discobiscuit
UltimateBullish analysis for XAGUSD has price in wave 5 of (3), with price target of 47.441 for wave (3).
Bullish count for XAUUSD has price in wave 5 of (3) of ((5)), with target of 3279.14 for wave ((5)).
Complete bullish count for NAS100, starting at March 2020, has us in wave ((1)) of v of (iii). Target is 26845.9.
Bearish case for US500. With UVIX going below lower lows on August 15, and US500 going above 5566.2, I think the case for 5673.5 being a long-term top is out. This count still sees price action from October 2022 low as corrective; however, with ((1)) longer than ((3)), this count imagines a large ending diagonal playing out, with price action currently forming...
Bearish count for BTCUSD. It imagines that we have completed an expanding leading diagonal A wave, a zigzag B wave, and would now expect an impulse C wave with projected target of 23188.38. This C wave has a leading diagonal wave (1) of ((1)) of C.
Bearish count for BTCUSD; I would say this is contingent on equity top at or near completion. What a chop-monster since March 2024... this count envisions an expanding leading diagonal ((A)) forming. While this count may not be the most likely, it does provide a low-risk/high-reward opportunity to the downside. If price gets above 68926.01 but 71939.10 holds as...
Bearish case for US500/SPX: I see two impulse waves (red ellipses) and two corrective waves (green ellipses). The second green ellipse looks like a regular flat. Key pivots marked in white. I would say that as long as price remains below 5587.7, preference is to be short.
Comparing bullish counts for US500 and NAS100, as they seem to be at similar points in their primary wave structures. I have both charts in wave 5 of (3) of ((5)). As of right now, I'm relying more on US30 and US2000, in terms of further rallies before wave 5 is near completion. NAS100 came very close (but did not officially tag) to its pitchfork median line,...
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.
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.
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.
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.
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...
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...
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.
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...
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...
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...