ElliottWaveBelgium

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...

ElliottWaveBelgium

This is a follow up to my previous post and is here simply to show the effectiveness of the Elliott Wave Principle and one way to apply it. We shorted this ending diagonal right after closing our longs because for 2 reasons : 1) We got an Ending Diagonal wave 5 which should be followed by a sharp reversal. ...

ElliottWaveBelgium

BYND - Here's a new one for our watchlist. Not sure a retest of the support zone is for right now but once 5 up are done, it's a possibility and occasion for a long. For now, it looks like a simple wave 4 correction. A break above the channel should take this for a fifth wave higher.

ElliottWaveBelgium Updated 

Although we have the risk of this being a 3 waves rise, by the looks of it I tihnk we'll see a new high as this move has the caracteristics of a corrective wave 4. Looking at the number of stocks that keep on breaking out of corrective bases and making new highs (look at my profile) but also looking at the Advance/Decline Line we can see that we have positive...

ElliottWaveBelgium Updated 

Just follow the noted path. If wave (iv) has ended then we should see the fifth wave higher, completing a higher degree wave 1. We then need to see a corrective wave 2 that must hold above the beginning of wave 1 at 73.80 for this stock to rally to new highs.

ElliottWaveBelgium Updated 

Should continue higher, 120-124 would be the first target zone followed by 130 after a correction. If price goes below 105.1, leave the ship, it's going to sink. If you're looking for a more short term move, you can use 112.4 as your stop

ElliottWaveBelgium

This is what my charts have allowed my subscribers to do up until now. * This is clearly a marketing post as you can clearly see, but it remains true nonetheless! *

ElliottWaveBelgium

We got a nice based that formed here in form of a complexe correction which ended with a triangle wave Y. Now we should continue higher as long as price remains above 25$ !

ElliottWaveBelgium Updated 

The wave count suggests we should see one more push lower to finish a 5 waves drop as part of wave (c) of higher degree wave ((iv)). A drop below 21.60 could get things on track and we finally could see price drop for fifth wave.

ElliottWaveBelgium Updated 

I've labeled this as a 3 waves move but it can easily turn into an impulse, taking us to 6800.

ElliottWaveBelgium Updated 

MCRB - Finally breaking out if this triangle ? We can count a potential Leading Diagonal wave (i) on the 15min with a deep 3 waves corrective wave (ii). A move below 24.36 would invalidate this view.

ElliottWaveBelgium Updated 

We're at the end of this Triangle. 470 and 480 are the ideal zones to watch for a potential reversal. If price drops below 462, we could continue to see this go some more sideways as long as it remains above wave A low at 457.7.

ElliottWaveBelgium Updated 

We have a clear 5 waves rise here as you can see. Therefore, I suggest to only look for shorts now until we reach the 50%-61.8% retracement zone.