SaeedSajedi

SaeedSajedi Updated 

It seem that MRVL has completed its corrective wave B (at 0.786 retracement) and continues it's path down to its first support zone at 34 USD below the low of wave A. Conditions which confirm or invalidate this analysis has been shown on the chart. There are two support zone at 34 and 29 USD. These two price reversal zones (PRZ) have been formed by two different...

SaeedSajedi Updated 

EHEALTH is reaching to it's descending trend line. General trend of the stock in currently declining and the market will hit to descending line soon at around 78. Also as it is clear in the chart, price has been significantly reacted to pitchfork lines during its down going path and there is a nice overlap between descending trend line and pitchfork mid line at...

SaeedSajedi Updated 

TSLA is just a stock not a GOD ! . Every stock will crash some day. It seems the bullish forces have lost the battle to allied 0.618 retracement and descending trend line resistances. Currently bearish army is attacking the midterm ascending trend line. This defending line may prevent price from going lower but every push up will be temporary and this protecting...

SaeedSajedi Updated 

Trend reversal eventually happened. A trade below 131.30 which was the last low confirmed the trend reversal in Apple. I warned in my publication on 9 Apr titled " Apple to resume bearish trend" that apple will face problems with 0.618 and 0.786 Fibo Retracemnet resistances and now it came true. Although that wave count may need some updates , Apple's last...

SaeedSajedi Updated 

NVDA trend is clearly up going and currently making its wave 4 of ascending impulse. Up going wave 5 is still ahead. It has probably completed its wave b of 4 after reaction to 0.618 Fibo retracement .One more short leg down to 570 USD ( Wave c of 4 ) is on the way. We have strong support zone at around 570 . In the case of reaction to this zone and starting up...

SaeedSajedi Updated 

TSLA is currently completing it's wave 3 of C of B which means we are still in the correction and resumption of bearish trend will happen soon. Important resistances are 763 and 825 corresponding to 0.618 and 0.786 Retracemenets respectively. A small correction and 1 more short ascending wave is predicted before the completion of whole wave B and starting down...

SaeedSajedi Updated 

Apple is clealy making a zigzag corection Currently Apple is comleting wave C of B or 2 and it's bearish trend for starting wave 3 or C will resume soon Possible Targets for wave B or 2 are : 131 , 134 and 139 Posiible target for End of Correction is about 100 in optimistic scenaio (that is new upcoming bearish wave is wave C and not 3 )

SaeedSajedi

From which Retracement level will price make a reversal ? 0.618 is Golden ratio but do all reversals take place on 0.618 level? How can we choose a retracement level which more possibly triggers a reversal? Combination of Fibo Retracement with other types of Fibonacci like projection and extension can make a support zone instead of a single level. We call this...

SaeedSajedi

it is vital for all traders to control their emotions. getting excited is natural for everyone but if you want to be a successful trader you have to learn how to control your feeling. we trade based on the facts not feelings!. there are always alternative scenarios and a wise trader should be prepared in advance. being aware of alternatives can help you to control...

SaeedSajedi

The impulse wave which started at 42639 will reach to prices around 90000 based on Elliott wave counting and Fibo predictions. No matter where we are in larger cycles in terms of Elliott wave counting. what is obvious is that we have new impulse wave with nice fractal waves.( whole this new impulse wave can be wave 3 of a larger cycle impulse wave which in that...