ElliottWaveBelgium

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.

ElliottWaveBelgium Updated 

this is a follow up to my previous post (look for it on the realted ideas). If price holds current level and of course doesn't go below the Stop, we could be in for a nice treat as it could then rally above 3550. My primary count is this WXY pattern but I also have my back up plan in case this one doesn't play out, which is simply a bigger Triangle ... where...

ElliottWaveBelgium Updated 

COTY - This one seems like it might have finished wave e of (iv) so we can therefore look to buy and hold towards 9.55 at first as long as price remains above 6.5. Risk-reward is good so I see no reason to not be involved in this one.

ElliottWaveBelgium

Just like for my previous post on Bitcoin , here you have the levels of interest we have to keep an eye on for this year. Right now we're approaching the all-time high so expect some resistance. The best thing to do right now is to take at least some profits and let others fight for this zone because don't forget, profits are yours only after you take them! You...

ElliottWaveBelgium

I've shared this chart with subscribers some time ago and noticed that I had forgotten to post it here also. Right now, we're approaching the 43k-46k zone for which, looking at the substructure of current rise, I suspect we'll see a breakthrough, turning this zone into a support next, before going for 70k. Notice that the blue zone, is the usual termination...

ElliottWaveBelgium

We have 2 possiblities here. Either we are in a complex WXY correction which would then take price towards 415 i n a corrective fashion similar to the dotted line drawing. or we are finishing a Flat corrective wave 2 pattern in which case price should remain above the invalidation level at 439 . The usual termination point for wave (C) of a Flat...

ElliottWaveBelgium

I will keep this simple. We got a new all time high breakout, followed by a nice consolidation from which we are now breaking out. You can look to buy at current level or wait for a move above yesterday's high if you like and keep it as long as price remains above 120. I'm not putting any target zone for now, as I suspect this could turn into a more long term position.