William-trading

William-trading

Zoom had a strong gap up to 161.8% extension level. Judging from the wave analysis, I will long after zoom retrace towards 150 demand region.

William-trading

Zoom rebounded but there seems to be a slight reaction at the gap. I'm more incline to the stock rejecting the gap to complete sub-wave 3. Otherwise the upper zone between 161.63-165.61 is a good idea to short too. Demand area to long remain at 109 region.

William-trading

Sell down at 85.4-88.6 supply region of corrective sub-wave A.

William-trading Updated 

Strong sell-off to start the day. The potential strong bearish engulfing started to reject the key extension level of 123.6% of wave A.

William-trading

Am waiting for key rebound level to enter long.

William-trading

After much discussion with fellow wave theorist, I overlook the fact that the recovery is actually a leading diagonal(corrective ABC) and we could very much heading stronger on the upside (refer to my analysis on the weekly expanded wave count @ ).

William-trading

Cisco has broken out of the rising wedge after a strong sell-off from 61.8%. Strong bearish divergence indicate a continued sell-off.

William-trading

Phillip Morris double top rejected 61.8% and support turned resistance level.

William-trading

Technical suggest that a sell off may continue. First, the bearish pennant/symmetrical triangle indicates a sell-off soon. 2nd, double top persistent closure below 38.2% of the bearish impulse move. Third, the 88.6% of the double top shows a bearish hanging man. Thus, the sell-off is imminent.

William-trading

AT&T had a strong sell-off on Friday close. Will wee see a strong continued sell down or will it rebound to 88.6% of the rising wedge for a grand sell-off?

William-trading

Based on price action, we are seeing Microsoft heading for a downside now. First of all, there is a potential double top with two hanging man nearing 78.6% retracement of wave A. Pattern wise, the rising wedge is a key signal of converging and losing bullish momentum, coupled with a bearish RSI divergence. * If there is a upside, 85.4%-88.6% will be the next...

William-trading

In response to the earlier post at

William-trading Updated 

The sell-down towards the rebound explains in the wave 4 chart is on point and we should see price moving downward as we speak.

William-trading Updated 

The rebound at 200 psychological level that happens 2 days ago is seeing some upside. Moreover, the strong upside on Wednesday closes above the falling wedge may give a good bull run till the major resistance ahead at 216.07. However, yesterday bull's before the market closes were weaker than expected, with price testing the 200 days MA and 50% fib retracement of...

William-trading Updated 

61.8% retracement of wave C will see if the price breaks or make. Now we are at a cross road.

William-trading Updated 

SPX 500 has a high chance of heading higher. Looking to long at rebound

William-trading

Mapletree log is on the way to complete the B wave and it is slated to move one final push ahead. Should the push is finalised at the supply level or 78.6% of wave A, there is a great chance that price will swiftly break below the rising wedge. Momentum analysis suggest that the (b)-(c) sub wave of B is showing signs of slowing bullish momentum as compared to A.

William-trading

Southwest has finally broke out of the falling wedge and with divergence in hand, we are looking at a immediate rebound to the 1st resistance level at 37.26.