bamdadsalarieh

bamdadsalarieh

Hi traders, Overview: lets review the update of July 3rd and my expectation on that review: "The breakout of the the downward trendline is very important and can happen on Tuesday. I consider the 150 supply zone as a potential target for this wave x, which is also the 0.414 retracement of y." Update: the overall count is still the same. The only change is...

bamdadsalarieh

Hi traders, Overview: its been a while that the price action has matched our expectations perfectly. As usual, lets review our expectation on July 7th update: "I see us in III of (a) of y of X. Potential targets for this wave: 3940-3950." Update: I see wave III of (a) of y of X complete and it fell a bit short of the target I set (3922 actual vs 3940...

bamdadsalarieh

Hi traders, Overview: Lets review our expectation from July 3rd update: "currently, I see wave y of X in it's early stages of development. For now, I am considering the 4100-4200 range as a target for this wave, which is also the point of control of wave Y". Also yesterday's update: Today's Update: I see us in III of (a) of y of X. Potential targets for...

bamdadsalarieh

Hi traders, Overview: lets review the update I published to my previous idea today early morning, which is still in play. There is nothing much to update on this count.

bamdadsalarieh Updated 

Hi traders, Overview: lets review our expectations in the last few updates: 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 different targets for this wave X such as 4170 range or 4300...

bamdadsalarieh

Hi traders, In this post, we are going to take a look at the AMD chart. From the all-time-high of Nov. 30th 2021, AMD has completed 2 zigzags as waves (W) and (Y). 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...

bamdadsalarieh

Hi traders, We are going to take a look at the Tesla chart in this post. From all time high of Nov. 2021, we have developed a giant flat correction, with legs (A) and (B) (also a flat) being completed and 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. A potential target for the...

bamdadsalarieh

Hi traders, We are going to take a look at the Apple chart in this post. From Jan. 4 2022 high of 182.94, Apple started a zigzag as the first leg of correction, then had a flat correction for wave X, and on Jun 16th, I believe it completed another zigzag as the second leg of correction. Right now, we are in the process of developing the second wave X. The...

bamdadsalarieh

Hi traders, Overview: lets review a note on my Jun 24th update: "Remember, the next wave to develop is wave X, which is a correction inside a correction, so it should be really tricky to count. We can consider several different targets for this wave X such as 4170 range or 4300 range. For now, I am considering it as a zigzag development, but it can be developed...

bamdadsalarieh

Hi traders, Overview: lets review our expectation that I published on my June 26th update: "lets look at the hourly chart, where we have completed waves I, II and a of III so far. Same as my ES update, wave b of III is going to retest the broken channel of wave I, probably to the 12000 zone (11974 is 0.333 retracement of wave a)." Today's Update: I see wave...

bamdadsalarieh

Hi traders, Overview: lets review our expectation that I published on my June 25th update: "I see wave III being developed, with its wave a near completion. After the completion of waves 4 and 5 of a of III as shown on the hourly chart, we see a pullback to retest the broken channel of wave I as b of III and then continuing higher," and you only need to hit the...

bamdadsalarieh

Hi traders, Overview: this is my first post of NQ daily Elliott update series. After careful examination of the structure and ratios between the waves, I am considering the scenario that from Nov. 2021 highs, we have completed a zigzag so far as W. Since May 12th 2022, we have started a complex flat correction as wave X with its B also developed as a flat....

bamdadsalarieh

Hi traders, Overview: We concluded that the bottom is in for wave X up. Lets review the Important Note I provided in my previous update: "if this count is actually playing out, following a retest for wave II, we should see a strong bull rally as III of (III) breaking up through the channel" and this is exactly what happened. Today's Update: I see wave III...

bamdadsalarieh

Hi traders, Overview: As described in my last analysis, this pullback initiated from June 17th lows took so long and travelled beyond the targets I could consider for subwaves of c of Y. My past two analysis has been both invalidated. I believe what matters in trading is not about being always accurate, but its about not remaining in a wrong direction for...

bamdadsalarieh

Hi traders, * Yesterday's published idea: we expected b of (V) being completed and a flush coming to new lows to complete Y. However, there was some mislabeling in my count; it is always tricky to count corrective moves, especially on such a low timeframe. * Now, what do I see? honestly, this corrective move initiated from the most recent low (June 17th) took so...

bamdadsalarieh

Hi traders, First, let us look at our count and expectation in the yesterday's update: the expectation was a corrective move up to 3807.5, which happened as expected, only falling a bit short of the final target. Now, what do we expect to happen from this point? I see us beginning wave c of (V) of c of Y, as shown in the hourly chart: What are the targets...

bamdadsalarieh Updated 

Hi traders, The price action did what I outlined in the update to my last post. Now, 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. The second zigzag Y was also formed in a nice downward channel. 4-hour view: As you can see, we have...

bamdadsalarieh Updated 

Hi traders, As published in my last update, we were expecting this rally to start leg (c) of flat. Here I share the daily view again for your reference: Now, as shown in this 15min chart, we have completed waves (1), (2), (3), and (4) of A and we will soon complete (5) of A of 1 of (c) of b . I see 3853.25 as a potential target for this wave (5).