discobiscuit

discobiscuit

Comparing XAUUSD and XAGUSD, bullish counts. I have XAUUSD in wave 5 of (3) of ((5)), and I have XAGUSD in wave 3 of (3) of ((3)). Ideal targets for XAUUSD and XAGUSD are 3279.14 and 47.067, respectively.

discobiscuit

Comparing US30 and US2000, similar counts for both. Bulls see more higher highs and higher lows for the rest of the year. Counts invalid for US30 and US2000 below 39138.8 and 1992.7, respectively.

discobiscuit

Updated ETHUSD bullish count. I'm still looking for an extended wave (5) of iii, ideal target 8755.92. Additional/alternative bullish targets include median lines of drawn pitchforks.

discobiscuit

Short-term bullish count for ETHUSD. Let's see if price action can build on the impulse waves already present. Key support levels at white lines. It would be nice for 3036.36 to hold as support; otherwise, alternative bullish counts get a little messy.

discobiscuit

Bullish count for XAUUSD. I have two impulse waves from September 2022 low. I think the one in green is fairly straightforward, whereas the one in blue could be complete or altered, depending on future price action. It does not look like corrective price action is complete (I see a double-combo in progress), and a move back down below $2280 would seem the most...

discobiscuit

An analysis for bears, as median lines of pitchforks seem unlikely to be tagged. I like comparing the DJI and the NYSE; they both look similar in structure. The NYSA seems to have a "cleaner look" and (IMO) can likely be used to trade instruments going with and against the DJI. The move off the October 2022 low, while impressive, looks corrective. Both the DJI...

discobiscuit

Bear count for US30. Triple combo down from January 2022 high to October 2022 low for the ((A)), zigzag from October 2022 low to May 2024 high for the ((B)). ((C)) wave would be an impulse wave to complete the expanded flat correction, with bottom below October 2022 low. Looks like wave 1 of (1) of C is complete, wave 2 is at or near completion, stop at 40094.61.

discobiscuit

Bear count for BTCUSD, assuming equity market crash is imminent. Price action from Feb 2021 to June 2021 (expanded flat) would be the (A) wave of a larger expanded flat, whose impulse ended with November 2022 low (FTX collapse). Wave ((5)) completed in March 2024 completes impulse wave starting in December 2018, and it would also be a complete a larger impulse...

discobiscuit

My ultimate bearish count, which seems price action after November 2021 high as a large regular flat wave ii. Wave ((a)) of ii is a zigzag, wave ((b)) of wave ii is a regular flat, wave ((c)) would be an impulse wave down and likely complete below $1000. Wave 2 of ((c)) ends up being an expanded flat., wave 3 of ((c)) currently in progress. I believe this count...

discobiscuit

Bearish count for US500/SPX. This count is inspired by the possibility that the price action in the ellipse ends up being a regular flat. Price action off October 2022 low has not had the right look or feel in terms of a true 5-wave impulse. That is not to say that it isn't, or won't become, a complete impulse wave off the low when everything is said and...

discobiscuit

US10Y doesn't paint too rosy a picture for the cost of debt, it would seem. This count shows a truncated bottom at COVID-low, pretty clear impulse wave up from 0.505% to complete an A wave or wave 1. Wave B or 2 looks like a zigzag so far. If count is correct, the implications for the US economy would be dire, I would think.

discobiscuit

Bullish count for BTCUSD has price in wave 3 of (5) of ((3)). Looking for wave (5) to be extended, target 127112.14-136219.84. Key support at 56547.64.

discobiscuit

My bullish count for RUT has it in wave 3 of (3) of ((5)). Wave ((4) bounced off .382 fib pull from March 2009 low and November 2021 high. The median line of the pitchfork seems like a lofty goal/target. I honestly would be surprised if it gets tagged, and if it doesn't, that ultimately predicts the October 2023 low will be revisited eventually.

discobiscuit

My bullish count has US500 (SPX) in wave 3 of (5) of ((3)) of V. Pitchfork and .5 fib pull drawn from March 2020 low and January 2022 high. I'm looking for the median line of the pitchfork to be tagged to complete wave ((3)). Key support is 5191.40.

discobiscuit

Bull count for ETHUSD. I see ETHUSD in wave 3 of (5) of ((3)). I'm looking for wave (5) to be extended, with an ideal target in the 8755.92-9398.47 range. I would expect this wave to complete late 2024-early 2025. I also expect the median line of the pitchfork to eventually be tagged. Wave ((4)) would pull back significantly but stay above peak of wave ((1)) at...

discobiscuit

Lots of ways to interpret price action off low of 4963.50. This count interprets price movement as a regular flat. From low of 4963.50, there are two impulse waves (red and orange ellipses) with correction in between forming the ((A))followed by a correction (yellow ellipse) forming the ((B)). From 5022.25, you have a large five-wave structure forming the...

discobiscuit

It seems like the leading diagonal is playing out. My bearish count has BTCUSD in wave 3 of (3) from high of 71943.26. Key resistance level is now 64522.99. Key support levels at 60182.55 and 56547.64. Below 56547.64, .5 through .618 fib retracements would be next areas of support to look for.

discobiscuit

This analysis compares NDX, SPX, Dow Jones Transportation Index, and NYSE Index. This analysis assumes that the indices are highly correlated and at similar points in their larger Elliott Wave structures. This assessment views NDX, DJT, and NYA data as the primary wave 5 of SPX, whose data goes back into the 19th century. NDX, had an extra impulse wave to...