ZM $240 PT by mid JanZoom gona hit bottom around $240 Mid Jan based on time frame. Im not too good with fib time zones but the waves are accurate.
Get puts for march
Zigzagpattern
Correction completedAfter a zigzag correction, there was a big turn last Friday. I expect to see further rising, but I will wait for a little falling correction.
Maybe a multi-year sideways correction is over and new high will come but do not run forward, so wave 2 correction is needed.
Here is the time for dollar coming back?!
LEADING DIAGONAL POSSIBLE BREAK OUTA Long position can be traded in the market, as the 5th wave tends to complete the zigzag pattern formation. If we count numbers of zigzags formed, it can be clearly seen the 3-3-3-3-3 Diagonal formation is almost complete. This signifying the possible break out to the 1.628 position.
Please kindly check the chart for details.
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WORK BUY opp i have been following this since the gap, last week GS downgrade $work to $30 , i believe it was strange downgrade for the stock like intentionally they want the price to be around the $30ish to kill all options traders, it's great company and it's work from home stock!
technically speaking the stock set on very strong support the yellow trend line since April, in the other hand $32 area very tough, if the stock break $32 smoothly then it will fly to close the gap, if the stock breakdown $29.50 then the stock will go down to $25..
GOLD Is Watching US Market DataGold ZigZag Trend Will continue as long as the US market is green With FED decision against COVID corona.
Today US Market Were Somewhat Green
But Tomorrow what happens?
DAX Elliot correction wave - 5:3:5 zig zagHello world,
another idea regarding DAX / Germany 30. Working out quite alright already.
Unfortunately forgot to press "publish". Still a valid guess though.
INDIA MART - Important levels for positional trading/investingINDIA MART - Important levels for positional trading/investing
After the reversal'Dive in the deep' related idea I expected to see a huge falling. It has happened.
Now here is the first momentum of a correction. Maybe a good Elliott Zigzag. The Fibonacci support zone should work well and I would like to see a clear correction pattern. Waiting for these signs
Be prepered for the next objective In the Getting weaker related idea I visualized my trading so I am not an independent analyst at the moment.
A rising correction is ongoing at the moment in a Zigzag pattern. I would like to see it will get stuck around the .382 Fibonacci level and the next round will be down. The fifth round target could be around 30 - 32 besides that not trade above 37.80.
Important
Always use stop order, cutting losses, this is one of the essential elements of your risk management and if you would like to be an independent investor then you must be the master of risk management.
Disclaimer
Reserved the right to make changes the content on this analysis at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
Getting weaker and weakerOver the top, there had been an impulse falling and a Zigzag correction(maybe this is lower high). Let see a strong momentum downward which go through easily the rising channel. I would not like to see oil on a new high! There is a risky trading plan and more conservative after the channel breaking.
Let see the next move.
Disclaimer
We reserve the right to make changes the content on this analysis at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
Just on the Fibonacci retracement levelAfter an impulsive rise which had taken over the previous high, there is three waves Zigzag correction just on the .618 Fibonacci retracement level. I like this combination and there is a swing trade plan on the chart.
You should know we are just a few hours before the FED rate decision!!! Consider this circumstance when making a trading decision
Disclaimer
We reserve the right to make changes the content on this analysis at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
There is something you should know!Tomorrow is about the FED, but it seems USD is getting come back. It has done a three waves Zigzag correction. The wave C seems complete and the Fibonacci level(.786) has been reached, so the next coming wave should be UPward. If it will be than this new wave will be spread through the forex market.
Adidas did it!A clear three waves structure, failed breakout from the channel. It is an A-B-C Zigzag after the Covid bottom. The rising is final? New low will come? We will see but everything will be decided around 220 - 200.
PPG industries (PPG - NYSE) sell for C wave downPPG industries (PPG - NYSE) looks like forming ABC simple zigzag. It seems like wave C down is already started. Sell with stops above 98.80 level for target below 70.
Incredibly weakAfter the coronavirus diving, the Spanish market was able to ridiculously weak rise. Not able to reach the 0.382 Fibonacci level in the last 50 days!
The rising from march low has a corrective 3 waves style like zigzag in Elliott wave theory. The bears are in control, just had a nap.
The rising could continue for a while, but 7500 is a strong resistance I expect.
So I would like to see the next coming downside pressure to new lows in the wave C or wave 3. The minimum next target is at slightly below 5000(wave C objective) or more 4000(wave 3 objective).
SAP SE (SAP - Xetra) - ABC wave patternSAP SE (SAP - Xetra) is in ABC zigzag up move in 60 min time frame. Currently price is in 3rd wave of C wave up. Overall the stock is in strong up trend and in weekly it may in 5th wave, which means the up move in 60 min will be impulse. Next movement will decide what will gonna be impulse or ABC.
Near the TOP!As in the related ideas seems I was bullish in oil, but today's conditions seem to be overbought!
The upper line of the channel could be a resistance!
Here is the 1.618 Fibonacci level which is the ideal level of an A-B-C Zigzag.
And the structure also seems to complete five-wave in C wave.
Here is a resistance zone(red zone)
I'm expecting a failed break up to 28 and 30 levels and then a dramatic reversal. So I closed my long position partly!
Correction is mature3 waves correction has been developing from 10380. Its shape is a correction type. The 0.382 Fibonacci line and the upper line of the rising channel should work as a resistance.
The short juncture has been unfolding and the DAX must not go above 11140!
SPX near ending diagonal EW structure; More Pain AheadEW labels as charted suggest an ABC is unfolding in a Zig-Zag corrective structure:
The 5-3-5 pattern is emerging, with the C wave 5-impulse remaining to fill;
Bear market rally 'B' wave has taken form of a WXYXZ 3-3-3 minute wave pattern, 3 counter waves each in turn consisting of 3 minute waves (minute labels omitted for clarity); the double topping ending diagonal near the 0.62 Fibo is ominous;
100% extension of A wave by 'C' is shown; the 0.62 extension would bottom at ~2140; the 1.24 extension would reach 1400 index price; NB, below: IF 'C' wave reaches 1.62 extension of A, then it likely represents the Third wave of an impulsive 5-wave correction, which would imply a crash to extreme low prices:
This is just an idea for your amusement and education; trade at your own risk; reference:
Education; from elliottwave-forecast.com
5.1 Zigzag
Elliott Wave Theory Zig zag
Guidelines
• Zigzag is a corrective 3 waves structure labelled as ABC
• Subdivision of wave A and C is 5 waves, either impulse or diagonal
• Wave B can be any corrective structure
• Zigzag is a 5-3-5 structure
Fibonacci Ratio Relationship
• Wave B = 50%, 61.8%, 76.4% or 85.4% of wave A
• Wave C = 61.8%, 100%, or 123.6% of wave A
• If wave C = 161.8% of wave A, wave C can be a wave 3 of a 5 waves impulse. Thus, one way to label between ABC and impulse is whether the third swing has extension or not
FTSE100 - ready for the next falling?I expect a corrective rising and after that, the impulse wave 3 could drive FTSE lower to a new level. Break down the 5261 level will back this forecast. Without the 5261 level surprise, new high could be happening.
