KNC tried to push above the key high and selling pressure dominated price down. Opened a short on the sweep just below the daily close below of the key high and swinging short to fill in those imbalances.
BTC looks to have had a change of character in the lower time frame. Looking for bullish continuation for the short term before moving down harder.
Minor wave 1 looks to be completed. Playing a short on FTM on the retracement and swinging Long on the key levels of Wave 2
Using the channeling method, We may be near the completion of a wave 4 correction. Looking for confluence on the bottom channel to extend onto wave 5
Currently in a correctional wave. Its very easy to be blindly bullish - especially with recent price action. What goes up must come down again before going up again. Looking for major wave X to complete before it goes down.
AXS looks to have completed it's bearish impulse move with wave 5 (Feb 7-Feb 23) being confirmed with 5 fractal sub waves being counted inside. Waiting to see how the market is on Monday before picking up this setup but I'm watching for bids around $46-47.
Algo has been in a corrective sequence for some time. Still possible we are still correcting 5 waves were counted inside the triangle - a good indication that we may see a breakout
ZIL may have finished a three wave (ABC) correction. Currently looking for up from here.
ADA is currently on its last wave of an ABC correction. C consists of an impulse move downwards. Currently, we are on the last wave of that correction move before we move up again.
LUNA has broken out of gartley pattern . Looking for a retracement of around 50% for a 15%-20% gain
The first correction that happened in May 2021 marked the first ABC of this correction sequence. Intermediate Wave (W) consists of a subwave WXY. Wave Y consists of another WXY pattern (which explains the insane choppiness of price action from May 19,2021 - July 20, 2021) Intermediate Wave (X) is pretty straight forward and consist of a ZigZag ABC...
Using the channel method, I was able to identify a possible impulse cycle. MSFT is currently moving on a wave 4 retracement and will likely touch our buy zone (the rectangle)/bottom of the parallel channel before making a final leg up.
ETH seems to have created a double three correction pattern. (WXY) W and Y being sub WXY patterns. Currently, ETH is in a triangle formation that would be subwave X of the final leg of this correction pattern. Currently forming a triangle that may incur a fake breakout and ultimately dump down to the Low 2000s to mid 1000s
ETH could be in a possible double three corrective sequence. Currently, we are in a triangle that may test the resistance at around 2900 before breaking down to low-mid 1000s. Correction may not be over yet and we may still have a chance to pick a bag up.
MSFT is currently experiencing a pullback that may be approaching closely to a buying zone.
Spent a great deal of focus figuring out the pattern of the chop on INTC. Let me know what you guys think!
Seeing that we may have one more leg up before seeing a drop down to our demand zone
Massive bearish impulse wave. Currently on a wave 4 correction and we will likely see a break down.