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Wave3

MARKET COMPLETING WAVE 3Based on Elliot wave theory, the ENTIRE market is nearing its completion of the 3rd wave. This coincidentally will happen just as the IWM is completing its full 100% retrace from lows which also follows elliot wave rules. The range to look for is $360-$365 with the mean target being $362. Everyone knows the entire market is beyond parabolic and way overvalued. there is not a single company that is not trading at a "fair value." eventually the rug will be pulled. Once wave 3 starts, we head into wave 4 which should bring us down to a minimum of $250 with a possible extension down to $200. This wave 4 will most likely follow the pattern of wave 2 with roughly 10 years of sideways consolidation. Meaning it can be a complex wave 4 having swings from $360 to $200. Once wave 4 is complete, we head into wave 5 which should easily carry SPY to above 500.
AMEX:SPYShort
by ncontelmo
1
Likely 700 point drop looming, but this is very bullishI continue to run more models. My models are like the cones of uncertainty when forecasting hurricanes. The more data that comes in changes the cone. In this case, this chart is completely different from the one 2 weeks ago. That one saw the end of Grand Supercycle 1, this one still has us in the final Cycle wave 5. This model also projects Grand Supercycle wave 1 will not end until early-mid 2022, but more will be published on that later. My prior model was not completely wrong as the major crash is looming, it is now just delayed for another 18 months or so. This chart is using similar models to project Intermediate waves 3, 4, & 5 (which are annotated in the white text) and another one to project Primary waves 1 & 2. The end location for Intermediate wave 3 is based on 110 data points. It is even possible this wave 3 ended with the close of trading yesterday which could start a 150-200 point drop over the next 7-13 days. Intermediate wave 4's end dates and points are separately based on 150 data points. Wave 4's have an average and median drop of around 41% the entire movement of wave 3. Wave 4 will give way to a nice jump slated to top right before election day in the U.S. Intermediate wave 5 is based off of 190 data points and tends to be the most accurate in all of the models I run. The end of Intermediate wave 5 is also the end of Primary wave 1. There is some overlap in the projects for the intermediate and primary waves. The most accurate projections are for the intermediate waves due to the amount of available data to determine those dates and price levels. The yellow text primary waves are larger targets because less data was used to obtain them. The biggest data points for the yellow primary waves comes from one main area. The fifth wave typically accounts for 15-20% of the bigger wavelength (with a consistent average & median around 18%). Theoretically Cycle wave 5 will last around 18% of Supercycle wave 5's length. 18% of projected Supercycle wave 5 is 610 trading days. 15% is 491 trading days. My current projection has Supercycle wave 5 ending (which is also the end of Cycle wave 5) in 2022. I will go into greater detail about these points in the future. The primary waves were calculated solely based on the 491-610 trading day length of Cycle wave 5. Each wave tends last a similar ratio to the larger wave it trades inside. This is how the yellow text was calculated. Wave 1's tend to last ~29% of the larger wave, 2 is ~12%, 3 is ~37%, 4 is ~5%, and 5 is ~17%. These values are not found in any book, they are from nonstop studies of millions of data points my programs have been running. The 700 point drop in the title speaks of my current projection from the end of Intermediate wave 5 / Primary wave 1 right before election day and through the first quarter of 2021. My website will go into much greater detail about the drop and whys. Leave comments if this analysis was helpful and thanks for reading.
SP:SPXLong
by StockSignaler
2
A Good Oppurtunity In MIDHANIWe Have Spotted an Full Five Wave Structure From The Low in August till The Highs We Have Also Checked The Wave Internals, Ratio Relationships, The Labeling Meets all The Rules and Guidelines of Elliott Waves, All The Waves are as Expected Based on Wave Personality, Wave 5th was an Extension, Therefore the Ensuing Correction Was Sharp (Just as Expected), Now if we Consider That If an Five Wave till the Highs has Completed and Wave 2 As well, Then The Wave Three of the Next Higher Degree is in The Making Right Now, Which Gives Us a Good Opportunity To Enter and Ride The Move Beyond The Highs.
NSE:MIDHANILong
by TraderYG102
VALE3: Long on Elliott Wave (III)/Compra por Onda (III)VALE3 has just confirmed its start of a WAVE (III) in SuperCycle degree. We should see a strong push to the upside in the coming months and quarters, with the 1.618 expansion at R$ 415. The whole advance from Early 2016 until the just broken out top "V" shows a clear 5 wave pattern, and that was labeled in Cycle degree as WAVE (I). The correction that ensued up till the corona virus/Oil glut - Russia vs. Saudis - bear market was labeled as a corrective WAVE (II). VALE3 acaba de confirmar o início de uma ONDA (III) de grau SuperCíclico. Devemos observar uma força vigorosa empurrando os preços para cima nos meses e trimestres a seguir, com a expansão de fibo batendo em R$ 415. A subida desde o começo de 2016 até o topo recém rompido "V", revela um padrão de 5 ondas, que foi rotulado a nível cíclico como ONDA (I). A correção que se deu até uns meses atrás com o Corona-Virus/Crise do Petróleo "Russia-Arábia Saudita" foi rotulada como ONDA (II).
BMFBOVESPA:VALE3Long
by geraldelli
Vaccine stock to climb up to $140 in wave-3At a weekly time frame, this stock is the next thing to blow out. With phase 3 trials expected in July, the potential of $MRNA could be huge in upcoming weeks. With wave-1 and wave-2 already formed, market is now forming wave-3 which may lead the price to possibly $140-160 zone. (Note: Please ignore the markings for wave-4 and wave-5) What do you think about this idea? Leave your comments below. Disclaimer: This is not a financial advise. Please make your independent decisions while making an investment.
NASDAQ:MRNALong
by mustafa_bey
3
Bitcoin: Waiting For Long Setup 8400 AREA.Bitcoin consolidating again after the dramatic short squeeze to the 10,200 area. In fact, there is a sell signal in place as I write this, but is Bitcoin a short? Those that can appreciate my analysis and perspective know that answer to that, while everyone else chases 5 minute charts. In this article, I will update the relevant levels in play and what we are looking for in order to enter a new swing trade long. Don't get caught up in the "WHY!?", because all that really matters is "WHERE". And to recognize high probability locations, elements like magnitude and trend need to be defined clearly. I was consistently writing about the high probability of a short squeeze while Bitcoin was gyrating in the 7Ks, and pointed out a lack of trend. In order to put that statement into perspective, you need to understand how I am defining trend. My definition is derived specifically from the daily time frame, along with guidelines that come from the Elliott Wave frame work. 1. Our strategy defines trend as follows: 3150 to 14K is larger degree Wave 1 (BULLISH), 14K to 7295 Wave 2 (Corrective consolidation of a BULLISH broader trend). Even though price was pushing lows within the consolidation (9300 break to 7293) this is still part of Wave 2 which on the larger magnitude does NOT qualify as a bearish trend). This broader perspective offers insight into the probabilities of a location and why the HERD gets caught off guard shorting into fake out zones. 2. 7293 is a higher low relative to 3150. This is now a major support level and defines the broader Wave 2 low. Higher lows often lead to HIGHER HIGHS. 3. The magnitude of the short squeeze to 10,200 is a typical impulse that usually defines the initial wave of the next broader move. In other words, this could be the first leg of a broader Wave 3. According to Elliott Wave Theory, Wave 3 is NEVER the shortest wave. 4. With the initial impulse in place, the current minor consolidation is nothing more than a corrective wave (minor Wave 2) that can technically retrace to the low of minor Wave 1 (7295) and still be considered bullish. We are anticipating a reversal around the 8472 to 7974 minor support zone. It is this support zone that offers a high probability location for SWING TRADE long setups. 5. Although a Wave 2 low is established, the overall range is still the 14K high to 7295 low. This means we still operate under the guidelines of a RANGE BOUND market, UNTIL the shorter term trend is confirmed (14K needs to be taken out). Range bound guidelines affect how we evaluate risk and profit targets. 6. Momentum and trend are SEPARATE elements. You can have bullish momentum in a bearish trend, and vice versa. Even though there is a sell signal (current bearish candle) the short term momentum is still bullish. Unless you are day trading, shorting this market is a very high risk proposition. It is important to comprehend that we refrain from day trading Bitcoin. Yes there will be countless trends, chart patterns and signals on smaller time frames, BUT the randomness is VERY HIGH. Where many go wrong is they take day trade signals and expect swing trade profit targets (which is the equivalent of gambling). This is what lures bears into shorting around 7630 and setting profit targets at 6500. Those who chase are the ones who provide liquidity (and profits) to those who have the ability to WAIT. The weeks leading up to the squeeze required a ton of patience because there was very little reason to trade during that time. We had a swing trade on from 8425 that got stopped out once Bitcoin broke 7630. We took our small loss and simply WAIT for the next high probability SWING TRADE setup. Many get caught up in smaller time frames because they offer a lot more action (more signals, etc). There is nothing wrong with that as long as your strategy is SPECIFICALLY developed for such time frames. We avoid small time frames and FOCUS on the bigger picture because we are involved in a variety of other markets (stocks, forex, cfds, etc.). As someone who is starting out, it is a good idea to focus on one market, so that you may learn the basics of timing. Once you develop a solid understanding, then you can trade ANY market because order flow is order flow, no matter if you are in a stock, a futures contract or Bitcoin. And with the availability and easy access to other markets today, there is no excuse NOT to be applying timing strategies to wherever opportunities appear.
BITSTAMP:BTCUSDLong
by MarcPMarkets
16
May finally be time to get short CMGCMG has had a helluva run, but I am of the opinion that it is reaching the top of it's 3rd Wave up, sitting right at the 1.618 fib extension of Wave 1. Also very near current channel resistance trend line, which adds to the short idea. Personally I look for the pullback to drag CMG back down to the low 600's, around 615-620 area most likely. Crazy as it may sound however, I really do think this is only the 3rd wave up, and expect to see a 5th Wave extension, in this case quite possibly taking CMG all the way up to what some would say is the astronomical price range of low 1300's. Rough sketch of candle path on chart. In any event, I am looking for CMG to run out of gas very near current price area, and will be initiating a short position very soon, most likely before the end of next week. Stochastic has also been coiling very smoothly near its top range, and I look for a breakout to the downside to very nearly coincide with stock price decline. Happy hunting, and GLTA!!
NYSE:CMGShort
by UnknownUnicorn1314136
3
EURAUD shortI will be waiting for a break and retest of my boxed zone and a 4H confirmation candle before entering short to around 1.5800. II must wait for a break and retest as price is currently at 1.27 fib extension so price could still reverse from here. However confluence for EURAUD start with a strong bearish close on weekly showing momentum for the bears swell as price breaking through both EMAS. On daily both my 20ema and 50ema have crossed showing potential for more bearish movement. My target being the 1.618 fib extension where I will be looking for longs on corrective wave 4 up to around 1.600. My trade should look something like this: SELL EURAUD ~@ 1.5910 SL @ 1.5955 (-45) TP @ 1.5780 (130) R:R = 2.9 After this move I will be looking for longs but I will post this when the time comes, and if price plays out how I hope it does...
Short
by andrewlickley
Holiday Shortened Week Will See Fireworks in S&P 500This brief projection is based on a full study of the current Intermediate Wave 1 I am tracking for the S&P 500 index. We will see upward movement to begin the week with a top in the afternoon on July 2, 2019. We will likely drop 5-10 points into the close on this day. The light blue numbers with parentheses around them represent each wave's end point for the Minuette waves. These projections are likely to be the most accurate on this projection chart. The orange roman numeral 4 with a circle around it represents the projected end point for Minute wave 4. This is relatively in place, but likely to change based on the actual movement experienced through Minute wave 3 (orange roman numeral with circle around it). The ultimate top for Intermediate wave 1 is currently projected to occur in the afternoon on July 8, 2019 with a peak around 3048-3064. This would mean a new all time high is set to occur (likely multiple times between now and then). In trying to apply real world events to a reason for a top and then a decline would likely revolve around the Fed. They will most likely NOT cut interest rates as many expect. They may however leave the door open for cuts as necessary in the future. This could see the index pullback over a total of 8 trading days with a bottom around 2875.04. I am forecasting Intermediate wave 3 to be incredibly strong and last for up to 2 months or around the time of the 2020 US government fiscal year begins. It would be earnings season which could be the reason for a rising market (even if it is not fundamentally warranted). The end of the 2019/beginning of 2020 fiscal year could likely lead to a partisan fight in DC over what the budget should look like especially in a pre-election year. This is as far out as I plan to forecast for now, and will adjust as necessary. I am bullish on the market until the second quarter next year. I foresee a major recession beginning next year well before the 2020 election.
SP:SPXLong
by StockSignaler
2