btwice53190

btwice53190

Friend put this on my radar... bottom is in. Wave V PT of 120 range by mid 2022. Primary 1 PT at the 200 day/ ATH AVWAP above ~65 a share. after that sizable dip before the real run.

btwice53190

next dip will be a wave 2, it will be the dip to buy with first PT 77.

btwice53190

Kept the chart the same since last time. We got our falling wedge breakout as expected from last time (green arrow) I expect us to follow the path drawn. BTD

btwice53190

We should be seeing a general market pullback here soon, maybe this week or OPEX week. From there AMZN is going to go on an absolute tear. Bullish above 3172 and 4k is coming. Below 3172 then this correction isnt over and amazon could be seeing 2900's again. IMO - BTD with 2 hands

btwice53190

As expected CRWD is pulling back for wave 2. I am going to take a starter position here w/ time (I wouldn't touch anything earlier than Jan). Def could still see more downside on this one, but I will risk accordingly and look to go full position if it heads lower. Potential bottom spots: anywhere in this area or if we head lower then likely at the TL around...

btwice53190

We have already technically now seen a clear 5 wave move since the covid low. Even though this isn't my favored structure (wave 5 is not extended and would be smallest wave) it still is possible. If this scenario plays out the next top will not be a local top, it will be a major top as we will then be seeing the decline back into the 300's. Note: this is not...

btwice53190

This is what I have for basically the Ultra Bull case. We will see an ending diagonal for this wave 5 and if we extend similar to wave 1 and 3 ~ 130 pt gain, we could see 550 being the top and it would happen somewhere around June of next year. Note: the last 2 previous primary wave 5's did extend, so this is entirely possible. In this scenario the next local...

btwice53190

As promised - here is a grand overview PT 1 I am seeing us as being in a cycle wave 1 of a supercycle wave 5. I see the 2009 - 2011 peak as the last cycle wave 1 which had a measured move of 105% before correcting for cycle wave II. So far in this cycle we have a measured move of 110%, so we could honestly be topping at any time. Need to stay nimble. If we...

btwice53190

GS appears to be in the minor wave 3 of intermediate 5 of primary 1. After this last extension we will be topping for a primary 1, and a large drop is likely to occur. This lines up with the overall view that soon the indexes will also be coming to a wave 5 top. This could still extend for quite some time, possibly even tag 500, but the divergence here...

btwice53190

A lot of people talking about TTD. I wont trade this before earnings, but here are 2 potential paths and both aim up to me (one goes lower first). If TTD launches after earnings then I would buy the breakout of the downtrend line If TTD flushes then I would be a buyer in the bear count red circle zone. The green arrow is potential bull path Red arrow is my...

btwice53190

Hey guys Here is my IWM count. As I have tweeted about all week, I favor IWM tagging lower 220ish area before ripping. It failed the attempted break out and now we are putting in a 3 wave move to the downside. The 100 extension lines up perfectly with the 61.8 retracement, so that is my target zone for the bottom. After that, full steam ahead. I would be...

btwice53190

Hey Guys Here is a wave count of what we could potentially be seeing with spy. It is basically a massive leading Diagonal. We are still in potential wave 5 top caution area for this count as well. I have a potential target area of 461-465. I would expect us to get there early next week. Similar to QQQ - this is the only count I will be putting up as I think...

btwice53190

There appears to be NOTHING that can deter this market. I am not even going to bother with a true bear count anymore, because my favored count is already what I think is the bear count (entering wave 5 - higher 1 territory - 60% retrace coming). Over the top bulls have us extending with QQQ into 400, and I just dont think that will happen on this leg up, it will...

btwice53190

Shopify is consolidating tightly in a symmetric triangle w/ apex @ ~ 12/16. Based on my wave count it appears that it is looking to put in its final primary impulse to ATH's which will complete the cycle wave V of super cycle wave V. Meaning that after this last hurrah we likely will be seeing a very substantial decline (potential line up with bear market? I...

btwice53190

Wave theory may have this pegged to go lower (which aligns with market right now), but holy crap this weekly chart looks good. Sq had a failed breakout this week, but for now is still surviving the 30 week MA backtest. When this one breaks out it is going to fly. Vol shelf support and Avwap pinch, this thing could get legs this week if market conditions permit

btwice53190

If bottom is not in for 4 yet we could continue to flush down closer, possibly even kiss, the 50% retracement. This is why I stress to not take a trade until breakout

btwice53190

Positive signs - Volume shelf (purple line), covid low avwap , and 50% retracement support all in same area. Bounced off falling wedge TL and now we see an inverted hammer inside bar on the weekly. RSI has hidden bullish divergence and decreasing volume while declining in price Negative sign - macd not curling yet, but this may happen on the upper TL...

btwice53190

I got a request to look at MU a bit ago, and it just came up on my weekly inside bar scanner. It appears to be looking for bottom for what could be a cycle wave IV. We are nearing the 50% retracement, so it is getting close to decision time. The 50% retracement sits at 64.1, and the cycle wave II avwap (covid low AVWAP) sits right at a similar level (notice the...