NASDAQ 100 TREND AND WAVE ANALYSISBe sure to stick to Stop Lost and TAkE Profit. This is an idea and not a bargain offer
This is just idea, not trading advice, use at own risk.
reasons:
It is recommended to buy in this price limit
It is mandatory to pay attention to the stop loss and the target marked on the chart
Do not be greedy and adhere to the specified principles. I hope you will be profitable
Note that there is no 100% analysis and it is possible to stop flirting
This is a personal analysis and you should not enter into a transaction without review
If you know this, make a purchase
Be sure to adhere to the principles of capital management and do not invest more than 2% of your capital in each transaction.
High-risk individuals can enter a maximum of 5% of risk capital in this transaction by accepting risk-taking.
This analysis has been analyzed with the classic Elliott topics and neo wave style. Also, the principles of price action have been used.
Wavetheory
Marriott - Opportunity for 50% Short Trade?Given the poor performance of Marriott business in 2020 and 2021 associated with lockdowns and geopolitical risks that may worsen revenue flows is it time to short this stock?
Let's look at it in more detail.
Fundamental indicators:
Revenue and Profits - not consistent long-term earnings growth over the past 10 years, 2020 and 2021 have seen dramatic drop in revenue
Profit margin - average 7-9%, but there was profit loss in 2021
P/E - extremely high with 36x ratio
Liabilities - historically high debt to equity ratio which may hurt with increasing interest rates
Technical Analysis (Elliott Waves):
Following the sharp correction of March 2020 shares of Marriott have enjoyed considerable growth. However, this bull run is difficult to associate with an impulse like structure
Hence it is more likely to be wave X of a Running Correction
Since the peak in April 2022 we can observe an initial impulse developing to the downside which is likely to be wave A of a zigzag, or first wave of an impulse
Looking at the lower timeframe we can still expect waves 4 and 5 to complete this impulse before an upward correction
Given the next earning report is scheduled for August 2022 and the risks associated with business in Russia it may be possible that this report will be the trigger for sell off
What do you think about Marriott and its short term prospects?
Also let me know if you would like to see other stocks, indices, Forex or Crypto analysed using Elliott Waves.
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Potential Bull Run in Bitcoin, Elliott Wave AnalysisBitcoin outlook: We are tracking an ABC flat correction that is nearing completion. We are currently in wave 5 of (C). We are watching for a small bounce, then one last push down to an area of Fibonacci confluence around the $20,000 - $24,00 area. We expect price to reverse at that level, beginning the final bull wave of the larger term wave sequence.
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JPM - Short Term Opportunity with 60% Upside?Given the tendency of banks benefitting from the periods when interest rates are rising, is JP Morgan going to provide investors an impressive 60% upside at these turbulent times?
Let's look at it in more detail.
Fundamental indicators:
Revenue and Profits - demonstrated consistent long-term earnings growth over the past 10 years
Profit margin - impressive 31% in 2021
P/E - 8.7x which is considerably lower than the current S&P500 ratio, i.e. very attractive
Liabilities - no problems with considering this is a banking sector
Technical Analysis (Elliott Waves):
Following the correction of March 2020 shares of JPM have been growing but in a very choppy manner which indicates a potential development of an Ending Diagonal pattern
Waves 1 to 3 have been already completed and we are observing the shaping of corrective wave 4. It has already entered the space of wave 1 bust just about and it's likely to correct a little deeper
Once wave 4 is completed this scenario suggests another zig-zag to the upside before global and very lengthy correction starts, that may last more than 2 years for JPM
What do you think about JP Morgan and its short term prospects?
Also let me know if you would like to see other stocks, indices, Forex or Crypto analysed using Elliott Waves.
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PS Below is the Educational post about Ending Diagonals
ICE - Short Term Burst Before The Fall Continues?Following the recent sell off in the US market and general nervousness of investors is Intercontinental Exchange Inc attractive for short term gains?
Let's look at it in more detail.
Fundamental indicators:
Revenue and Profits - demonstrated consistent long-term earnings growth over the past 10 years
Profit margin - varies between 25% and 40%, so it is highly efficient company
P/E - 13.4x which is considerably lower than the current S&P500 ratio
Liabilities - liabilities to assets are within the norm, but debt to equity has been rising for several years and considered to be high
Technical Analysis (Elliott Waves):
Following the correction of March 2020 shares of ICE have enjoyed explosive growth cycle which is visibly slowing down now
And when the fifth wave is forming by a choppy movement in price it is very likely to be an Ending Diagonal, in this case Expanding one
It is likely that wave 4 has completed and we can expect another zig-zag to the upside to update the historic high of $139
Alternative Scenario: one of the risks with this scenario is the exceeding depth of wave 4 so as an alternative it is possible that the whole wave 5 has already completed, let's see how things develop
What do you think about ICE and its short term prospects?
Also let me know if you would like to see other stocks, indices, Forex or Crypto analysed using Elliott Waves.
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PS Below is the Educational post about Ending Diagonals
Elliott Waves - How to Identify Ending Diagonal?Why is it critical to be able to identify Ending Diagonal waves - because normally their completion is followed by the reversal of trend and in some cases with explosive price movements.
Above are the general rules for all the internal waves and for different variations of the pattern - Expanding and Contracting Ending Diagonals.
Why is Ending Diagonal forming instead of Impulse
When in wave 5 - usually it occurs at the end of a growth cycle like we are observing now when the risks of investment (in case of equities) are increasing, and energy of bulls is slowly getting overwhelmed by the strength of bears, and a rapid reversal happens with some trigger point - Covid in 2020
When in wave C of zig-zag - similar but in reverse, the energy of bears is weakening when forming a correction and bulls are taking over and a new growth cycle begins
It is important to note though that with great potential gains for investors, Ending Diagonal can be confused in some cases with complex corrections so traders need to be careful and considering only those cases where there is a very clear structure of waves.
Here are few examples from the real equities to see the different types of this extremely important wave structure.
Booking Holdings - an Expanding Ending Diagonal has been forming since the crash of the great financial crisis and with the current poor fundamentals the upcoming correction may be very deep
Tesla - just recently a lengthy Running Flat correction has completed with an Ending Diagonal in wave C (although it is still risky to assume this scenario given fundamental risks)
Amazon - the historic high in July 2021 was completed by an Ending Diagonal and notice how deeply it has corrected since then
And here are few examples where an Ending Diagonal is potentially developing:
Berkshire Hathaway - waves 1 to 4 have been formed and we are awaiting the final zig-zag of wave 5
AMD - after forming historic high the price has been correcting with ABC pattern and potential Ending Diagonal in wave C
HP - waves 1 to 4 of a global impulse have been formed and it is noticeable how choppy is the movement in the final wave 5 which is likely to be an Ending Diagonal
MA - similar situation as in HP
Thank you for reading my post.
Also let me know if you would like to see other stocks, indices, Forex or Crypto analysed using Elliott Waves.
Tesla - Hype Continues with Potential 70% Upside?When there is hysteria in the market, sky-rocketing inflation, geopolitical risks and the slowdown of the economy can Tesla still update its historic high before global correction?
Fundamental indicators:
Revenue and Profits - quarterly earnings are beating wall street expectations
Profit margin - getting into double digits with 17% however it's nowhere near enough effective with the current P/E
P/E - outrageously high ratio of 92x but down from 953x back in December 2020
Liabilities - no problems with debt
Technical Analysis (Elliott Waves):
Since the fall of 2020 Tesla has enjoyed enormous 1600% increase in share price - no one can deny that it's a bubble of extreme proportions
The crux of the Elliott Wave count is the movement between January 2021 and February 2022 - in this scenario a Running Flat is proposed as wave 4 with Ending Diagonal in wave C
As one of the options, fifth wave may be quite rapid with a target to complete before the next report in July 2022
What do you think about this scenario on Tesla ?
Also let me know if you would like to see other stocks, indices, Forex or Crypto analysed using Elliott Waves.
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This is an update to the previous idea and specifically to the global wave 4 as a Running Flat
DOTUSD WAVE AND TREND ANALYSISBe sure to stick to Stop Lost and TAkE Profit. This is an idea and not a bargain offer
This is just idea, not trading advice, use at own risk.
reasons:
It is recommended to buy in this price limit
It is mandatory to pay attention to the stop loss and the target marked on the chart
Do not be greedy and adhere to the specified principles. I hope you will be profitable
Note that there is no 100% analysis and it is possible to stop flirting
This is a personal analysis and you should not enter into a transaction without review
If you know this, make a purchase
Be sure to adhere to the principles of capital management and do not invest more than 2% of your capital in each transaction.
High-risk individuals can enter a maximum of 5% of risk capital in this transaction by accepting risk-taking.
This analysis has been analyzed with the classic Elliott topics and neo wave style. Also, the principles of price action have been used.
SPX WAVE AND TREND ANALYSISBe sure to stick to Stop Lost and TAkE Profit. This is an idea and not a bargain offer
This is just idea, not trading advice, use at own risk.
reasons:
It is recommended to buy in this price limit
It is mandatory to pay attention to the stop loss and the target marked on the chart
Do not be greedy and adhere to the specified principles. I hope you will be profitable
Note that there is no 100% analysis and it is possible to stop flirting
This is a personal analysis and you should not enter into a transaction without review
If you know this, make a purchase
Be sure to adhere to the principles of capital management and do not invest more than 2% of your capital in each transaction.
High-risk individuals can enter a maximum of 5% of risk capital in this transaction by accepting risk-taking.
This analysis has been analyzed with the classic Elliott topics and neo wave style. Also, the principles of price action have been used.
NASDAQ INDEX TREND AND WAVE ANALYSISBe sure to stick to Stop Lost and TAkE Profit. This is an idea and not a bargain offer
This is just idea, not trading advice, use at own risk.
reasons:
It is recommended to buy in this price limit
It is mandatory to pay attention to the stop loss and the target marked on the chart
Do not be greedy and adhere to the specified principles. I hope you will be profitable
Note that there is no 100% analysis and it is possible to stop flirting
This is a personal analysis and you should not enter into a transaction without review
If you know this, make a purchase
Be sure to adhere to the principles of capital management and do not invest more than 2% of your capital in each transaction.
High-risk individuals can enter a maximum of 5% of risk capital in this transaction by accepting risk-taking.
This analysis has been analyzed with the classic Elliott topics and neo wave style. Also, the principles of price action have been used.
PEPSICO TREND AND WAVE ANALYSISBe sure to stick to Stop Lost and TAkE Profit. This is an idea and not a bargain offer
This is just idea, not trading advice, use at own risk.
reasons:
It is recommended to buy in this price limit
It is mandatory to pay attention to the stop loss and the target marked on the chart
Do not be greedy and adhere to the specified principles. I hope you will be profitable
Note that there is no 100% analysis and it is possible to stop flirting
This is a personal analysis and you should not enter into a transaction without review
If you know this, make a purchase
Be sure to adhere to the principles of capital management and do not invest more than 2% of your capital in each transaction.
High-risk individuals can enter a maximum of 5% of risk capital in this transaction by accepting risk-taking.
This analysis has been analyzed with the classic Elliott topics and neo wave style. Also, the principles of price action have been used.
NIKE WAVE AND TREND ANALYSISBe sure to stick to Stop Lost and TAkE Profit. This is an idea and not a bargain offer
This is just idea, not trading advice, use at own risk.
reasons:
It is recommended to buy in this price limit
It is mandatory to pay attention to the stop loss and the target marked on the chart
Do not be greedy and adhere to the specified principles. I hope you will be profitable
Note that there is no 100% analysis and it is possible to stop flirting
This is a personal analysis and you should not enter into a transaction without review
If you know this, make a purchase
Be sure to adhere to the principles of capital management and do not invest more than 2% of your capital in each transaction.
High-risk individuals can enter a maximum of 5% of risk capital in this transaction by accepting risk-taking.
This analysis has been analyzed with the classic Elliott topics and neo wave style. Also, the principles of price action have been used.
TMUS TREND AND WAVE ANALYSISBe sure to stick to Stop Lost and TAkE Profit. This is an idea and not a bargain offer
This is just idea, not trading advice, use at own risk.
reasons:
It is recommended to buy in this price limit
It is mandatory to pay attention to the stop loss and the target marked on the chart
Do not be greedy and adhere to the specified principles. I hope you will be profitable
Note that there is no 100% analysis and it is possible to stop flirting
This is a personal analysis and you should not enter into a transaction without review
If you know this, make a purchase
Be sure to adhere to the principles of capital management and do not invest more than 2% of your capital in each transaction.
High-risk individuals can enter a maximum of 5% of risk capital in this transaction by accepting risk-taking.
This analysis has been analyzed with the classic Elliott topics and neo wave style. Also, the principles of price action have been used.
SLPUSD Wave Ana Trend AnalysisBe sure to stick to Stop Lost and TAkE Profit. This is an idea and not a bargain offer
This is just idea, not trading advice, use at own risk.
reasons:
It is recommended to buy in this price limit
It is mandatory to pay attention to the stop loss and the target marked on the chart
Do not be greedy and adhere to the specified principles. I hope you will be profitable
Note that there is no 100% analysis and it is possible to stop flirting
This is a personal analysis and you should not enter into a transaction without review
If you know this, make a purchase
Be sure to adhere to the principles of capital management and do not invest more than 2% of your capital in each transaction.
High-risk individuals can enter a maximum of 5% of risk capital in this transaction by accepting risk-taking.
This analysis has been analyzed with the classic Elliott topics and neo wave style. Also, the principles of price action have been used.
AAPL - Short Term Burst Before The Fall Continues?Following the recent sell off in the US market is it time buy the dip for the tech companies like Apple?
Let's look at it in more detail.
Fundamental indicators:
Revenue and Profits - demonstrated consistent long-term earnings growth over the past 10 years
Profit margin - a decent 23% margin in 2021, but not as high as some other FANGMAN competitors
P/E - still quite high at 24x, considering the increasing risks it may need to let more steam out to become attractive to investors
Liabilities - no problems with debt
Technical Analysis (Elliott Waves):
Following the Ascending Triangle of wave 4 that had lasted for over a year it looks like the fifth wave completed in January 2022 finalising the global wave 3
Since then we have been observing the development of the new corrective wave that is likely to last longer than the previous correction, i.e. at least until March 2023
So far the proposed scenario suggests that after two double zigzags of W to the downside there was a sharp impulse to $179.61, 14 March 2022
It is often that when these impulses occur against the main movement, in this case against the correction, we can expect another one later on to complete a Running Flat or Running ZigZag
Hence with the market bounce that took place Friday the 13th it is likely that we are going to see another rapid impulse to the upside with the target of $168
Once this Running Correction is completed within the outlined channel lines we can expect another complex corrective wave Y to the downside with the target range between $118-$134
Given that the global 4th wave is going to last until March 2023 it is early to forecast the next movement structure after wave Y is completed
What do you think about Apple and its short term prospects?
Also let me know if you would like to see other stocks, indices, Forex or Crypto analysed using Elliott Waves.
Thanks
This is an update to the previous idea
UNIUSD Trend And Wave Analysis The loss limit of this deal is 25%
Be sure to stick to Stop Lost and TAkE Profit. This is an idea and not a bargain offer
This is just idea, not trading advice, use at own risk.
reasons:
It is recommended to buy in this price limit
It is mandatory to pay attention to the stop loss and the target marked on the chart
Do not be greedy and adhere to the specified principles. I hope you will be profitable
Note that there is no 100% analysis and it is possible to stop flirting
This is a personal analysis and you should not enter into a transaction without review
If you know this, make a purchase
Be sure to adhere to the principles of capital management and do not invest more than 2% of your capital in each transaction.
High-risk individuals can enter a maximum of 5% of risk capital in this transaction by accepting risk-taking.
This analysis has been analyzed with the classic Elliott topics and neo wave style. Also, the principles of price action have been used.
Amazon - Time to Buy or to Expect Deeper Correction? A trillion dollar giant Amazon has been upsetting investors with poor earning reports since July 2021 and its market price has already dropped by nearly 40%.
But is the price fair now to buy the dip or should we expect deeper and longer correction?
Fundamental indicators:
Revenue and Profits - consistent growth for the past 10 years, however, it is slowing down since 2021
Profit margin - just 7%, considerably lower than the rest of FANGMAN
P/E - still overwhelmingly overpriced with 54x ratio
Liabilities - no problems with debt
Technical Analysis (Elliott Waves):
Since IPO and the first deep correction in 2001 the share price has been accelerating and developing in a series of first waves
The first considerable correction of wave 4 can be observed between September 2018 and March 2020 in the shape of a Running Flat
And since the historic high $37773 culminating in wave 3 there has been next corrective wave 4 developing
Using the Fibonacci retracement levels from the high, the potential price zone where the correction may find support is between $1880 - $2240, representing 0.786 and 0.618 levels respectively
Considering that the previous wave 4 has lasted for 560 days, the one we are observing now is most likely to last even longer, at least until August 2023
And given that the correction is quite deep it is also likely that correction will be in the shape of triangle, of course other corrective wave patterns are also possible
Given all the above points the price range $1880-$2240 might be good for some purchases. However, considering the risks of recession and lengthy correction in the market - is it worth investing in Amazon ?
What do you think about the prospects for Amazon ?
Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves.
Thanks
Amazon - Time to Buy or to Expect Deeper Correction (Update)?A trillion dollar giant Amazon has been upsetting investors with poor earning reports since July 2021 and its market price has already dropped by nearly 40%.
But is the price fair now to buy the dip or should we expect deeper and longer correction?
Fundamental indicators: :
Revenue and Profits - consistent growth for the past 10 years, however, it is slowing down since 2021
Profit margin - just 7%, considerably lower than the rest of FANGMAN
P/E - still overwhelmingly overpriced with 54x ratio
Liabilities - no problems with debt
Technical Analysis (Elliott Waves):
Since IPO and the first deep correction in 2001 the share price has been accelerating and developing in a series of first waves
The first considerable correction of wave 4 can be observed between September 2018 and March 2020 in the shape of a Running Flat
And since the historic high $3773 culminating in wave 3 there has been next corrective wave 4 developing
Using the Fibonacci retracement levels from the high, the potential price zone where the correction may find support is between $1880 - $1660, representing 0.786x of Wave 3 and 1.618x of wave A
Considering that the previous wave 4 has lasted for 560 days, the one we are observing now is most likely to last even longer, at least until August 2023
And given that the correction is quite deep it is also likely that correction may take shape of Triple Three pattern
Given all the above points the price range $1880-$1660 might be good for some purchases. However, considering the risks of recession and lengthy correction in the market - is it worth investing in Amazon now?
What do you think about the prospects for Amazon ?
Please share your thoughts in the comments and like this idea if you agree wit it.
Also let me know if you would like to see other stocks, indices or Forex pairs analysed using Elliott Waves.
Thanks
This is an update to the previous idea following the latest development in Amazon
Russell 2000 - US Economy in Trouble, 50% Shorting Opportunity?Although big indices like S&P500 and Nasdaq, favouring large cap companies, have still got potential to update historic highs - what is small caps index Russell 2000 telling us?
It has already dropped by 30%, is there more downside and is it indicating that real US economy already in trouble?
Technical Analysis (Elliott Waves):
Looking at weekly timeframe it is visible that sharp drop in March 2020 has completed fourth wave of an impulse that has been developing since the great financial crisis of 2008
The proposed scenario suggests that the 5th wave has culminated in November 2021 and since then the next global correction has started which is likely to last even longer than the previous one that stretched from 1998 to 2009 - it's shocking to think of a correction for 11 years or longer
The most interesting opportunity however, is the potential development of an Expanding Triangle which may have been formed with A-B-C-D waves already
And given that there was an optimistic bounce on Friday 13th May in all the markets, there is a potential move for Russell 2000 towards $2140 to complete this triangle
In this case the next move to the downside may have a great opportunity with nearly 50% for shorting the index and expect the target in the range between $1000 and $1300 which represent 0.618x and 0.5x Fibonacci retracement levels of the global wave 3
What do you think about this idea and US economy as a whole?
Please share your thoughts in the comments and like this idea if you agree wit it.
Also let me know if you would like to see other stocks, indices or Forex pairs analysed using Elliott Waves.
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SPX - This is it or S&P500 is Still Alive, for a While at Least?One thing is clear that volatility has considerably increased in S&P500 as investors are feeling nervous about sky-rocketing inflation, geopolitical risks, the slow down of the economy and even possibility of global recession which US is not immune to.
Following FOMC meeting 5 May 2022 markets have briefly reacted positively but the next day all gains have been lost. This might indicate that the current correction has not finished yet and investors are evaluating their risks and options before buying the deep.
Technical Analysis (Elliott Waves):
Sharp fall in March 2020 has completed two year correction which has been formed in the shape of expanding triangle, a rare type of correction but usually followed by the rapid impulse
Since then there was an explosive growth in the final impulse and it is likely that waves 1 to 3 have already been completed and wave 4 is currently forming
Alternative scenario may suggest that the whole impulse have already completed and we are observing the global correction. However, fundamentally there was no trigger yet to collapse the markets - although US economy is struggling, it is not in recession just yet
Using Fibonacci retracement it is likely that wave 4 will end at the level of 0.382, i.e. around $4010
The completion of wave 4 will be followed by impulse or ending Diagonal in wave 5 to update the historic high
What do you think about S&P500 and its prospects?
Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves.
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Block Inc - Time to Buy or Wait?Is one of the leading fintechs Block cheap enough with the current 70% plunge to start buying its shares or the long term investors should wait just a little longer?
Fundamental indicators:
Revenue and Profits - although revenue grows exponentially the company is not making any sizable profits
P/E - outrageously high at over 200, it is crying for correction
Liabilities - no problems there
Technically:
The overall wave count is quite clear and typical to all the growth companies at their infancy stage, just look at Amazon in the early years and you will see similar structure
The initial impulse with 5 wave structure completed in February 2021 and we are observing the development of what looks like an Extended Flat
Impulse in the wave C is typically very deep with 0.786 Fibonacci retracement or even deeper so the overall correction may go to $67 or deeper
Wave 4 of C does not look completed yet and one of the potential scenarios may suggest a short term move towards $149 to finish it and then to continue descent
Do you think it's time to buy Block or there is more correction to follow or it is better to wait it out?
Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves.
Thanks