freeguy_by_wmc

freeguy_by_wmc

S&P500 (SPX): SP:SPX Swimming against the current with our analysis, we still see a very plausible scenario in the S&P 500. There are multiple scenarios at play, each with its own significance. Our primary scenario posits that we've completed Wave (5) and the first cycle at $4,818 points, now embarking on a Wave II. We've likely finished Wave (A) and soon...

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IOTA (IOTAUSD) : BINANCE:IOTAUSD Analyzing IOTA , a cryptocurrency that saw a significant decline following a successful bull run, losing up to 94% of its value, we're now eyeing a potential 800% increase from its all-time low. With the completion of the overarching Wave II at 13 cents, we anticipate the start of a bullish cycle. Having wrapped up the...

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Litecoin (LTCUSD): BINANCE:LTCUSD For Litecoin , the analysis starts from December 2018, focusing primarily on the activity from 2021 to the present. It indicates that the major Wave II concluded at $41.60, and currently, Litecoin is in a major Wave III that is expected to exceed $413, representing a potential increase of 450%. This projection is based on a...

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Cosmos (ATOMUSD): BINANCE:ATOMUSD For Cosmos (ATOM) , the analysis begins with the correction phase that concluded around $5.65, following the first bull market. Since this point, Waves (1) and (2) in blue have been formed and completed, with the local high of Wave (1) at $17.16. This correction was a three-part downward move ABC. Upon closer examination,...

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Porsche (PAH3): XETR:PAH3 Our analysis of Porsche Automobil Holding focuses on the stock's price movement since the lows during the COVID-19 crisis at 28.48 EUR. Since then, Wave (1) in blue has expanded to 102 EUR, currently serving as a local high. Subsequently, a remarkably unusual and complex Wave (2) has been observed, which appears atypical at first...

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German DAX Analysis Taking another look at the German benchmark index, the DAX XETR:DAX , our scenario remains unchanged. If we don't breach the 18,000 EUR mark, we anticipate continuing with Wave IV, which is expected to range between 10,000 € and a maximum of 7,500 €, depending on the potential overshoot of Wave (B). This scenario will be invalidated...

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General Motors (GM): NYSE:GM General Motors has been added to our portfolio, starting our chart analysis from the COVID-19 low at $14.33. Since then, we've developed an overarching Wave (1) in blue and have also already completed Wave (2) at $26.30, characterized by an Expanded Flat and Zigzag correction. We are now in the midst of the overarching Wave (3),...

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Visa (V): NYSE:V Visa , a key player in the financial sector, is currently in the overarching cycle of Wave (5). It appears we've concluded Wave (4) at $174.60 and are on the path to finalizing Wave (5). However, this process will take some time, as we are now in a subordinate Wave 3, which is on the verge of completing a circled subordinate Wave...

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Let's examine the daily Bitcoin BINANCE:BTCUSDT chart to identify potential developments. There are several scenarios that we need to consider now! 1️⃣ Firstly, we have the possibility that we are still moving inside of our Wave 4 (in red). In this case, we need to ensure that we go beyond the 61.8% level at a minimum to gain more clarity. 2️⃣...

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Taking a glance at Cardano BINANCE:ADAUSDT within the daily timeframe, we observe that Wave 1 and Wave 2 (in red) have already been completed since the beginning of 2023, and it appears that teh red Wave 3 is now also finished. Yes, I acknowledge that Wave 2 has minimally fallen below Level C – thank you for pointing that out. Our entry point at Wave 4 at...

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Cardano #ADAUSD Since we initiated our position in Cardano (ADAUSD) BINANCE:ADAUSD , we've seen a 27% increase, positioning us within what appears to be Wave 5. Consequently, we're anticipating an uptrend, though not as significant as what we've observed with Solana. It's crucial to remember that all assets progress through different cycles, even within...

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Cardano emerges with a distinctive journey. Having sculpted Waves 1 and 2 within a Flat structure, the focus now shifts to the probable completion of Wave 3, reaching a potential range between 227% and 261%. Anticipating the onset of Wave 4, we pinpoint a pivotal zone between 50% and 61.8%. A breach beneath this range would jeopardize the entire scenario,...

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As we have seen some interesting earnings with ourperforming assets like NASDAQ:META , NASDAQ:NVDA or NASDAQ:MSFT , our focus turns to Goldman Sachs Group NYSE:GS on the daily chart! Zooming out, we observe the completion of the higher-degree Waves III and IV, finalized at $290, marked by a Triangle where Wave E broke to the downside. Subsequently, an...

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Let's take a deep dive into the Polkadot BINANCE:DOTUSD 2-hour chart. We may have already completed Wave (2). However, there's a possibility of a further descent to the 61.8 or 78.6% retracement levels. This wouldn't be surprising, given that it's quite brief for a Wave (2) in the time-based Fibonacci zone. Despite this, the overall chart still appears...

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Examining Microsoft 's NASDAQ:MSFT 2-hour chart , we see the end of Wave ((v)) at $415, coinciding with a challenging earning call. Currently, we expect short-term support at the Wave ((iv)) level, around $364, and aim to stay above the 61.8% mark of $349. 📉 As we're potentially starting a long-term Wave II, we anticipate finding initial support without a...

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The Walt Disney Company NYSE:DIS , a subject of much discussion due to its corporate policies, is under our lens today. On the grand scale, specifically the 3-day timeframe, we observed the conclusion of Wave (4) with the onset of the pandemic, followed by the completion of the first cycle at $203. Currently, we seem to be finalizing a significant Wave II -...

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We're eyeing a particularly interesting chart: Polygon BINANCE:MATICUSD . On the daily chart, we're observing a very discernible cycle. While we've certainly seen very impulsive upward and downward movements in our last bull market, we've been convinced since the summer of 2022 that we completed a downward correction and have since developed a Wave (1) and (2)...

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Tesla's chart remains intriguing, particularly on the two-hour time frame. It's evident that we've experienced a Wave 1 structure after hitting the low at $194. Following that, a Wave A unfolded with a three-wave structure (abc), followed by another B with an overshooting flat pattern (abc). My current belief is that we're still in the process of forming Wave C...