TSuth

TSuth Updated 

As I stated in my last post, the ALT count and my primary analysis both had the same probability. However, I favored moving upwards instead of dropping back down to the $160 area. One thing, you may always notice, guides my decision making more than ANYTHING else. It's not even a competition when I say, "MACD is THE GOAT"!!! I don't even have a volume...

TSuth Updated 

That has been the question on my mind all day today. We started off strong gaining $4+ dollars right after open, and then around 10a.m we just started to peter out and retrace/consolidate. Hopefully, this is just the beginning of this (C) wave, and we take off soon. If it doesn't start climbing strongly within the next day, maybe 2 at most, then I will start to...

TSuth Updated 

We came down and hit $0.05 cents away from the 0.786 fib line of our wave (1), and then started to rise in what appears to be an impulsive fashion. I have drawn a box for our wave (v) of ((i)) of (3). The MACD seems to support the count as well. This being a wave 3, it should raise higher then any other wave during this 5-wave pattern. I would also like to point...

TSuth Updated 

My previous labeling, I believe, is off by one degree. I know there is a lot going on in this graph, but I wanted y'all to see the raw data I'm working with. The hard drop from Tesla's high of $177.38 seems to be that of a c wave with its impulsivity and strength. The yellow box is currently my ALT count but has a completely equal chance of coming to fruition as...

TSuth

As shared in my other posts today I think the majority of stocks making up the S&P 500 are set for a drop. If you follow the index or the ES1 you probably know we are due for a decent decline soon. This is becoming more and more obvious with the price action we are seeing. Get ready, because there is a drop right on the horizon. The last high we made was on...

TSuth

Meta has made it to my target box for its wave ((1)). However, due to the MACD I still believe we have OMH to make before heading lower in wave ((2)). It's not required as this count can be considered complete. Either way, at this point you are trading for scraps and exposing yourself to a potentially big loss. The first drop of wave 2 is the A-wave which usually...

TSuth

I'm not going to spend much time on this because it is the same as most other charts. Look at my AAPL chart I posted today, and you can see the resemblances. We hit my target box, for OMH, & on negative divergence. I expect Google to drop just as I do for AAPL, META & MSFT. META for a different reason though, one which I will be posting next. In short, I hope...

TSuth

Regardless of if you are bullish or bearish on AAPL, it is pretty obvious a drop is incoming. I have been calling for it for a few days or so now and MACD seems ready for that to happen. This last high AAPL made was on negative divergence, so I expect it to begin dropping at any time. Rather it is for wave ((C)) or wave 2 can be up for debate. However, for now...

TSuth Updated 

I have been making daily posts on Tesla for a while now. I post on here so my followers can not only make smarter trades resulting in higher profits, but also to help them learn. To be honest, I have only been ACTIVELY trading for about a year and a half. However, through the proper use of EWT (AND STOPS) , I am able to navigate a market without fear. I KNOW that...

TSuth Updated 

I posted in an update earlier that i bought 300 shares of Rivian. I think I forgot to post that I made another purchase for 150 shares @ $12.90. If we make another low, I plan on buying another 150 shares. According to the MACD though we are about to embark higher. This will be our wave i of (3) so expect a good liftoff followed by a decent retrace, and then...

TSuth Updated 

The last couple days have been eventful to say the least. We finally bottomed in our ((A)) wave of ((2)) and have begun our rise to ((B)). So far, we have our ABC for (A) & (B), and it appears we have started raising in our (C) wave. I say this for a few reasons: 1. Structure!!!!! -- On the 1HR chart we have very clear movements that represent our motive waves...

TSuth Updated 

The only thing I changed about this graph, is I removed the dotted lines showing my prediction for prices path and moved my A & B labels to reflect new price action. The B wave may not have even started yet though to be honest. I would not be surprised one bit if this has all been part of our A wave down. However, we did poke higher to just under the 0.236 fib...

TSuth

We finally hit the target box I made back on April 27th....let that sink in for a moment. We just hit a target I set OVER 2 WEEKS AGO!!! MACD has started to drop after that high along with price. I think we consolidate here for just a little longer so we can have OMH on a lower MACD reading creating a Hidden Bearish Divergence. This will most likely be the big...

TSuth Updated 

Let's just start out by telling everyone to PLEASE go read my other Tesla posts and let my work speak for itself. I have literally been calling every move Tesla has been making since we hit our ((A)) wave bottom @ $151.72. If you like what you see hit that like button, but more importantly, hit that FOLLOW button!! With that of the way just take a look at how...

TSuth

Today Rivian hit the OMH I said it would. It extended out almost to the 2.236 fib line, which was unexpected, but nonetheless...it was OMH just as I called for. From there we dropped down almost to the 0.382 which is a normal retrace spot for A wave retraces. We may have already bottomed in this A wave retrace though as the count looks complete. MACD also looks as...

TSuth Updated 

If you are one of my followers, you know that I sold the majority of my Tesla position @ $172.50. When we hit this (B) bottom, or get close to the it, I plan on re-entering the trade. My hope is that I can pick up another 80 shares around the $160-$162 area. Once we hit this next top for our B wave, I will be able to give a more accurate entry target for (B). The...

TSuth Updated 

It never gets old making these graphs and watching price move right into my target zones/fib lines. When you learn how to accurately identify your waves, know what "normally" happens next, then your profits begin to soar. One thing my mentor has CONSTANTLY reminded me of, "structure is the most important thing". Once you have this drilled into your head,...

TSuth Updated 

I have been stating for a while that AAPL is coming to an end to this move up. I left the bullish count on the chart as an ALT but by this point i think it is highly unlikely. The MACD isn't presenting as a wave 3. It made a high on Feb 3rd which is exactly where structure dictates wave (A) belongs. If we were in wave 3 i would expect MACD to have made a new high...