Taking a gamble to long Walmart. Chart showing positive upside with spaces to fill on the upside
Be it triple zig-zag, double three corrective waves or impulse 3rd waves. we are looking at upside. Stay tuned and different wave counts will be out.
I'm preparing for a correction in reaction to the completion of wave 5.
I miss calculated the wave count. Heres the updated one
Despite roaring positive news, the stock's rally was capped at the supply zone. Hence, we are looking to long at the next potential demand zone highlighted in the chart.
The sell down was strong and although it miss my upper bound of the selling after a failed long on my previous report. But... the wave count is still on point. So if you have been following me on the daily TF chart, you will know that I advocate a strong correction downwards before a bull rally. So therefore I’m holding my long. But at a smaller lot size. I’m...
Dow futures is displaying potential upside.
We expect price to rise and target 161.8% extension
Bullish pennant found on the 4hr TF and the daily head and shoulder may be invalidated. Lets lookout for the opportunity ahead
5 wave complete and now wave B is making a final push
With the intermediate phase completed, we are looking at Dow making head way to further downside. Potential rebound zones are highlighted.
Zoom had an exponential growth recently and it is likely to come down for a while base on the wave theory.
The consolidation has been ongoing and the bearish engulfing candle at the right shoulder is showing the 2nd rejection. As such, we think that the price will target 123.6% of the head and shoulder minimally which if it rebounded strongly, it means the Head and shoulder will have a failed break below.
Do not be fooled by the Strong pre market. Large funds will dump after market open. It will be a good risk to reward
Dow futures for a having a expected downside correction to 26,000 region. Fibonacci extension indicate that wave C is yet to be completed.
Descending triangle and a strong bearish impulse downtrend indicate the dominant trend is still bearish
Dow has completed its 5 wave impulse after a reversal at 29,000 resistance zone which I have highlighted before. The sell-down is a correction and price has swiftly reverse higher upon reaching 127.2% extension of wave A. Lets see if the index future can edge higher or not. However, do take note of the resistance zones highlighted in the chart, should 29,000...
Dow may be seeing some lights but the real rebound should be at 26,000 region after the greater ABC has been completed. Ichimouku Kinyo-Hyo is pointing to its first bearish correction after the Tenkan-sen crosses below the Kijun-Sen. The next indication will be after Chikou-span crosses below the candles.