Elliott Wave 2HR bullish projection for ES/SPY/SPX, expecting a ramp to 3942, while being cautious around 3875. A retest of 3810 should take us to ES 4000+.
BABA completed Wave 3 at a perfect 2.618 extension of Wave 1. BABA then completed an equal legs ABC to exactly the .618, this likely completes Wave 4 and I expect BABA to hit 330 by summertime as it completes Wave 5.
Expecting NIO to chop and gather energy before making a push to ~74 by mid-February.
Previous bearish projection saw the completion of a small correction. A rally completed what is likely Wave 5 of this impulse, this new projection sees a Wave 2 down, which would be in conjunction with the NQ and RTY short ideas posted earlier. Still overall believe we are heading much higher on ES/SPY/SPX.
RTY looking for a small leg up before a short-term correction.
ES appears to be in a ABC correction, wrapping up a small B wave will initiate a larger C wave down. This has the potential to be bottom before we ramp to ATH's.
NQ likely in a B leg up, will shortly complete and initiate a C leg down, expecting a large pullback here before beginning a run to ATH's.
Wave 3 extended a near perfect 161.8% of Wave 1, we're now in Wave 4, which is typically a complex correction. After an initial ABC down, we're now in a wedge pattern, which can either be an ABCDE corrective triangle or a leading diagonal impulse. There are two scenarios: 1. ABCDE corrective triangle is near completion and should see a rejection around 3590,...
Two scenarios: 1. Correction may have completed an ABC from September high's in the form of a 3-3-5. This is bullish and can take us to ATH's. 2. Correction may still be in the third leg down and moving up short-term in a smaller Wave B, this would be a WXY that would complete as a 3-3-3 with target of ~3150. Currently learning towards Scenario 1 but a large...
AMD has likely completed wave 2 through a 61.8% retracement of wave 1, this correction has also brought AMD to a major support structure. Volume profile and previous support/resistance tests show this structure is strong. Anticipate AMD beginning a Wave 3 upwards over the coming weeks. AMD reports earnings on 10/27 which can act as a fantastic catalyst for a powerful move.
TWTR is continuing its run after a gap-up post SNAP earnings. Conservative estimate puts TWTR PT at 52 early this week after which TWTR is likely to face a corrective wave down. This is likely to be a correction down to a demand zone at 46.2, after which, TWTR will resume moving up to start a larger Wave 5 up. TWTR will report earnings 10/29 after the bell.
TSLA has been in a corrective pattern since ATHs. Its been a choppy trade but the consolidation is coming to an end, forming a very nice triangle. We're ultimately looking for a break above the 456 level but early this week will be an entry opportunity that ends a minor Wave 2, beginning a Wave 3 to the break-out level.
10/16 end of day saw a .618 correction end wave one of a larger wave three. The bullish projection sees this as the confirmation of the next leg up, taking us to previous highs, slight pullback and then pushing new ATHs. This count is invalidated below 3420. A less likely bearish view can continue to pull us downward on 10/19, 10/20 with a target of 3150.
Anticipating BYND starting another move up, all signs point to a completed correction with a tight consolidation. Volume decreasing, tightening RSI and a tight TTM squeeze on the 1hr, 2hr and 4hr.
FISV has completed a complex, months long WXY correction. FISV set a double bottom, rallied and then corrected to 61.8%, completing Wave 1 of the next impulse wave. It's now consolidating price, RSI and momentum on decreasing volume. If FISV can break up out of this consolidation, price targets are marked accordingly. Per FISV investor relations site, FISV is set...
Short-term bullish until completion of the current impulse. Then watching the pivot to see a continuation down to complete the larger Wave 4 or start Wave 5 towards all-time-highs.
Personally hope this DOESNT happen but putting this out there so folks can get cautious approaching ES 3400. We're still in a larger Wave 4 here and will rocket to ATHs once this correction completes.
Complex correction, EW from 1W down to the 5m. Expecting a final leg down in AAPL to wrap the week, vicious rally on 9/28 or 9/29.