TranceaddicT66

TranceaddicT66

I was inspired to re-examine my previous analysis after learning something new about pitchforks. The concept is that a pitchfork is not necessarily invalidated when price exceeds the bounds of the median parallels. Price can drift sideways outside the original pitchfork parameters. This is referred to as a frequency shift. Often, this is what makes price look...

TranceaddicT66

Elliott Double Combo (WXY) I've laid this 5-3-5 correction out in the simplest possible form - Impulse-Correction-Impulse. It could very easily take a form similar to the previous correction - Ending Triangle. I'm speculating it won't because it took half the time (35d v 73d, the yellow "you are here" arrows) to get to this level, last time.

TranceaddicT66

It's all in the text boxes. I''m still a novice with APs, so take it with a grain of salt. But, that's pretty much the gist of pitchforks. The artistry is in identifying two things. First, the proper datapoints for the anchor and tine points. Second, which frickin' version fits price action - original, schiff, modified schiff, or inside. If you are a...

TranceaddicT66

AMC is barreling right at shit-ton of confluence all targeting $16.41. At that point, two Elliott Waves of pristine proportions converge, and two Wyckoff Accumulations hit their spring points. Aw, com'on, you KNEW this was going to happen, you just didn't want to admit it. BTW, I've got $2K burning my account, desperate to be used in just such a VALUE...

TranceaddicT66

EURUSD has turned into the 6th wave for a run that will only be blocked by the next resistance level. Anticipating a 100pip move. Thoughts @ForexTrendline ?

TranceaddicT66

This is a test of price analysis model using multiple tools to target a specific price within pennies. First time, let's see what happens. GME will hit $192.18 for Tuesday, 11/02.

TranceaddicT66 Updated 

EWT's 2-4 Alternation Principle informs us: for a gentle, shallow 2-leg correction we can expect to see an abrupt, deep 4-leg correction. 4-leg: Double-Three Correction Pattern Key elements: - Overall Structure: W=5730, X=8271, Y=5868 - Internal Structure: 3-3-3 (Flat 3-3-5, Flat 3-3-5, Combo) - W-leg hits 50% retracement of the 3-leg Note, the 4-leg is a...

TranceaddicT66

As usual, this is not financial advice. Do you own due diligence. This is just what I see forming. An ABC correction is forming that, if it proceeds to develop as I see, will constitute the first leg of a Motive Wave. This correction will need to break through the descending resistance (blue) and add 100% of the A-leg. This will form the 1-leg peak (~$252). ...

TranceaddicT66

All three phases (legs) are complete with 5 @ $0x3700. There is nothing but down for this. Some additional profit making can be secured during correction recoveries. But, be careful and watch the lower TFs for reversals. Take multiple smaller positions and secure profits intermittently as it rises. Target Range: $0x1064 - $0x840 I expect lower end, targeting...

TranceaddicT66

GME's movin' on up! Fish don't fry in the kitchen; Beans don't burn on the grill. Took a whole lotta tryin', Just to get up that hill. Now we're up in the big leagues, Gettin' our turn at-bat. As long as we live, it's you and me, baby, There ain't nothin' wrong with that. Can anyone NAME THAT TUNE? Yes, it's a bloody mess. But, that's between me and my...

TranceaddicT66

Hard, directed price suppression has occurred when price exceeded $16. They have been stepping price down ~$1.30, seeking pre-spike2 levels of ~$8. This level also happens to nicely fit with the pre-interrupted squeeze that price swung lazily around for 1.5months before it began squeezing. This is their comfort level. It's why they did nothing for the 1st 1/2...

TranceaddicT66

I'm trying a new forecast model for targeting price a wee-bit more precisely. Sadly, yes I think price will end this week significantly more down.

TranceaddicT66

Fortunately, AMC finished it's waveC last week @ $31.13 & confirmed that with a subsequent retest on Monday (07-19). There is a high-degree probability (MACD & RSI confirm) waveD is complete, as well; topping out at $46.45 which nicely aligns with the 0.618 level ($46.72). This Week: There's gonna be a fight over the $40-level options - 26K OI with 55K volume...

TranceaddicT66

Shorts are employing a new psychology to shake loose paper-hands. Late-June to current - strong, steady downward pressure used suppress price and depress Apes. Shills were cheap (whores usually are,) but were being too easily identified ("I lost my kids college fund and can't pay the mortgage" ... puhleaze). Unfortunately, this is a ghastly expensive measure...

TranceaddicT66

NYSE:AMC Expect price to continue it's upward climb to beyond the 1.236FibExt @ $82.25 but reverse before the 1.618FibExt @ $91.90. The subsequent projected correction (Wave4) will likely retrace to ~50% or roughly $66.63.

TranceaddicT66

NYSE:BB Blackberry will continue it's down trend for the remainder of the week. Expect sentiment to be bullish before Earnings with a swift reversal because even if it's good news, it's bad. (Right, shorties?) We are in WaveC of a correction formed from a 5-wave impulse. Wave3 formed on Friday (06/18). Expect Tuesday to continue/end Wave3. Wave4 forms end...

TranceaddicT66

Seriously, what do you call it? Normally, exponential increases (x^2) on a standard scale have a constant linear (x) slope on a logarithmic scale. This chart shows an exponential growth in price ... on a logarithmic scaled price axis.

TranceaddicT66

Note how this is an exact repeat of late-March. Seriously, E-X-A-C-T. Earnings => Price Collapse => Recovery. (Yes, doubters, recovery has already started.) Let's review the steps: Earnings How it went: March was okay (not good, not bad) news. How its going: This time the news was decidedly positive and promising - fundamentals improved, L/T debt...