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Bitcoin is in the midst of an intermediate level impulse wave, with the minor wave-2 just completed as a running triple flat pattern. Expect wave-3 to reach the 2.618x level (compared to wave-1) at a price of $81,700 within one or two weeks from now.

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Since February of last year, Meta has been in an upward impulse pattern with Wave 4 in a prolonged running double three. The last segment of Wave 4 is a running triangle with its apex very close to the February 1 earnings report. If this pattern is correct, Wave 5 should extend either at the 161.8% or 261.8% Fibonacci level which is between ($870-1,400)...

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Rivian hasn't been doing so well. The stock price has suffered from a long and sustained selloff and is well below the book price per share of $14.90. The descending wedge pattern that's emerging may indicate that the company's fortunes are about to change. Maybe the EV market will take off suddenly, maybe Rivian will announce a new model or post a surprise...

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For those of you tracking Elliott Waves, Amazon has been struck in a Triple-Three correction since August of 2020. Here is a breakdown of the sub-waves: Wave W: Regular Flat Wave X1: Triangle Wave Y: Zigzag Wave X2: Zigzag Wave Z: Expanded Flat (ending slightly beyond the 1.618 Fib level) Tracking the larger degree waves can be challenging but I believe...

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After completing an ending diagonal in mid April, Bitcoin made an abrupt correction which found strong support at the 50% retracement line. The correction took the form of a zigzag in which Wave C was 1.618 times that of Wave A (the Golden Ratio), signifying that the correction has ran its course. The MACD then crossed upward today, providing further confirmation...

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Since mid January, Apple has transitioned into a new primary wave corrective pattern which appears to be a 5-3-5 zigzag pattern. For those familiar with Elliot waves, a zigzag typically subdivides into a 5-wave pattern on the outer legs (Waves A & C) and a 3-wave pattern on the middle leg (Wave B). If we draw a Fibonacci extension off of Wave A to forecast Wave C,...

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After making some tremendous gains last year and capping off what appears to be a lucrative primary impulse wave pattern from July 2019, TSLA appears to have started 2021 with a corrective primary wave. Based on the 5-wave pattern from January to the beginning of March, it appears that this bearish primary wave is a zigzag (bearing in mind that the sub waves for a...

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After 4 months of price consolidation within a continuation triangle, Amazon is poised to resume its rally from last Summer. With the fifth and final leg of the triangle reaching the lower boundary, keep a lookout for a pivot this coming week. In the included chart, the purple line is the intermediate impulse wave over the past two years or so. The fourth wave...

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I discovered this REIT ETF a while back during the March crash and it looks like the dividend yield is pretty good. Prior to the crash, the ETF paid a monthly dividend of 10¢ per month ($1.20 per share annually). After the crash, the dividend reduced to 6¢ a month due to the disruption of businesses closing and not paying rent. As a result, the price dived to half...

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The triangle has completed and the next impulse wave has begun. Have fun being rich everyone!

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This is an update from my last post about Tesla. As I expected, the Q3 earnings report was a surprise figure with a reported EPS of 76¢ (compared to the expected EPS of 55¢). The triangle pattern that I shared before had since broke out and then crumbled, leaving me and a few others to believe that maybe a combination pattern is unfolding. But I have one...

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TSLA is currently in a corrective triangle that is situated within the fourth wave segment of the primary impulse wave established last year. The triangle recently finished the D-wave segment and is moving into the final E-wave. Because the triangle wave segments have been relatively simple, it's entirely possible that the final E-wave could extend into a triangle...