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Spotify (SPOT): A Technical Approach Using Elliott WavesIn this analysis, I'll be taking a purely technical approach in analyzing Spotify (SPOT), using Elliott wave counts. Analysis - We can see that overall, the stock is in a clear uptrend - It has completed wave 2 on the primary degree, and continues to rally through impulse waves - It formed an Elliott triple combo wave (WXYXZ) for the second primary wave, consolidating within a mild megaphone pattern - While it seems like the momentum has topped out for now, as we wait for the fourth wave on the minuette degree, we could expect a bounce near the ichimoku cloud support - We could anticipate the last impulse wave on the minuette degree ending near the 1.618 fibonacci retracement resistance, near $376 - This would also mark the completion of the first impulse wave on the intermediate degree For educational content regarding Elliott Impulse Wave counts, check out my previous post below: If you like this analysis, please make sure to like the post, and follow for more quality content! I would also appreciate it if you could leave a comment below with some original insight :)
NYSE:SPOTLong
by Michael_Wang_Official
2
UPDATE: S&P500 5-3-5 ZIGZAG CORRECTION (4H)Just an update to my post from Sept 30th. Based on the movements since then, and the fact that we have reached the previous high of about $3430, I no longer believe we are in a 3-3-5 Flat type correction. Instead, based on my updated count, I believe we are in a 5-3-5 Zigzag correction. So, I am still expecting downside on the larger time frame as I still believe we are on the final leg (Wave 5) of an Expanding Triangle which may terminate just above $2000. For the short term, I believe this upside move (Wave A) will terminate around $3475 and head down towards $3450 (Wave B). We should see another move upwards again terminating above or at $3475 to complete Wave C. At this point, I would start bulking up on short sells to ride the longer term downside move. If at anytime we breach the ATH, I will have to reassess.
OANDA:SPX500USDShort
by PHICAPITALINVESTMENTS
1
S&P500 3-3-5 RUNNING FLAT CORRECTION (4H)I believe we are at the tail end of a 3-3-5 Running Flat correction in the S&P500 on the 4hr time frame. We have already reached the upper maximum on the Schiff scale at a price of $3385, so the downside can come at any time now. If the price tags or breaches the last local high of $3430, I will have to reassess on what kind of correction we are really in. On the larger time frame, I believe we started the 5th wave (downside) of an Expanding Triangle which started exactly 2 years ago. I believe it's possible we may reach the previous low of $2160 and may bottom out around $2100-$2000 before we continue the Grand time frame trend for upside.
OANDA:SPX500USDShort
by PHICAPITALINVESTMENTS
1
This is how the week should play out.My initial projection from last weekend had Minor Wave B ending by the lunch hour on September 17. With more data, my projection has moved to the right a bit. It looks like the Fed press conference ending Minute wave A and we are in the early stages of Minute wave B. Fortunately it should be short lived. I project this to end with a bottom around 3360 with about 3 hours left to trade on September 17. Based on hitting that specific mark, I am projecting Minute wave C and ultimately Minor wave B to end around 3470 about one day later. I am still projecting the next down swing to begin before the week ends. Another looser projection is the end of Minor wave B based solely on Minor wave A's movement. This has Minor wave B ending near the close of trade on September 17. I no longer assess this spot to be the end. I will write again this weekend, but I am still bearish for the next two weeks before we are ready to test the ATH in mid to late October. Follow and stay tuned for more!
SP:SPXLong
by StockSignaler
7
GBP AUD short term sell then buyWe are currently creating a lower low structure which is creating a nice wave pattern to the downside to reach the level of 1.77 a great structure level. We are currently short but be aware longs are being added. However the Aussie has had orders shorted for the past 13weeks. GBP with 54% short - 42,071 AUD with 69% short - AVG (13) - is 61,487 What can we see technically? - Daily bearish but breaking momentum short in the channel. - weekly bearish zone touched - bounce from the demand zone zone. - we can see the trend beginning to add long positions to correct. - we have made lower lows and lower highs- showing the correction - now in a consolidation zone with some great wicks formed and a reversal to the upside. Where to enter? Follow your plan we have further buy limits at 1.77 and will wait and watch at 1.78 if price reaches the lower weekly deep retest. we also entered sells at 1.8115 & 1.8070 respectively. Note: Trading is about timing. so even if our stop loss gets hit on the chart. We may not have entered all together and orders can be adjusted. Trade what you see, this is purely our Bias. Why follow us? Updates on our pairs as and when we can. Swing trade out looks 10 years combined experience in capital markets simple breakdowns for beginners to advanced . KISS - keep it simple stupid. we trade purely from naked charts, less indicators - remove the noise. If you like our work, please leave a like or comment. Thanks, Team Lupa.
Short
by LupaCapital
How to Count Elliott Wave in 10 Seconds - Part 3 - Wave 5 This is the final part of the Tutorial In this tutorial you will learn how to identify Wave 5. you will also learn how to break down a wave 3 and check its internal structure Once you learn this trick you will be able to check any wave whether it has the "expected" structure inside it. e.g. All Wave 3's must have an internal structure of Wave 1- Wave 2 - Wave 3- Wave 4 and Wave 5. So you can check that. Like wise All wave 4's have either ABC or ABCDEF structure inside it. But most importantly almost all Wave C's have 1-5 Sequence. And Wave B has ABC (zig zag) inside it. But you don't need to complicate things. Simple Look for Wave 3 and Wait for Wave 4... using this concept ... TRADE WAVE 5... towards Target Zone 1... If you'd like to learn more in-depth please consider downloading my FREE EBOOK on this 10 Seconds to Elliott Wave .. Link is in my signature. Please HIT HIT THE LIKE button on the video above ... and ask any follow-up questions in the comments section below.
Education
by iTradeAIMS
5