ElliottWaveBelgium

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.

ElliottWaveBelgium

Wave iv ended after which we got what seems to be a Leading Diagonal wave 1 and possibly even finished wave 2. So, I recommend looking to buy as long as price remains above 285. If you want to play it safe, you can wait for price to go above 460 at first.

ElliottWaveBelgium

Since that historic sell off in crude last year, we've seen price steadily go up without any big correction. Even the correction from August to September was quite shallow, indicating the bulls are in power and there to say! On the smaller TF looks like we're finishing an Ending Diagonal now so a pullback down to 57-59 zone could be seen. I won't go blindly...

ElliottWaveBelgium

The first setup got invalidated and I got taken out by an obvious stop hunt... it happens. Now it seems ready to rally and we could see a follow through day now. I suggest using the low at 6.20 as a stop if you're more a risk averse type or previous days lows if you're a more aggressive trader. Price needs to break above this 6.9x zone first though.

ElliottWaveBelgium

This recent IPO made a perfect Cup and Handle pattern and yesterday we got a clean breakout on increasing volume. How I'm going to play this : Simply buy and hold as long as price remains above the breakout zone with a hard stop below yesterdays low.

ElliottWaveBelgium Updated 

On my previous post a few days ago, I highlighted this orange zone from which a bounce is highly likely if the primary count is correct. Today we are seeing it go up with other mega caps. Right now it look like it's making a 5 wave advance which would be a great bullish sign but we only have 3 waves up for now. I already have a position here but I will look to...

ElliottWaveBelgium

Following previous post, the 570$ target was hit and exceeded today, going for 630 now. Target have been silghtly revised from the previous post, since price remained more sideways and made a Triangle wave Y a month after my entry.

ElliottWaveBelgium

Follow up to my previous post. Yesterday I warned that all big names like FB, GOOG, AAPL, MSFT, NVDA are in a tight consolidation and they are needed to go higher if we are to see a sustained bull rally. Up until now, it's been the small caps taking prices higher and so a push up by the big guys will really launch the multi-year bull market in my opinion.

ElliottWaveBelgium

Big caps are finally waking up after consolidating for more than 5 months. NVDA is no exception. It seems to have finished a complex WXY correction and is now heading for new highs as long as 503.4 isn't taken out. I have a position.

ElliottWaveBelgium Updated 

It's been a while but looks like it's getting ready for a move higher now. But, if this updated count is to be correct, we will see only one push higher before seeing it pullback again, since it seems we got a Triangle here. For those among you who are not familiar with the Elliott Wave Theory, know that Triangle corrections occur in the position prior to the...

ElliottWaveBelgium Updated 

We're in a decision point here. If support holds , we should see a small base form and price continue to go higher , in which case you can buy on a break out of the consolidation. If we do break below support , chances increase for this to be a Flat correction and should therefore see price go down to the marked support zone. Here's an idealised...

ElliottWaveBelgium Updated 

EURUSD - With my memebers, we got out of this pair on 17th December because I thought pink wave 5 of orange wave iii was done and we met our target zone. Seems like I was slightly off since we got an Ending Diagonal which now came to an end it seems. We now should have started potential orange wave iv which might unfold as a Triangle which is usually the case for...

ElliottWaveBelgium Updated 

OSTK - Good looking chart with a great R/R. It will need to be managed if it advances so that we know if this is a 3 waves move or the start of a new bullish impulsive wave. The red 200MA and the lila anchored VWAP need to be broken for this to have a sustained move higher.