ElliottWaveBelgium

ElliottWaveBelgium Updated 

Just like TESLA, APPLE and co. this one should also see a push higher out of this triangle consolidation. As long as price remains above 3020 that is !

ElliottWaveBelgium Updated 

MPLX - This is one of my favorite stocks for my long term portfolio. Wave count suggests a big rise wich in itself is awesome but this company has also great dividens ! So, buy it and keep it for a few months/years. I certainly will !

ElliottWaveBelgium Updated 

Dax, like the other indexes is at a decisive point right now. If we really are in this ending Diagonal, we should see price drop sharply very soon. On this setup, same as my post on the S&P, the R/R ratio totally makes up for the low probability of this trade. Similar to this setup : An exemple of how this can play out, Notice the similarity of this...

ElliottWaveBelgium Updated 

Time to take profits here and let late buyers fight the bears. With our members, we closed part of our positions at 573 some of our positions a week ago and now we closed most of our remaining and left only 1/4 with a stop at 510. If it continues higher after what seems to be a triangle consolidation. Looking for 630 next where red wave V would be equal to wave I.

ElliottWaveBelgium Updated 

We seem to have finished a Triangle count here so can look for the move higher to be equal to wave (i) which gives us a potential target of 20219 . Of course it can go higher and I'd love to see it go higher but 20k is already a great target. If price goes above 19340 , it should continue to go higher towards the noted Fib clusters. Same view goes for the...

ElliottWaveBelgium Updated 

This one has been pretty good to me and my subsribers us althought our first buy in was stopped out for a tiny loss but we were able to get in again and got some nice profits out of it. Now we're in a fourth wave so this could and probably will continue some more sideways if it stops at support. So, building longs slowly is the way to go imo but only if we see...

ElliottWaveBelgium Updated 

This is the SPY ETF but the count is the same for SPX too. I don't know if we're in a 3 waves correction here or in a 1,2 situation. - If price starts to go lower but in corrective fashion and doesn't invalidate the count, chances increase (by a lot) that we'll see a rally higher. - If on the other hand it keeps on going lower, I expect this to be a wave C or...

ElliottWaveBelgium

Price broke out of this Triangle. I'm already long with my members since last Thursday but you can still buy in with a target at 147 first followed by 160 next. This setup remains valid as long as price stays above 112.6 !

ElliottWaveBelgium

We seem to have finished a WXY correction contained in this descending channel. A move above orange wave iv is a first sign that price is reversing but you can wait for a break above the middle channel line which would be a another bullish sign, followed by a move outside the channel. Beware though, we could see one more tiny drop down to around 1750 if the...

ElliottWaveBelgium Updated 

NFLX - Looks like we could see a rally up to 570 first, followed by 662 next but this view has to be evaluated anew once (if) price reaches 570. Best is to wait for a push above 496 before buying, in which case Stops can be placed at 475 but I recommend using 458.8, just to give it some more room. Ps: Notice that we have a potential Head & Shoulder pattern,...

ElliottWaveBelgium

Looking at the other indexes, I have to favor the Flat count on this one. I don't believe to be in a 1,2 / i,ii situation but it's still a valid option just as a potential Diagonal count ! But in both cases price needs to remain above invalidation level ! Shorting is the best option for now. For non-elliottitians : Idealized chart : Other indexes are...

ElliottWaveBelgium Updated 

This is a follow up to my previous post you can check out below. Bullish view is intact as this one (any many other Chinese stocks) have held perfectly during current market correction. As long as invalidation holds, I see no reason to not have a position here and in Chinese stocks in general (other good one for exemple is ZI) Previous post: Don't...

ElliottWaveBelgium

This is a simple setup that could yield around 300-350points. Simply waiting for a break above the resistance zone. Personnaly, I'm putting a buy order at 13250 with a Stop of 60points. If we see a big candle breaking higher with high volume confirming the move, I will immediately move my stop to it's opening price. Beware fake-outs though ! If price breaks...

ElliottWaveBelgium

We have a Triangle (or Pennant pattern if you like). We could see one last small push for wave (e) that needs to remain above 379 ideally. Below that, it opens the way for a bigger & deeper pullback.

ElliottWaveBelgium

This is clearly for promotion purposes as you can see but also shows the effectiveness of the wave Principle which is deadly accurate sometimes ! Here you can see the chart that I shared with my subscibers on 29 Sep 2020 and where we are currently.

ElliottWaveBelgium

S&P500 - Despite the optimism we're seeing in the markets today, I wouldn't go on a buying spree right away. Many setups have been popping up but I still believe we're in a bad phase right now and there is a high chance for markets to sell off and make new lows. What the catalyst might be, I don't know... Maybe Trump will not acknowledge the results ? Who...

ElliottWaveBelgium

Made only 3 waves down and currently is up in 3 and is at the 161.8% projection of orange wave a from b and the 127.2% of (w) from (x). This is an important Fib cluster that can react as resistance and the fact that we also have the 78.6% retracement level of the Diagonal doesn't help the bulls. Therefore, unless we see a new high above 420, I recommend to be...

ElliottWaveBelgium

We can make the case for this being a rising Wedge Pattern or in terms of the Wave Principle, an Ending Diagonal fifth wave. Looking at the Wedge pattern, there's nothing wrong here and we can short if price goes outside the pattern. But there are two problems with this view according to the wave Principle : 1) Wave 4 did not enter wave 1 territory altough...