tomj2417

tomj2417

Two counts that both suggest that this stock is posed to begin a new climb to new highs. I guess the question to try and answer is whether or not the correction is over.

tomj2417

Calling tops is usually a fools errand but the EW pattern here seems somewhat clear with some fib ratios helping add to the case.

tomj2417

Another stock that seems to have followed many of the tenets of EW theory. Will it continue to do so and finish up at the channel I have drawn for this chart?

tomj2417

Apple seems to have followed many of the principles of EW on it's climb to here, a short and shallow corrections in wave 2 followed by a deep and long corrections in wave 4 or vice versa. This suggested final wave 5 also appears to have reached some major targets hitting the 0.61 fib extensions of a number of other waves. However, I can't help but think that maybe...

tomj2417

2 counts here that both suggest some downside going forward for this Nasdaq stock. However, the blue count suggests some decent upside in a 5th wave still to come while the red count is much more pessimistic with prolonged downside ahead.

tomj2417

A bearish count for AAPL suggesting a major top might be in.

tomj2417

It getting quite easy to EW 'count' a top in this market but this count suggests that the bull market may still have some legs, even if they are getting a bit tired.

tomj2417

After correcting for nearly a year is this stock (and energy along with it) starting to make it's move? According to this count, the wave 2 correction was deep so the wave 4 may be shallow. A decent break above the 120 level may lend a bit more weight to this count. The alternative red count is perhaps even more bullish. Watch this space

tomj2417

It's been a long correction for the energy sector but if we see a breakout here it might lend weight to my argument that XLE has indeed started a 5th wave according to EW theory.

tomj2417

Apologies for the messy chart but there is a lot going here with a number of fib measurement confluences suggesting a top around the 5800-6000 level. My preferred count is the blue count with the 4th wave correction ending in 2020 but the red count has some merit too. The present count would suggest that we are in an extending 5th wave heading towards a major top...

tomj2417

This count suggests that a 4th wave correction may have completed with the a and c waves being equal to one another and a 5th wave may have just started. In favour of the count is some nice alternation with the 4th wave finishing on the 0.618 fib retracement while the 2nd wave completed on the 0.382 fib. For me, the bigger question is whether the 4th wave...

tomj2417

RACE has been a great buy for plenty of people but I can't help thinking that it might be about to start a 5th of a 5th wave or perhaps have even finished a 5 wave Elliott Wave cycle already. The red count suggests that we are in a 4th wave correction and can expect to see a final 5th wave some time soon. The alternative blue count is much more pessimistic and...

tomj2417

This Elliott Wave count suggests that oil's rally may be due a rest and a period of weakness may now take place. From an EW point of view it has some alternation in it's 2nd and 4th wave corrections between deep and shallow. The 3rd wave ended exactly to the 1.61 fib extension and the 5th wave completed on the .61 fib extension of waves 1 to 3. It also completed...

tomj2417

This Elliott Wave count is suggesting that a count of an impulsive move up that began all the way back in 2018 may be about to enter it's final leg in a 5th wave. I posted bullish ideas for this stock back in March and February and so far it is following the script. The bigger question here is confirming when and if the wave 4 has finished and my projected wave 5...

tomj2417

Some nice confluence in this Elliott Wave count with wave 3 topping perfectly at the 2.61 fib extension and the smaller sub waves being pretty easy to spot. This suggests to me that we might see another wave up to complete 5 waves although the small nature of the wave 1 correction might suggest a deeper wave 4 correction.

tomj2417

Reading lots of negative stuff about property generally but this chart pattern could be interpreted as bullish.

tomj2417

AI seems to be a hot topic at the moment so I couldn't resist trying to come up with a few EW counts for this stock. It has rallied well since October last year but the big question for me is whether or not the correction is over and a 5th wave has started or if the correction has much deeper to run, hence the blue count and the red count.

tomj2417 Updated 

Is this a possible route for the US small cap index to follow? It certainly ticks a few boxes regarding some fib retracements and extensions and has bounced solidly on my pitchfork midline.