CastAwayTrader

CastAwayTrader

Bitcoin should top in corrective wave ( b ) up at 7,212 - 7,264 Then I expect another decline shaped as five waves down to the major bottom from where we should see at least a meaningful pullback or a new rally

CastAwayTrader

We nailed the bottoming zone in the wave ( a ) of ( v ) and correctly predicted a strong pullback up in the wave ( b ) up. As long as the top of the wave ( iv ) is not violated I expect another drop to new lows in the area 6,000 - 5,5400. We will be able to narrow it down once the downside structure will present itself.

CastAwayTrader

Crude is completing five wave move down off the top

CastAwayTrader

BTC made one more low extending the wave ( a ) of 5 but the structure of decline in the wave ( a ) looks perfectly completed now. It should give us corrective a-b-c move up from here

CastAwayTrader

We nailed the low in the wave ( a ) of ( v ). Since that low BTC made wave a up and b down. Now it looks like having complete subwaves i and ii of the expected five wave rally in the wave c of ( b ) up.

CastAwayTrader

Gold has a great setup with a tight stop for a strong rally

CastAwayTrader

Triangle it's a corrective pattern made of five contracting legs a-b-c-d-e

CastAwayTrader

I pointed out your attention to the critical resistance level at 63.85 Violation of that level had to confirm completion of the first leg down in the wave A and start of corrective wave B up. This is exactly what happened. We are inside b down of B up. The least predictable and ugliest part of corrective move... Focus on target for ( c ) of B. The path to get...

CastAwayTrader

BRK.B needs the last five wave rally to complete the grand wave 3 which started in February 2016. Once it tops we should see a very deep pullback in the wave 4 down to 179 - 171 area

CastAwayTrader

TSLA - completed five wave move up off the lows in 2010. And it started its corrective structure down.

CastAwayTrader

TSLA topped and has started a meaningful correction down. This rally today is just a temporary relief rally.

CastAwayTrader

This pattern looks like a corrective move down off the top made on March 13th. Once that current wave B of 5 down bottoms, we should see a strong five wave rally to new highs. The hard stop is the low of the wave 4 down at 6,634

CastAwayTrader

On a micro level Russell needs five waves down off the top made at 3 PM last Friday. So far it reached the bottoming area for the micro wave ( iii ) down. That means that after corrective a-b-c shaped move up it will continue moving down in direction of the green target box

CastAwayTrader

If you are short crude watch that green target box for the wave ( a ) of ( iii ) down

CastAwayTrader Updated 

Crude has either topped in corrective wave ( ii ) up or can make one more high deeper into the red box. And then I expected it to start decline in the wave ( a ) of ( iii )

CastAwayTrader

The decline off the January 2018 low is shaped as ABC. We are in the final leg C down. The drop to 1,470 area may complete all of the Wave C down and consequently the whole correction off the top in January 2018. Or it could be just the wave ( iii ) of that wave C. That scenario would imply a corrective pullback up in the wave ( iv ) up and then another drop to...

CastAwayTrader

Bitcoin hast topped in the larger wave up in mid December 2017 and has been in A-B-C down correction since then. It bottomed in the first leg down of a larger corrective A-B-C on 22 Dec 2017. Then it topped in the wave B up on 6 Jan 2018. Since then it has been working on five wave decline in the wave C, the final leg of that pullback down. It has just bottomed...