kstrizzle001

kstrizzle001

PLCE completed a tower bottom with today's daily close... if it can close above the next white line with a strong two day candle, it will signify a short term bottom to potentially a mid/long-term bottom (esp. if it does it by tomorrow's close). R:R would be stop at recent lows with a target of the median line of the pitchfork, white path. This could morph into a...

kstrizzle001

Yellow count is primary with blue just behind... white has almost left the building but is still holding passes for divergences to arise. Daily bearish engulfing spells trouble and if a new low is found... don't fight the trend. GLTA!

kstrizzle001

Two paths are presented, but ultimately one direction will prevail. Closing a weekly candle above the larger highlighted rectangle will invalidate this setup. GLTA!

kstrizzle001

Sometimes you just look for the look... as far as Elliot Wave is concerned, if this plays out, it will complete the look of IWM's long-term path and set it up for a massive ride higher once this correction has completed. Triangles are best drawn after they have completed, but sometimes you can front run a pattern and still be predictive in nature. So, if this...

kstrizzle001

This market can be dizzy and confusing, but candles can light the way. ETSY has been on a rollercoaster of a ride as of late, but over the past few days, it has begun to change its normal mode of transportation. I'm not suggesting it will board a rocket ship any time soon, maybe never, but it does seem to have gathered up enough scratch over the past few months to...

kstrizzle001

Looks can be deceiving and they can also be pleasing to the eye... this one is eye catching atm... just not sure if I'm believing what I'm seeing... a 5 wave ride is always followed by another, so if this is a valid count, we should soon see the tide if it hasn't already rolled in. The square box will be of utmost interest as it should offer an indication of which...

kstrizzle001

Sometimes we get distracted by shiny objects along the way; ETSY has definitely been privy to recently falling astray. If it is to find some legs to get long, then something like this might help guide a careful observer along. GLTA!

kstrizzle001

A path is never in a straight line, but trends do tend to remain until broken. GDX's trend has been mostly down since its rise into the glistening lights offered around $66 just over a decade ago. Many have rode beside this golden hue over the past decade and wondered if it will ever reclaim its once radiant luster... the truth is no one really knows, but using...

kstrizzle001

Technical Indicators have begun to finally cool off for this one, but such a dramatic trip to the clouds often warrants a visit back to the tree tops before ascending into outer space... If the 2 month MACD crosses again and holds, then this stock has likely entered one of these 5 wave corrective structures outlined. There is always the potential for higher highs,...

kstrizzle001

Long-term this champion looks in need of a much needed respite from all of its journeys northbound. It still appears to have some energy left in the tanks, so another higher high is not out of the cards. IMO this has the look of a titan that will likely shift focus to acquiring more vertical integration type of companies, hence capping upside potential. If a new...

kstrizzle001

As with most stories, they have a beginning that is rarely noticed, but to the keen eye one can envision a bold tale. Within in this tale lies a beaten down hero, who nearing its last breath finds new hope. This hero has lost its shine, but if one looks closely enough they can see some bullish hopes engulfing the shadow of doubt that has been recently been cast...

kstrizzle001

Likely ETSY is working on a B wave up into the natural area of a B wave (50% retracement of the move down). If so, then the 5 waves down should be accompanied by another 5 waves down (yellow line). The magnitude will likely not be the same as this A wave down (labeled (1-5)), but I expect the duration to be similar. Invalidation would take a lot, but most logical...

kstrizzle001

The bullish count for CMG... Wave II was 3 years, I expect wave IV to last as long if not longer. GLTA!

kstrizzle001

Idea behind this Wave 4 is that Wave 2 lasted roughly 3 years, meaning if this is a wave 4 it should last a similar time period. This count fits the bill and has the look of a wave 4. As most counts at this stage, it could morph into an extended wave (v) of 3 and reach new highs, but until that happens with conviction, this is the primary count. GLTA!

kstrizzle001

RIOT is about to take off - which direction is not entirely clear atm, but IMO up is the way. BBs are getting tight and horizontal and there has been a bunch of price action at this region... GLTA!

kstrizzle001

Markets love to rhyme and create max pain... IMO, if 418.31 and then 431.73 can get overcome on a daily close, then this is my ideal path. If this does play out, then the retracement will likely meet an inflection area in the rectangle where the yellow or white count will prevail. GLTA!

kstrizzle001

(for fun and observation).... drew this orange channel a while back with the thought of the median line being of some importance. Today it tagged the outer boundary and closed with a doji... History tends to rhyme, and if it does this go around, then the yellow count would be worth noting... both retracements (B) are at the 50% of the first measured move (ideal...

kstrizzle001

Hard to get anything impulsive off the lows; the yellow count is my primary path atm. If it become motive in nature, then it'll clear all time highs. This path is invalidated with a new all time high. Potential wave (5)s rhyme. GLTA!