - The proceeding Monthly candle open and closed above $17.17 Bearish Breakout: 2 - Monthly candle open above and closed below $17.17 - The proceeding Monthly candle open and closed below $17.17 Positive Backtests: 4 - Monthly candle opens above $17.17 - Monthly candle either has a wick or body that closes below $17.17 - The proceeding Monthly candle opens below but closes above $17.17 Negative Backtests: 3 - Monthly Candle opens below but closes above (or has a wick in the case) that prints above $17.17 - The proceeding Monthly candle closed below $17.17 Overall Bullish reactions: 8 Overall Bearish Reactions: 7 Total # of Bullish runs: 3 Total # of Bearish runs: 3 The picture I am painting is the IMPORTANCE of the $17.17 level for SOFI. Take-aways: As SOFI moves above $17.17 and breaks $18.65 there is a high historical probability that it tests 24.63 or higher. As SOFI moves below $17.17 and breaks below $15.46 there is a high probability that SOFI tests $13.67 SOFI's price action seems to be condensing over time very slowly and is trading within a symmetrical wedge pattern in its most macro sense. SOFI's median price is (technically 17.54) but the $17.17(range) acts like a magnet, accelerating both bullish and bearish momentum The chart is very Sine-wave-ish, the cycles are apparent. Bulls as of now seem to have taken control and are looking to again test $17.17 Last thing of note: the wave-like nature of the stocks entire history is very similar to what we see in an accumulation/distribution phase B of a Wyckoff pattern. My predication is that $17.17 is tested in the next 30-60 days and will signal a massive bull run to new ATH's under one condition: THE NATIONAL BANK CHARTER gets FULLY approved. If the bulls can continue momentum through Jan., come Feb. there MAY BE a chance that we get word on this news which would accelerate SOFI past 18.65 and attempt to break the ATH of $28.26. If the bulls lose control at $17.17 I would look to $15.56 as support. This said, I will be looking at jumping into ATM SOFI calls (early) @ >$17.50 or OTM (late) at >$18.65 ATM Puts would be considered <$15.46 Of course, chart and news depending as that time approaches (if it does at all) Not financial advise. Do your of analysis and DD before entering or exiting any trade of your own.
NASDAQ:SOFILong
by OccamsPhazer
AMC — Ghost Wave Reveals Hidden Fib LevelsThis is a rather difficult thing to sum up, but relates to the Creek Finder tool I've been working on. The other day, I noticed that you could draw a sine wave which perfectly connected the tops of the PSY, BC & SOS with the bottoms of the Spring and Deep ST of this micro-trading range. After drawing it, I realized that drawing a fib from the first ST to the SOS would have perfectly predicted the wave's amplitude. I call this wave the Ghost Wave. The Ghost wave showed me there was a kind of energy running through this trading range which extended beyond what the candles revealed. So, I took a second fib from the peak to the trough of the ghost wave and then drew sine waves of the same wavelength (but inverted the peaks) between each of the levels of this new fib. As you can see in the notes on the chart, there are several places where these fib waves acted as support and resistance in a way that straight lines would have missed. I see these as a myriad of creeks over which price must jump on its way out of this trading range. On my version of this chart, I also have a volume wave of the same wavelength as the ghost wave. Because of scaling issues on published ideas that hasn't been included. But, you can imagine a wave which connects the peaks of the volume bars. Notice how as we come out of the trough of the ghost wave, it will allow for volume to begin to flow in. Today, I'm watching to see how the stock responds to the bounce after retest of the 238 wave. Will we be able to take each new level? And will the volume flow in under the volume wave as it rises?
NYSE:AMCLong
by squarerootof9
1
BTC on track for a wild start to 2022- The sin wave suggests a peak in the crypto markets Q1 2022 giving us 12 weeks to reach the peak The similarities between bitcoins 2011-2013 rally and bitcoins 2020-2022 rally are uncanny. In 2011 there was an initial rally before a large sell off back to the support, followed sharply by a breakout through the support and now resistance level. After a couple months of noise around this resistance level a double spring as btc attempted to break through the support level. Whilst it never managed to get on top of the resistance, BTC peaked out at 1300 as opposed to it peaking out about $30 at its ath above the support. I think we can apply these ideas to the most recent btc rally as we see a similar pattern emerging. i.e. One leg up, break through support now resistance, followed by a lot of noise trying to break the resistance and soon we'll see the second major leg up to around 150k. Other cryptos will follow as they are largely dictated by BTC. Wishing you all a great Christmas and BTC breaking new highs into the new year and beyond. See you on the moon
INDEX:BTCUSDLong
by Jimmy205
AMC -- Creek Finding Tool -- BETAThis week, I've been experimenting with a method of anticipating creek cross moments across a number of securities. Of course, my intention is to create a reliable indicator to overlay on Wyckoff accumulations in order to understand where the high pressure domes of selling, which pin price down, exist and to recognize as early as possible when one of those zones has been crossed. In Wyckoff, the creek has long been thought of as a meandering band which winds arbitrarily through the trading range, pinning the price below it. And, a strong cross above that line, usually with a long green candle is a sign that buying has overwhelmed selling pressure and a markup phase has begun. But, what if, in the age of algorithmic trading, there is a predictable rhythm to the formation of the creek? WIth this tool, I'm using Sine Waves pinned to volume spikes (to determine wave length) and Fib Retracement (to determine amplitude.) The three creeks being tracked here are: Creek 1: Yellow -- Creek 2: Red -- This resistance band is tied to the regional low (measured from the terminal shakeout spring from the previous trading range) & current high (marked UT). It has been pinning price lower and lower in the trading range and carried us toward the ultimate spring (which I mistimed with the path I drew yesterday.) Creek 3: Green -- As always, this chart is open source. Please feel free to click "share" then "make it mine" in order to play with it for yourself.
NYSE:AMCLong
by squarerootof9