stsmurf

stsmurf

RIVN bounced off the 61.8% retracement of W-(1), looked like a clean impulse besides the very deep retracement of W-2, but still valid. Wave B looks like 3 waves up and was rejected off the 127% making it look like an expanded flat. This then followed into an ending diagonal for C right into that 61.8% retracement of W-(1) and not quite hitting the 161.8%...

stsmurf Updated 

Current count looks like a 1-2 1-2 finishing out w-c of W-2 with an ending diagonal. With waves 3 and 5 of the diagonal creating bullish divergence. Looking to go up from here! Could end up seeing another 1-2. Invalidation is pretty close. Alternate count is much more bearish.

stsmurf Updated 

My previous target under $10 never hit so still speculative of if the correction is over. My primary count has the correction over and C was not as long as I'd expected. My alt count has C just starting with a flat for W-B. It really just depends on if Dec 5th - 10th was 3 waves or 5 waves with a pretty short wave 4. Either looking at the 12.1 - gap close around...

stsmurf Updated 

Can't help but see the moves since August as 2 corrections in a row for W-(A) and W-(B). This followed up with what looks like a leading diagonal for W-1 of W-(C). The subcount for W-2 had a=c and 61.8% both right at 230.5 which it bounced off today. Not pictured, I do have a potentially for 1 more small high before the drop. I'm also pretty bearish on GOOG, AMZN,...

stsmurf Updated 

Pretty shallow w-b so might not be finished yet. Could start w-3 of W-C of W-(2) soon. Looking for 5 waves down. Potentially close the bull gap on w-3 and then hit 61.8% on w-5. Long after that! Should finish around 61.8% around $9

stsmurf Updated 

I'm a huge fan of Snowflake, but with how far it is retracing, I'm now just waiting for it to drop below 110 to invalidate the bullish counts. From there just waiting to see this Wave C play out. Yellow is my bullish alt count that was primary.

stsmurf

Looking like a good ABC down to the 61.% retracement of the previous impulse. Also bullish divergence on timeframes under 1 day.

stsmurf

If it comes up from this point and this wave down isn't greater than the previous wave, I'm leaning towards the pullback being done. The W-A of W-(W) is questionable on counting and could easily see the first 3 waves being 5 waves instead. If that is the case, I'd lean towards another wave down. Either way, the correction is probably getting close to done.

stsmurf

Tried a cheezit (diamond) on QQQ couple days ago, seems to be respecting the top right side.

stsmurf

Potential bounce off large bull market rally channel and also the current downhill channel. Also hitting fib retracement and 65m 200 MA

stsmurf

Top of wedge? Either break or start to drop back down.