kalio5

kalio5

Hi Everyone, Just to share my weekly forecast for the US100. Overall, I think we have recently completed a diagonal wave 5 of Wave A. The diagonal is supported by 5 waves, and a "throwover". (Additionally, we are resting on daily 50 moving average, where typically we would expect a bounce). During the next 1-2 weeks, I think we will see a B wave form towards the...

kalio5

Hi everyone, Just to share my forecast for the Nasdaq 100 over the next couple of weeks. Though I think there will be further lows in the mid-term, I expect a near-term bounce to around 11.8k (38% Fib retracement). This is based on Elliot wave count wave ii of C, which I think is currently taking place. Additionally the MACD appears oversold on the daily...

kalio5 Updated 

Hi Everyone, Just to share a near term forecast for September month. To summarise: -Short-term bottom expected around 11.6-11.8k range to complete Wave I of C, with the completion of wave v. -Expect a correction to at least 12.4k to complete Wave II of C. -New lows expected with Wave III and V of C, thereafter. This analysis is invalidated if prices exceed...

kalio5 Updated 

Hi everyone, Just to share a near term forecast for the Nasdaq 100, where I expect the price to fall to near 14.55k within the next day. This is supported by: 1) Wave C projection: 100% of Wave A 2) Wave iv-v (C) projection: 50-61% of wave i-iii (C) 3) MACD: near prior inflexion point on 1hr time frame I expect this to be strong support, and price to then test...

kalio5 Updated 

Hi Everyone, Just to share a very near-term forecast for Bitcoin, and an update to the prior BTC projection. I expect a correction to around 38k region (42k minimum) within the next few days, and this is supported by: 1) Internal Fibonacci at 50% reached. 2) High MACD with recent divergence. 3) Potential completion of B wave (or subwave a of B wave). However,...

kalio5

Hi Everyone, Just to share a near-term forecasrt for CHR coin. It appears that this is currently completing the D wave to complete the Gartley Pattern. Assuming this is the case the near-term forecast is for this to break lower. This analysis is void if new highs are made, and it should be noted it ignores coin fundamentals and correlation to bitcoin. Good luck!

kalio5

Hi everyone, Just to share a near-term forecast for the SP500. Overall I think we're close to the resistance level at 4370, and a short-term retracement. This resistance level is supported by the completion of the wave v (100% of wave i-iii), and also corresponds to the 161% external retracement. Good luck!

kalio5

Hi Everyone, Just to share a near-term forecast for ETC. I think we've recently completed 4 sub-waves and entering the 5th Elliot Wave currently. Based on this, I expect the 5th wave to reach at least to 67USD. This corresponds to both the 24% internal Fibonnaci retracement on the higher time frame, and also close to the 61% extension of Wave i-iii. However,...

kalio5 Updated 

Hi everyone, Just following the news of the Virgin Galactic flight, I thought it may help to share potential levels where price may reach resistance. There will likely be a lot of buying this month in anticipation of the flight - therefore my gut-feeling is we should see a new ATH, and a price between 80-100USD. If you think something different, please do leave...

kalio5 Updated 

Hi everyone, Just to share a near-term forecast. I think that SPCE (Vigin Galactic) will find support around 42, before it bounces. This is supported by: 1) trend-line support 2) Internal 38% Fibonacci level 3) Completion of 5 sub-waves. However this analysis ignores near term fundamentals. Good luck!

kalio5

Hi everyone, Just to share a near-term forecast for ETH. After considering Elliot waves, I think that the ABC correction is now complete. I have tried to annotate the different sub-waves. I expect to retest the previous intermediate high near 3k, Good luck!

kalio5

Hi everyone, After the recent sell-off on Bitcoin, I believe we've recently completed the A wave of the correction. I think we're currently at the beginning of a B wave. This usually exceeds the 50% Fibonacci level, and I would therefore expect more than 45k to be reached. There is an alternative scenario where we've already completed an ABC correction, but in...

kalio5

Hi Everyone, Just to share an update on the Nasdaq 100, and a future price projection. Currently, I think that we're in Wave C of a ABC flat pattern, and that we're just beginning subwave iii of the larger C wave. I'm expecting the price to fall below 12k eventually to around 11.6k , and I've denoted the different waves on the chart. This is supported by...

kalio5

Hi Everyone, Just to share a near-term forecast for the Nasdaq 100. I think that we're in the last sub-wave 5 which I expect to complete around 12.8k . This corresponds to 50-61% applied projection of wave i-iii, and also has significant prior support from recent months. After this point, I expect the Wave 1 to be completed, and for their to be a bounce to the...

kalio5

Hi Everyone, I think we've recently started a C-wave of a zig-zag correction. My current thinking is that we'll have one more wave down which I expect to reach around 11.8-11.9k. At this point I would expect there to be support for a short-term bounce afterwards. If price does significantly break above the upper parallel line this analysis is void, Good luck!

kalio5

Hi Everyone, Though I'm bullish in the mid-term on Bitcoin, it appears there may be a zig-zag pattern being formed - and this could lead to lower short-term prices. If this is the case, then there is a high probability that we may see price descend below 50k again, and potentially as low as 41k. This 41k projection has: 1) Fibonacci 38% support 2) Moving...

kalio5

Hi Everyone, Just to share some key support levels for Bitcoin. Today we saw a steep sell-off, with prices reaching 24% Fibonacci near 50-51k, and also testing the weekly 9EMA (not shown on chart). It is possible that this support holds. However, if it does break the next key level to watch for is around 43k. This is supported by the following: -38% Internal...

kalio5 Updated 

Hi Everyone, Just to share the latest forecast for the Nasdaq 100. Price has recently reached the 12.6k target level (which corresponds to 100% of Wave a price projection), and broken through unexpectedly quickly. The next key resistance levels are between 13.15-13.3k . This corresponds to 150-162% of Wave a, and also the 127% external retracement of Wave A....