ElliottWaveBelgium

ElliottWaveBelgium

FUTU - Looking good but I'm not sure if we're in a wave (ii) or smaller degree wave iv on the 65min chart. We can buy a break above 160 nonetheless with a very tight stop of 5-6$ and in worst case get out at breakeven if the alternate count is right and price turns lower after making a new high above 164.

ElliottWaveBelgium

HD - This one has been a nice mover till now but things could start to slow down soon and we might then see a corrective pullback if this 161.8% Fib retracement level acts as resistance. I don't know how deep the pullback will be once it occurs but better not give up too much of your profits in that case. You can use the 50EMA or the ATR as a get out signal or...

ElliottWaveBelgium

DKNG - Not sure about the wave count for this rise but the fact it's so overlapping and contained within this channel makes me believe it's a corrective move rather than a Diagonal for exemple. The bigger picture seems to suggest we're potentially in a wave 2B Flat, meaning we'll see one more push down to the noted Fib levels in impulsive fashion. If this goes...

ElliottWaveBelgium

Price is still consolidation in what I believe to be a wave 4. Potential resistance zone is at 25/29-ish. If price doesn't break below that zone, it needs to break above the black VWAPs to have a chance of making a new high. Also, I would like to see RSI above 50 and ideally in overbought territory. For now, sit on your hands, no reason to get in too early.

ElliottWaveBelgium Updated 

NVDA - has been good to us for now. I think there is a lot more upside potential here so don't get scared by a small correction that could come next few days. If price doesn't stop at the orange zone, it could go for the 261.8% level before making any corrective pullback.

ElliottWaveBelgium

ZECUSDT - Price is now at the usual termination point of orange wave iii so a small wave iv consolidation could be seen soon. BUT it's also at the usual termination spot of a Flat wave B ! So, be careful, if price drops and invalidates the impulsive wave, it's best to get out and wait for the potential Flat correction to end, which could be around...

ElliottWaveBelgium

GBPUSD - Finished a 3 waves correction it seems. So, I recommend looking for longs if price can stay above 1.3670. I'll leave it up to you if you want to buy now or after a pullback. Personally I'm in now and will look to add on pullbacks or breakouts.

ElliottWaveBelgium Updated 

We have to look at current price action as a potential WXY correction since wave (x) retraced "only" 78.6% of the prior 3 wave decline. Right now we seem to have a 5 waves drop which could be wave a of the higher degree wave (y). Price is now at a potential support zone from which we could see a bounce and retracement of current decline, after which, another drop...

ElliottWaveBelgium Updated 

It seems we're finishing wave v of potential wave (c), thus forming a Bullish Head and Shoulders pattern. So, we have the previous bearish Head & Shoulder pattern that failed (=bullish) + now a bullish one + wave count suggesting a continuation higher. I don't know about you, but that's enough evidence for me to look to buy this.

ElliottWaveBelgium Updated 

Bitcoin - Could be reversing now as it bounced off the 50% retracement level of wave 3 and the 161.8% projection of wave 2. So, as long as that 53270 low isn't breached, we should continue higher here. On the 5min chart on the left, it looks like we are finishing an impulsive move, therefore, if you're not in yet, you can buy on the pullback. Look for potential...

ElliottWaveBelgium

DASH - This one was a bit disappointing last time but it could redeem itself soon as it's possibly making a double bottom. If we can get a consolidation now, a break to the upside will then be the confirmation needed for me to buy in. A break above the pink anchored VWAP from the high will be another bullish sign, telling us this reversal could be a sustained...

ElliottWaveBelgium

I'm late to the party here but we have clean price action and wave count, we can therefore take advantage of the smaller mouvements not only the bigger ones. In this case, I'm waiting for the orange wave iv pullback to start initiating some longs that could yield some 20%-25% without much risk. Red wave iv will be the more interesting move afterwards. Btw this...

ElliottWaveBelgium

CVX - Looks like it's pulling back to the 103 level for now as part of a potential wave iv. Strongest resistance is at the 103/105 zone but it would be normal if price drops and bounces off the 99/101 zone too. The count gets invalidated if it drops below 96 of course.

ElliottWaveBelgium

TUP - We got a nice round top here with a nice gap down. Price is now retesting the black resistance line. If it holds, price should continue lower to the measured Fib retracement levels, starting with the 23.6%

ElliottWaveBelgium

NVDA - The previous count was incomplete as it seems we actually got a complex Flat correction. It looks like it might have finished. We can therefore look to buy as long as price remains above 462.

ElliottWaveBelgium Updated 

Since price topped October last year, I've been on the sideline with my clients and put this one back into our watchlist a few weeks ago. Now it seems about to have finished a 3 waves correction wherein wave B is a Triangle. Triangles precede the last actionary wave in the pattern of one larger degree. Simply put, it signals that the end of the ABC correction...

ElliottWaveBelgium Updated 

We have a clean 5 wave impulsive move from the March 2020 low to August, followed by a clean 3 waves correction . Classic chartist among you can see a clean Bull Flag . I will maintain my bullish outlook as long as price doesn't close below 247! Trade it according to your own methodology. Personaly I'm already positioned and will look to add a bit on a...

ElliottWaveBelgium

I'm not making any counts here, just looking at price action and it's pretty neat for now. We have a nice round base inside which we can also see a clean cup and handle pattern. So, if price breaks above the VWAP levels and the orange line, we can expect at least a 30% rally. (in that case, we have a correct 1:2 R/R with stop placed below the handle.