Rykin_Capital

Rykin_Capital

Early in the correction to a fairly large bullish impulse. Technically, we are all bearish across the board, plus divergences on some indicators on the latest set of peaks.

Rykin_Capital

ABCDE down (skewed HnS pattern) downward and then reversal with bounce off with two bullish candles with vWAP cross. Kennedy channeling used for some Fib goals in this possible upgoing zigzag. Good luck to all.

Rykin_Capital

ABC zigzag complete, then one bounce, and now:\ 1.vWAP crossed by 2. engulfing bullish candle 3. signals on VZO/StochRSI 4. cross of MIDAS line 5. Cross of Bolinger Band %PCT We like to use combinations or pairs of different indicator, as it improves chances. Similarly, every indicator we use looks at every market from completely different perspectives, be it...

Rykin_Capital

The last take on TMO brought 7.5% profit in 13 days. It was manly based on Harmonic/RSX OBOS combo signature. The change in the candle stick tendency now might be an earliest of the earliest signs of a pivot. This is a very risky take, given limited evidence: Stoch/RSI cross, vWAP cross, US support and bullish encompassing candle, thus the stop is very tight.

Rykin_Capital

This is a second bounce post completion of a fairly obvious downward five wave impulse. Usually, when this happens more than twice, price action turns around and goes the other way. Despite lagging, the VZO/StochRSI combo both produced signals. vWAP and Ehlers Ultimate Smoother are both supportive.

Rykin_Capital

We believe a downward impulse (Elliott) is finished and this is somewhat evident by the two candlestick price action. A change in the tone and flavor of candle sticks in momental OBOS area, overstretched VZO/StochRSI combo can be suggestive of a pivot and we believe this to be happening here. If the outlook is wrong then the obvious and tight stop will prevent...

Rykin_Capital

The technical signal has been shown for the bearish side. And it may drop further. There is a tendency for markets to retest an important price level 2 or three times, after which the whole dynamic pivots and we go the other way. There is no way to tell if and when this is going to happen and that is why trading is hard and awesome.

Rykin_Capital

Huge gap down, followed by a massive bearish candle and a healthy wick. Convincing divergences on RSX and BB%PCT, other indicators being long establish bearish. There may be a bounce off the 2-4 line in blue, but experience dictates that with a gap like that there is plenty more momentum pent up for more down ward motion.

Rykin_Capital

Explosion out of a tight trading range, maybe a continuation of B Wave in a corrective zigzag or a start of a Wave 5, still in pre existing trend. Technicals are certainly bullish for support. The bullish encompassing candle confidently crossed VWAP/US duo.

Rykin_Capital

Going off the technical picture, there is a general alignment from at least 5 different perspectives. The indicators I use look at the market from may different ways, deriving data from volumes, volatility, stochastics, momentum and simple stats like sigma deviations on the previous. Many cases do not offer a discernible Elliott count or a harmonic, but these are...

Rykin_Capital

I really like the divergences on the new low on more than one occasion and an encompassing divergence between the first low and the very last one. This is a common set piece in these type of complex corrections, where the Elliott count proves to be problematic. I am confident of a high chance of a profitable long, because almost simultaneously there is a flip on...

Rykin_Capital

This appears to be a A Wave of a new zigzag that sent us to low of lows at 3.00 . Now well and truly back out of thee OBOS territory. Generally speaking, A waves do not produce momentum divergences, and this appears to be the case here as well. AB trendline, along with MIDAS has been crossed, BB%PCT crossed zero line a few candles ago and we are bullish otherwise...

Rykin_Capital

These are often hard to pick and as a pivot or fade take, it is inherently more risky. The Stop is tight. Never the less Fibonacci cluster of 5 and 2 to 5 show some high probability areas of take profits. In practice we do not use stationary stops or targets, dynamic systems have proven to be more useful.

Rykin_Capital

There is a sizeable gap that crosses the low of A. We are probably looking at another Zigzag with a fairly shallow correction on A, which is discernibly fairly standard ABCDE. In our experience any gap almost never get corrected pronto, so we can expect more downward momentum on this stock.

Rykin_Capital

The Elliott Wave count is hard on this one. In my experience if your count tell you that you are done with a trend bullish or bearish, then you are probably not. Unfortunately, often enough trend completion is only confirmed much, much later. So, that leaves us assuming that we are still then continuing with the trend. Technical indicators are supportive of this...

Rykin_Capital

Text book example of an Elliott zigzag. 3 or 5 wave move, followed by ABCDE retraction to 0.618, fibtime B Wave over 1.0 and now price action confirmed by MIDAS line cross. MIDAS line cross for confirmation, we found, is superior to neckline/trendline cross for confirmation. To play the devil's advocate, this may be a more complex B wave and we might observe more...

Rykin_Capital

Converging Elliott triangle and three soldiers on price action. MIDAS line cross plus supportive, upgoing vWAP/US combo is reassuring. BB%PCT flip present, plus simultaneous, recent signal throw off by VZO/EshlersStochRSI combo. All of this paints a high likelihood of continued motion to the upside. We may find resistance at the upper triangle trendlines, or...

Rykin_Capital

What is most striking about this picture is the sudden change in price action - this may be a sign of continuation of trend and completion of XABC harmonic pattern. Technicals on VZO, Stoch RSI are quite suggestive. BB%PCT quickly flipped back to bullish. The bullish engulfing candle crossed vWAP, US and MIDAS lines simultaneously. Good luck out there and manage...