bamdadsalarieh

bamdadsalarieh

Hi everyone, This is the first post of my weekly updates on NVDA. Since ATH of November 22nd, 2021, we have initiated a correction in the form of a triple zigzag. So far, we have completed the first zigzag (w), the first wave x, and second zigzag (y). Currently, we are near the completion of the second wave x. Lets look at the hourly chart: We can see that...

bamdadsalarieh

Hi everyone, Overview: lets review the update of last weekend: "we were almost perfectly accurate noticing the bottom. As I mentioned in that update, now that we have some part of wave (X) developed, we have an idea of what form of correction is in play. Wave (X) is developing as a double zigzag , with W and X complete. Right now, we are in wave (III) of a of Y...

bamdadsalarieh

Hi everyone, Overview : since July 3rd, aapl has followed my expectations perfectly. Update: we are in wave 4 of c of (y) of x.

bamdadsalarieh

Hi traders, Overview: From July 3rd, we expected tsla to be in a triangle and based on the structure of each leg, we could predict most of the moves accurately. The only thing to note is that on July 21st, we broke out of and invalidated the triangle. Update: I am considering a double zigzag structure for wave IV . Right now, we are in wave IV of (c) of IV .

bamdadsalarieh

Hi traders, Overview: In this weekend review, I am going through a summery of my thinking process/expectations through the past week: July 16th: "Even if my triangle count is invalidated, the other possibility is that wave X is a flat. So, we are in leg c of flat right now, completing its wave 1, and then what follows is wave 2. You can see that in both...

bamdadsalarieh

Hi traders, This is going to be a very short update, since there is not much to change on the count. I see wave X approaching its completion, most probably by end of Monday. We need more subwaves to develop to decide on precise targets for wave X peak, but I am considering the 4040-4060 range for now.

bamdadsalarieh

Hi traders, Overview: lets review our expectation published yesterday: "I am now considering wave X as a flat. Waves (I) and (II) have been completed, with wave (III) currently in play. I see wave X reaching the top of the bullish channel (blue lines) as a potential target." Update: there is not much to update as the price action followed our count...

bamdadsalarieh

Hi traders, Overview: first of all, my triangle count was invalidated today. However, it was not unexpected in our plan as stated on July 16th review: "please remember the most important point is to catch the daily move in the right direction, while my general perspective has been generally accurate. Even if my triangle count is invalidated, the other...

bamdadsalarieh

Hi traders, Overview: lets review my yesterday update: "I am considering the same scenario: triangle as x of X. Leg (d) is near completion, what follows is leg (e) to the 3740 support zone. Then, we will have the rally as wave y of X." and "You can see that in both counts, we expect a pullback to at least 3800 area." Update: today's price action perfectly...

bamdadsalarieh

Hi everyone, Overview: lets review my expectation on the update of July 4th: "From this point, I am expecting a rally to retest some portion of (Y) and then the final leg down as another zigzag , wave (Z). We need to wait for wave (X) to develop its initial subwaves to come up with an idea of its potential targets." Update: we were almost perfectly accurate...

bamdadsalarieh

Hi everyone, Overview: the exact same scenario that I outlined on aapl on July 3rd update is still in play. Update: so far, we have completed the first zigzag (w) and wave (x). Right now, we are in wave 3 of c of (y) of X.

bamdadsalarieh

Hi everyone, Overview: Since July 3rd, I proposed that Tsla is in a triangle as wave IV of leg (C) of flat correction from ATH. Update: Right now we are in leg (d) of this triangle, which is developing as a zigzag.

bamdadsalarieh

Hi traders, Overview: In this weekend review, I am going through a summery of my thinking process and analysis since June 17th: June 17th: "I see us completing wave Y (second zigzag ) soon, most probably by end of today. What comes next is another wave X and then the third zigzag , Z to the actual market bottom." June 24th: "We can consider several...

bamdadsalarieh

Hi traders, Overview: in my last update, we expected leg (c) of triangle being done and leg (d) started. Update: it seems we were a bit early on the expectation that leg (c) is finished. Yesterday, the market formed the bottom of leg (c) and started leg (d). I see this leg developing as a double or triple zigzag, with the first zigzag (w) completed so far.

bamdadsalarieh

Hi traders, Overview: lets review yesterday's update: "Right now, we are in wave (c) of x of X. The price target for wave (c) is the horizontal support area of 3744." Update: the price action matched our expectations perfectly. Today, we saw leg a and b of (d). Tomorrow, I expect leg c of (d) to develop to the 3885 zone.

bamdadsalarieh

Hi traders, Overview: yesterday, I proposed a new count/structure for wave X. Lets review: "I think wave x of X is still in process and not yet complete. It is developing as a triangle and its waves (a) and (b) have been completed." Update: today's price action increased the probability of this scenario. Right now, we are in wave (c) of x of X. The price...

bamdadsalarieh

Hi traders, Overview: if you followed my previous updates, you know that we are considering the whole 2022 correction as a triple zigzag (WXYXZ), where waves W, X and Y has been completed and we are in second wave X at the moment. Further, since the first X wave was developed as a flat, we expected this wave X to develop as some form of a zigzag. Up to this...

bamdadsalarieh

Hi traders, Overview: lets review my expectation on July 3rd update: "currently we are in wave 4 of leg (C). I see wave 4 developing as a triangle, where waves d and e are yet to be completed." Update: I am now making a slight change to my tsla count, where I am considering an ascending triangle developing as wave IV instead of a symmetrical triangle.