I see this bull run, starting 2009 as a diagonal. 1.We can clearly see that the sub waves are NOT consistent of only 1-5 but rather ABC waves within each of the bigger waves. 2. This is only possible within a diagonal. Short interest is high and price is squeezed. 3. I do not have a time perspective on the crash but the zone between 36,5 - 42k seems to be the...
Trade update. Target is refined and around 52 (52.14) is looking to be a probable target for a reversal. Let's see what happens. Just did some EW calculations just for fun. Looks like an ending diagonal within an ending diagonal. I would still advise buying the breakout and not the low. The breakout is also refined and I would wait for a break of at least 70...
NAS is performing to a T. Such a beautiful chart. 1. EW rules align perfectly 2. Price action rules align perfectly 3.Fibonacci align perfectly I'm expecting this stock to explode with a vengeance. However, we should first expect a lower low. Ideally to around 49-45. Once again I don't recommend buying the dip. It's to greedy and you will risk too much if the...
Canopy is retracing downward to find support. This is too textbook not to hypothesize about. I just had to do it, too many things are aligned. 1. We can see the market structure (and respect) in the demand zone. (i.e. arrows) Support & Resistance. 2. There is also alignment with 1.0 and 1.618 Fibonacci extensions. 3. This is all respected with a bullish and...
Longing. - Ema's on 45 min chart about to blow. - Fib relations respected. - consolidation phase - Hidden bullish div on 4 hr chart. - Looks like we are forming av leading diagonal.
-Hidden bullish div on the weekly chart. -2.0 fib on the ABC correction. Looking to long with tight stops. @ least to the target presented. If the trend is strong I might keep the trade active. 5.94 SEK is looking most promising the low entry, however, just place a buy to guarantee getting filled. //Trori
I'm longing @ approximately 9.71 with a long term target of at least 13.00 Tight stops. Arguments: 1. Expanding diagonal identified (zoom out). 2. fib relations are respected in individual ABC waves. 3. 5th bearish Elliott wave withing wave C soon completed. (minor EW 1-5 as shown on chart) 4. Bullish divergence noted on the RSI charts 5. Volume and price action...
short at 219-220 usd arguments: ABC structure identified macd weekly looks bearish the last wave is ending with a contracting diagonal RSI - bearish divergence
Short it for a double top. No bottom projections. Let's see how it plays out first
Buy zone: 0.77-79 (fib 1.618 relations state 0.77) Target B - will be presented. Should be at least 0.90 We will then retrace further to wave C TA/FA: 1. EW 1-5= A = Expanding diagonal = Fib relations 2. Hidden Bullish divergence 3. RSI Oversold 4. Trend line 5. 100 MA 6. COO is buying 7. MACD crossing 8. Histogram is decreasing 9. First GAP is filled (92% of...
Buy zone: 0.77-79 (fib 1.618 relations state 0.77) Target B - will be presented. Should be at least 0.90 We will then retrace further to wave C TA/FA: 1. EW 1-5= A = Expanding diagonal = Fib relations 2. Hidden Bullish divergence 3. RSI Oversold 4. Trend line 5. 100 MA 6. COO is buying 7. MACD crossing 8. Histogram is decreasing 9. First GAP is filled (92% of...
Structure looks like an expanding diagonal. We have targets @: TP1: TP2: TP3:
Well the bottom is in for H&M. We finished of the bear market with a textbook triple zig zag with a zig zag x wave. Elliott wave theory is validated with a 1:1 fib ext X->Y nad X->Z
Wouldn’t it be great to know when to buy some high quality Apple stock? Well, we can at least ”try” to find out. We clearly see a 5th wave extension within a 5th wave extension. Somewhat rare, but surely visible within parabolic moving equities Elliott wave analysis tells us that wave 3 is often the longest but NEVER the shortest. I see a great deal of users...
RSI about to hit strong resistance MACD about to cross over Volume is low Bearish news all over. This does not look good.
As seen on the chart, wave 3 is NOT the shortest, as proven by a trend based fib ext, that is of course if we assume that wave 2 is an expanding flat. This alternative count gives us a bottom of the 95-105 USD. It will of course be easier to know once we know the range of B. We WILL find the BOTTOM. I will update this as history moves on
1) EW count is not complete. 2) RSI- bearish divergence We will most likely fall to around 2,5k where we find very strong support. Let's see how the market reacts when waves are finished. Until then, //P