andrewyu02

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 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