andrewyu02

andrewyu02

a 5 wave diagonal move can be counted and may be finished. The bearish divergence on the daily RSI also indicates that price is losing momentum and could be turning around soon. If a top is confirmed, look to $24.36 and $22.07 for price support (0.382 and 0.618 retracements respectively)

andrewyu02

Possible completion of an ABC corrective move on the weekly timeframe RSI divergence can be observed strong weekly candle close above previous weekly lows

andrewyu02

Maersk is potentially bottoming and forming an inverse head and shoulders. Price has also retraced to the 0.618 retracement of the move up from end of March. PT: 13380, 16180

andrewyu02 Updated 

Price has fallen to the 61.8% retracement where it could potentially find support. forming an inverse head and shoulders, and recover into the 61.8% retracement of the larger move down from ATH.

andrewyu02 Updated 

Li auto is likely nearing the end of a corrective ABC move and is currently a wave 4 in wave C. Wave 5 of C should ideally take price to the $21.50 level which is the 0.618 retracement of the move up from the Oct 2022 lows. Should price reverse from here it is likely that the correction took the form of a WXY move where wave Y has 3 waves, instead of an ABC move...

andrewyu02 Updated 

We can now count a very nice 5 waves move up from the Dec 2022 low. While there is currently no sign that price has topped, it has hit a major monthly resistance level at around $26.50. Confirmation that a correction has begun would occur when price breaks below the ascending trend line. Should a correction take place in the coming months, price should at least...

andrewyu02 Updated 

SBUX looks set to start a wave down to around $83 after a sideways ABCDE correction: - 1:1 extension of the move down from 16 Nov 2023 to 17 Jan 2024 - 1:1 extension of the larger move down from 1st May 2023 to 3rd Oct 2023 - $83 is also strong support from previous consolidation in 2022

andrewyu02

ARM may be finishing up its 4th wave in an ABCDE correction. Confirmation that the 5th wave has started would be received with a close of the candle above the descending trendline. The 5th wave would potentially target the $200 level. This idea will be invalidated should price break below $121.49.

andrewyu02 Updated 

ROG has experienced a 5 wave decline visible on the weekly timeframe. We can now expect at least a 3 wave corrective rally that can potentially reach the golden pocket at $332

andrewyu02 Updated 

NTES looks to have completed a 5 wave move up from the Oct 2022 low, and is now coming down in a wave 2, in which waves A and B have been completed. Wave C of wave 2 is likely to reach and bounce from the previous resistance zone between $74 to $71 with $71 coinciding with the 0.618 retracement level of the 5 wave move up.

andrewyu02 Updated 

- 5 wave move up from 12.93 should now be complete. wave 2 target lies around $48 to $50. - to short in wave A of wave 2, look for entry at the 0.618 retracement of the latest move down at around $73. - Target for end of wave A: $64, then $60

andrewyu02

After having completed 5 waves up from Sep'22 to Jul'23, EUR/SGD is coming down in what is likely a corrective ABC move, in which the A wave and B wave (in the form of an ABCDE correction) are already complete. A C wave is now due which would ideally take the rate down to the 0.618 retracement of the 5-wave move up at 1.416 SGD per Euro.

andrewyu02 Updated 

Scenario 1: - Wave 4 complete. 1-2 setup of wave 5 complete - Confirmation with candle close above the descending curve and above 375.77 - Target: $391.50-$400 Scenario 2: - Wave 4 incomplete. Move down was just an A wave and we are now in wave B to be followed by a wave C - Target: $360.38 - $350.60