kostismalataras

kostismalataras

We just filled the gap at 4363. The correction completed the correction wave pattern froom Elliott wave theory. RSI is low. Textbook reverse head and shoulders forming ( falling volume). In my opinion we are close to the end of this correction, in the coming weeks, if the earnings are strong,the next rally is going to start.

kostismalataras

Spx looks strinkingly the same as the past. Centiment feels the same like then. Indicators also. The new Q2 are expected to be the worst, even a little better than that gonna cause a new rally in the markets.

kostismalataras

Possible sp500 pattern repetition.

kostismalataras

Nice cup and handle forming above 200 moving average and 0.786 fib line. Bullish silver towards 18.5.

kostismalataras

After the first elliott wave from the March lows here comes the correction wave all the way down the strong resistance of 2450

kostismalataras

In the fibonacci rec you can see the measurments are like textbook elliot wave. Wave 2 is typically 50% of wave 1, wave 3 is typically 161.8% of wave 1 Wave 4 is typically 8.2% of wave 3. I see a strong bounce back a little over 2600 which gonna be the best point to short. I think we've tested the lows for now and the bounceback is gonna come soon. When we hit the...