SMLFinwave

SMLFinwave

Possible head and shoulders forming on the weekly chart could signal more downside ahead. This plays into a large corrective wave that started in November 2021, which still needs to form a wave-C of comparable size. A new high above the wave-B top would negate this count.

SMLFinwave Updated 

Large corrective wave to the upside looks ready for completion. Please see posted chart below for explanation.

SMLFinwave Updated 

NVDA is looking to complete a corrective wave-B with an ending contracting triangle. It will still need to complete waves D and E. 8/28 is the date of the estimated completion.

SMLFinwave Updated 

This is a much bigger impulse than I could have imagined. I am speculating that there will be additional upside to the 85.4% fib retracement level at 139.99 (retracement from the 164 top), which will top out by approximately 6/13. Continued upside must be necessary because the 3rd wave created in the current structure is the shortest; therefore, it must be...

SMLFinwave Updated 

Looking for last rally after latest decline turned into another corrective wave. I am expecting a wave C with 5 waves and the most likely fib levels (time/price) depicted as arrows on the chart. When the rally begins, I am expecting 100% of wave A, which I am estimating to end at May 16 at a price of 115. I am hoping to enter this position below 91.

SMLFinwave Updated 

Ending triangle. Topping formation in AMD.

SMLFinwave Updated 

Appears to be in a double zig zag formation with a target of low 72's. Afterwards, broad market correction will probably be over and AMD will be in wave 5 of large degree and will finally push above 100.

SMLFinwave Updated 

Possible wave B in progress with a target of 39, which is the price action of wave 4 of a lesser degree.

SMLFinwave Updated 

I have 2 scenarios that may play out: 1st scenario (pictured) is that we are currently in a wave 2 correction (in blue w/ question mark), and wave 3 should follow sometime next week, or after earnings, and will bring price action to new high. 2nd scenario is that wave 5 has completed with the last 5 wave count (in pink) and a 4th wave correction in a larger...

SMLFinwave Updated 

AMD chart appears to be completing an ending diagonal in wave C. In this scenario, it will be a buy when it breaks the upper trend line connecting waves 2 and 4. Wave 5 target should be no less than 72. If price action breaks 70, then the count will be invalidated; which means, a new impulse wave to the downside may begin.

SMLFinwave Updated 

Target 10,369 - 78.6% fib extension.

SMLFinwave Updated 

Incoming wave 5 of intermediate with a minimum target of 95, but hoping for over 100. Waiting for a break of the top side of the pennant, within wave 4, to initiate trade.

SMLFinwave Updated 

Currently in third wave of intermediate cycle. There is a possible ongoing third wave extension in the minor that may be creating a 9 wave structure. It is currently in a minor ABC correction and a break to the upside would target 29-32 as the most likely fib extension level of wave 1 of intermediate cycle.

SMLFinwave Updated 

Possible 5th wave that extends to minimum 156 with likely target of 167.

SMLFinwave Updated 

Current wave 3 in progress twtr coincides with dji wave 5 extension of wave 5 of super cycle. Current covid inspired correction in intermediate cycle temporary. Intermediate cycle target to trend line $44.