samitrading

samitrading Updated 

Don't want to go fully tactical on this H&S patters but it has the look of H&S :-)

samitrading Updated 

If this plays out as WXY, then W = X at 151.65 IF this channel plays out the touch down =151.02

samitrading Updated 

RSI is getting oversold a bit, price has no clear support line close by what so ever. That said, does not mean we can not have a reversal from here at any point i am just stating the obvious to you guys. Europe lock down is not looking good !

samitrading Updated 

If this plays out as WXY and we have equality of percentage then W = Y at 41 we will probably have some kind of support or a bullish case. That said , we could revers at any price regardless of anything else. Twitter has risen in 4 of those 7 years over the subsequent 52 week period, corresponding to a historical accuracy of 57.14% that's VERY LOW SUCCESS...

samitrading Updated 

This could be it and we go up from here, there is some short coming of a perfect world of Elliott but an acceptable count no one can argue with you about. We live in an exceptional bull mkts we can live with such counts :-)

samitrading Updated 

I guess everyone is adding this to their portfolio, just look at the volume and how crazy these buyers are entering at these levels.

00:18

samitrading Updated 

Most of our troughs happened just around 40ish area or so of the RSI on a daily chart. Nothing here is a about certainty it is all about probabilities.

samitrading Updated 

I do not know if any of this is going to happen, just something for you to consider !!! Based on 21 Wall Street analysts offering 12 month price targets for Alibaba in the last 3 months. The average price target is $216.10 with a high forecast of $275.00 and a low forecast of $170.00. The average price target represents a 61.55% change from the last price of $133.77.

samitrading Updated 

BUT, we are so oversold, we are closing in on a major support line, earning were not that bad & fundamentally driven more than technically. The only thing here is probably seasonality !!!

samitrading Updated 

According to VWAP since 2009 T-D, our max range going down is 4141.67 or 8 .18% from yesterday's low ! **** Data for 10 such low readings... % going down : 4.92 2.77 .72 1.82 4 2.57 3.93 2.20 6.57 8.17

00:24

samitrading Updated 

We shall go down in ABC of Z of WXYXXZ . Last leg down !!! ZigZag Rules: A ZigZag is a three wave structure labeled A-B-C, generally moving counter to the larger trend. It is the most common three wave Elliott pattern. Zigzags are corrective in nature. Wave A must be an Impulse or a Leading Diagonal. Wave B can only be a corrective pattern. Wave B must be shorter...

00:29

samitrading Updated 

1/ After Covid's low, we have had 11 "Divers" on 3H chart. 2/ 11 out 11 Divers, Volatility was over W/ 100% success rate !. 3/The only scary thing is Covid's crash we had 3 divers, beside our 11, diving down while volatility spiking let that sink in !

samitrading Updated 

This is the last down sloping trend line, we need to have clear break out retest it and then go up far a way from it to confirm a valid break out. Going back again below the trend line means this is a fake break out . Many indicators as we have suggested last Friday are suggestion a trough of some sort whether a major one for anew ATH, or reasonable one for...

samitrading Updated 

-If you are still bear, which still probable, this will be your your flat as XX then ABC down of Z !. Against many indicators ! Against many breadth ! Against seasonality !

samitrading

We could have just completed wave of a corrective, a text wave count. Or we could be in a wave 3 of 5 impulsive !

samitrading Updated 

6 Tops, 6 Troughs, 12 Grinding moves up and down. How many to go, looks like it may go for 2 weeks to be exact December 14-15. Or, according to many indicators we could have al trough in already !

samitrading Updated 

Probable invalidation of WXYXXZ & a trough we have ! Algos playground !!!