btwice53190

btwice53190

Falling wedge breakout on the daily w/ volume. Next PT in my mind is above the POC at ~40 a share. Right now it appears to be putting together a wave 1 impulse, so I will be looking for that to complete and then make my entry on the wave 2 pullback

btwice53190

Bulls - you need to get this thing above that ATH AVWAP and downtrend resistance. Get this thing up to 445 and that bottom is in. From 445 we will be seeing a 3 wave move down for a wave 2 and that will be a BTFD moment. ATH's will come quickly after that bottom because we will be hitting the wave 3 rocket boosters. Right now both bull and bear count could be...

btwice53190

Very eventful week will be coming up. Did the bears win again at the downtrend and the avwap resistance? Could be, they appear to have rejected it again. If the bears win this fight we could see ~420 here in the upcoming week.

btwice53190

Hey Guys So the last few days I have put up the bear counts. Basically the bear count is that right now where I have a iii labeled, its actually a C, and we are about to get rejected and flush down to the real wave 4 bottom at the 422 area. Essentially we will follow the red arrow on the next pullback. WE ARE STILL IN THE CAUTION ZONE , REMEMBER THAT But,...

btwice53190

There you have it, looks like we are about to go down for a 2 and then be in a 3 of 3

btwice53190

Guys - bears appear to be winning on this one. After this sell off I think this count could very well be in play. Instead of a 5 wave impulse ABC move, it could be that we just completed and ABC, but with this sell off it looks like it wants to complex correct, AKA in wave theory that is a 7 swing structure - WXY. We retraced to the 61.8%, a common spot to...

btwice53190

Here it is. If we follow what ES is showing then we had an overthrow for wave b, which exceeded 5. Now we are in flush mode for the last leg down. If this is what we are following we should know maybe by Friday. I doubt this flush is going to take too long. We will find bottom before OpEx, no doubt in my mind Note: I dont normally check comments on here. If...

btwice53190

Guys - my spy count yesterday said that we could have been in wave a, of wave abc. Which would mean that today is a wave b, and then we should see more upside for wave c taking us to the downtrend caution area. I wanted to put out the futures count because as you can see here it is possible that the abc is already complete and we are in the final wave down. ...

btwice53190

Same as yesterday. We are following exactly what was shown We tagged our 5 and we appear to be in the rally for wave a. It appears that we will flush for B, rally for a C to the "caution zone" (red circle). Remember that area has 2 Downtrend lines bulls have to break and ATH AVWAP. Not good for bulls. Bulls: You need to make that "b" into a wave 2 and...

btwice53190

Hey Guys Normally when I trade gold its via options on GDX. Someone asked me to look at my take on gold so here it is. We are still looking for a wave 2 bottom and I am seeing us as having finished off wave a of our final wave Y of Wave Y of wave 2. We are in this massive falling wedge structure as well and I am not seeing any RSI divergence on the daily (saw...

btwice53190

Hey guys, hope everyone survived the bath today. Looks like we went a little lower then expected. I thought we already were in the relief rally wave A, but it appears that we were still in the zig zag. As of now this appears to be the highest probability of what we will see over the next week or so before the next leg down (no I dont think it is over yet)....

btwice53190

Hey Guys, got a request to update PLTR so here it is. If not for the mixed shelf news Friday I would consider labeling this correction as a simple zig zag already near completion. In that case the (i) would be an (a) and the (v) that we are nearing would be a (c) and our correction would be close to complete. THIS IS A POSSIBILITY. SO THE BULL COUNT SAYS THAT...

btwice53190

Guys - this thing is going to absolutely shred on the next leg up. All dips here are a buy (with time because market flushes will make this drag out). What I am seeing is a nested WXY move looking for our wave 2 bottom, and then rippy mode will be engaged. Dont be late to this parade is my recommendation. Enter on any dip and just hedge appropriately incase a...

btwice53190

Bears - this is the one to short upon entry of the green channel. This thing is weak. Although the 3 wave to the upside will occur, any rejection and the Q's are going to drop faster then spy, iwm , or dia. So this is your huckleberry. Bulls - not sure you have a shot here, but I could be wrong like I was last weekend. You need to get some buying strength and...

btwice53190

Last weekend I was leaning bullish - ultimately I was wrong and we went the bear route. So where are we going? Well, as expected we bounced hard Friday. The divergence was the first sign that we would see a relief rally. I think now we are going to see a choppy three swing to the downtrend line - which also is the 61.8% retracement off the last impulse to the...

btwice53190

To me it appears BA continues to put in a series of 3 wave moves and soon it will break out of the symmetric triangle and rally to over 240 again. From there I expect a pullback to retest the uptrend line and last pivot low AVWAP, before rallying to back above 260. The apex is 10/22 for this, although I expect the breakout to happen this week. Option call...

btwice53190

Thought I would take a minute to share my spy count. We are looking to bottom for wave v of A of the final leg down Y. We likely will be finding support soon (see divergence on RSI), also tech looking like it wants to relief rally. I expect us to rally up to the downtrend line again ~438ish where we will get rejected, again. That should then be the final leg...

btwice53190

Well after yesterdays flush we have now blown past invalidation on bull count sending us spiraling into a deeper WXY correction. Right now we are finishing off Wave A of Wave Y. We blew past the 23.6 retracement today as well, so next most likely spot for bottom is the 38.2 which is in the low 350's on QQQ. Right now we are looking to string together a 3 wave...