tomj2417

tomj2417

Although this count suggests there may still be some significant downside ahead the longer term outlook for this stock (and tech in general) may in fact be bullish according to this count.

tomj2417

So much bad news coming out of China could suggest that perhaps this index might be due a bit of a rally or even a turn if the "buy when there's blood in the streets" maxim has any value.

tomj2417

This count suggests we may be in the final leg of a bear market rally if the 5th wave of this c wave takes shape as I imagine it might. As my waves 1 and 2 were equal I am suggesting that the 5th wave might extend. The Fed is due tonight so I expect this count to be proved right or wrong sooner rather than later.

tomj2417

I would need some more confirmation that the downward trend is over but this EW count certainly suggests that a 4th wave flat correction might have finished with a 5 wave wave C wave and Gold could be about to shine....

tomj2417

For me this is a bullish chart for this crypto although I felt I should include a bearish alternative as well (Blue count).

tomj2417

My red count here would suggest that wave 4 of 5 may have just completed and we are about to embark on another Bitcoin rocket ride with targets ranging from the reasonable to the stratospheric. I had to include a much more pessimistic blue count though as the November 2021 high is the 0.61 fib extension of my waves 1 to 3 and is a common ending point of waves 5 in...

tomj2417

Is this a possibility for this stock and potentially other tech stocks too?

tomj2417

This looks like an impulsive move up to me but perhaps it is approaching a 5th wave completion soon. One to watch after a correction?

tomj2417

The low of the 19th June may have been a significant bottom for Bitcoin and we could be looking at the early days of a decent rally. I have labelled it as an ABC as at this stage I have no idea if it's the beginning of a new impulse wave upwards or just a corrective rally as bitcoin continues lower.

tomj2417

More strength ahead for the US dollar but this count suggests that the dollar bull might come to grinding halt around the 107-108 level.....

tomj2417

Lots of gloom and doom about but this count suggests a big final move in this run for MSFT.

tomj2417

2 counts here: the blue count suggests a top is in the correction could have much further to go. The red count on the other hand suggests that this may be a wave 4 correction and despite all the doom and gloom we could see another leg up to complete wave 5. Place your bets folks....

tomj2417

A count that suggests that we may see another leg down for this currency pair (and also risk assets generally).

tomj2417 Updated 

I posted a chart on this stock a little while back suggesting a top was in and it worked out pretty well (red count) but this alternative blue count is starting to catch my attention. Could we be looking at a classic ending diagonal for this stock (and perhaps US equity in general)? I will certainly be keeping a close eye on the reversal of the recent decline and...

tomj2417

A couple of bullish counts for Japanese equities despite the increased volatility at the moment. Just not sure if the wave 4 correction is over or has further to fall. Price action should provide an answer sooner rather than later.

tomj2417

2 divergent counts for oil. I was feeling quite confident about the bearish blue count leaning towards a top of some kind being in. Now I am not so sure, especially looking at the nature of the correction that is/has taken place.

tomj2417

I posted a bullish idea on this stock back in February suggesting that we may be about to see another leg up. This is a more bearish count that suggests we may have actually seen a significant top for Disney and a protracted correction is just getting started.

tomj2417

I don't know.....lots of things out there that could end this count in a moment but could this bullish count be worth something?