SaeedSajedi

SaeedSajedi Updated 

QFIN more than likely has completed a 5 wave motive rally and a high probability decline is on the way soon. Motive 5 wave rally was started from 6.37 USD on Mar 18th 2020 and made a huge progress up to 45 USD terminated on June 17th 2021. Price reacted well and beautifully to strong resistance at 45 USD consisting of 1.618 extension of wave 4 and 0.786 Fibo...

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Is NVDA stoppable? Lets check the alternative scenarios. NVDA has started an impulse rally on 8 mar 2021 and made a new ATH. Whats next? Here I suggest two alternative scenarios and tell you explicitly my opinion about their possibilities. On the left side we have a possible wave count with extended wave 5 which suggests that 5 wave ascending cycle will...

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TSLA will face a really strong resistance soon. Is it able to defeat the resistance? Watch carefully. Descending trend line, 50 % Retracement of last drop and Kumo flat of Ichimoku system have made a strong alliance to push the TSLA back down. Moreover stochastic indicator is in overbought zone in daily time frame. It is worth to note that general trend of TSLA...

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BTC shows various signs of weakness these days. Besides Elliott wave patterns which I published separately, signs of weakness in BTC's trend show themselves continuously. I show you two different weakness signs here : 1- As you can see in the chart , BTC is making minor lower highs in price chart while making higher highs in both stochastic and RSI indicators....

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ROKU is close to the end of correction which was started on Feb 16th after an impulse rally from 58.22 to 486.72. Currently we are in wave C of and ABC form of correction. It seems Today's price jump was the wave 4 of C and another leg down to 200-240 possible buy zone is on the way to complete internal structure of wave C. So far, We have a broad buy zone formed...

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SQ is offering a text book example of ideal setup to go long ! It is showing a beautiful ABC form of correction with clear subdivisions of wave A, B and C. There is just one leg down to complete the structure of correction. More beautiful is minor final leg down is going to make a fractal 5 wave downgoing impulse itself. Proposed support zones have formed by...

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NVDA is doing great continuously making higher highs and higher lows in H1 time frame. It seems NVDA has defeated first proposed resistance zone and now is going to attack next one at 717-748 which is a broad one. Stochastic indicator in Monthly, Weekly and daily time frame is in overbought zone which suggests that going long is too risky now. For those who has...

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SQ is going to make a trend reversal soon and start upgoing wave 5 to complete an Elliott wave cycle. Details of wave 4 (ABC correction) analysis and support zones is provided in another published idea. Check out the related link if you are interested. First target zone is shown in the chart. This zone has formed by typical Fibonnaci levels. Of course it may...

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What is the final destination of Bitcoin? Is it able to survive from the disaster? I offer you here the possible scenario for BTC based on Elliott wave count on monthly time frame. Everything is clear in on the chart. Please note that this is just schematic drawing which approximately describes the price reaction zones estimated by implementing some typical...

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Where we get these numbers from? Do you look at just one time frame to make your trade decisions? How can one get insight about general trend of a stock? Are we in correction? Which cycle is the stock correcting? Answering to all above questions needs multi time frame analysis. You can not be aware of whats going on in a market or stock without investigating...

SaeedSajedi Updated 

NVDA is attacking a strong resistance zone. Is it able to defeat the resistances? Watch the reaction to 655-687 carefully. This zone is formed by cluster of typical Fibonacci levels of different wave cycles which suggest that it is powerful. Stochastic indicator is in overbought zone in daily time frame while its very close to overbought in weekly. What does it...

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Always ask yourself what if I am wrong? Whats your strategy for risk management if you are wrong? Is it just sticking to your stop loss? Do you sell all of your shares at resistances without any bearish signal? NVDA is a clear example which shows the importance of Multi Unit trade strategy. Multi Unit Trade Strategy is simply dividing your position to some parts....

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As predicted on Apr 9th and warned on May 1st Appl's bearish trend resumed and 137.07 remained as last high for several days. Last move up from 122.25 to 128.31 shows corrective character with mixing lows and highs. This move up has retraced back 0.382 percent of last drop so far. These signals warn again that Apple goes lower to the predicted support...

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Try not to get excited !. This bullish movement will be terminated at around 630 and maximum 650 if not terminates at current price. Tsla will fall below 500 so market gave another chance to go short if still you kept your whole position. As clear in the chart , Tesla is revealing internal structure of the down going wave 3 or C. Currently it is making wave 4 of...

SaeedSajedi Updated 

I strongly recommend you not to go long for bitcoin these days. It shows the characteristics of bearish trend not a correction. Last drop from around 60000 to 30000 was 1.618 projection of previous drop which is typical projection of wave 3 not C which means being in an impulse down trend is more possible than being in an ABC form of correction. Price immediately...

SaeedSajedi Updated 

As predicted, TSLA continuous it's path down to support prices. Now , we have a trade below 591.01 which confirms the completion of wave B and allows us to confidently estimate support prices to go long. Combination of different types and levels of Fibonacci suggests two support price zones : First is 460-470 and second is 370-420. Interesting is that stock had...

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As shown in the chart , NVDA showed a down going impulse character so far which invalidates previous proposed abc correction. This indicates that we will face a larger correction for NVDA. In best case scenario, end of mentioned impulse which labeled as 12345 is around 540 and an up going counter trend correction may start there which may go to above 600...

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Classic tools are simple yet powerful tools but if and only if you know when to use them, otherwise they can be very misleading. A good example of such pitfalls is inverse head and shoulders at the end of wave A. Traders who rely on this pattern regardless of its position in terms of Elliott waves may expect a new major high and become ready to make a nice profit...