tomj2417

tomj2417

A count suggesting that, while the correction may not yet be over, this US stock may have one more leg in it's present uptrend.

tomj2417

Another chart that's been flying up in almost a straight line recently. This count suggests it's due a correction before resuming it's climb. Might be being a little optimistic on my 5th wave targets but who knows.....

tomj2417 Updated 

Hard not to be bullish on this index looking at it's price action recently. Seems to be heading up in a straight line. Are we in a powerful 3rd wave at the moment? There barely seems to have been any correction since the bottom in March 2020.

tomj2417

A decent possibility?

tomj2417

Perhaps the B wave looks too much like 5 waves to be a B wave but even if it is then we would still be looking at the early stages of a C wave. Bullish either way.

tomj2417 Updated 

I have 2 longer term counts for gold, one suggesting that the current corrections is a wave 4 and we can expect an upward wave 5 once this correction is over. The other count is much more bearish and suggests that we have just begun the C wave of a flat correction that began all the way back in 2011. However, whichever way I look at it, I see some downside for...

tomj2417

I'm finding it really hard to be bearish on this index, which is a slightly worrying thing in itself, but the recent price action can't be ignored. This index is going up in a straight line since the end of October and I can barely find any correction to even attempt a count on my "5th wave". I would expect a pullback at some stage although when you look back at...

tomj2417

Calling tops in a massive uptrend has caught me out a number of times but I can't help looking at this chart and thinking that it needs another leg down to complete a correction. The massive leg down from the beginning of the year looks a clear 5 wave move to me (impulsive) while the move up from March looks corrective (to me at least). Lots of fib measurements...

tomj2417

Lots of other possibilities here (as always with with EW) but I kind of like the look of this count. The area of doubt for me is whether or not the stage 2 correction has come deep enough at the 38.2 or if it is going to morph into something else. If it could break the 1000 level then maybe I could be more confident.....

tomj2417

Just cast my eyes at this stock as it's been in the news lately. As ever with EW I am just considering possibilities of which perhaps these two counts are. Both suggest another wave up although of differing lengths.

tomj2417

Two almost identical counts with the question for me being whether or not the 4th wave correction has finished at the 0.5 fib retracement or if it has another leg lower yet.

tomj2417

As always with EW there lots of other options (some really bearish) and this is just one of them....however.....I like this one.

tomj2417

Published a couple of ideas on this Uranium stock back in 2018 and in May this year with both of them playing quite nicely to the script. The recent pattern from the low looks like a 5 wave impulse pattern to me so I will be keeping a close eye on this stock to see if it wants to continue this uptrend any time soon.

tomj2417 Updated 

Getting heady up there but still going. Approaching completion or at least due a breather? Or is this one going to the moon?

tomj2417

The red count suggest the top is in and we could be looking at a decent and prolonged correction. The blue count however suggests that we may undergoing a 4th wave correction and can still look for a 5th wave higher after a deeper correction. The 61.8 fib retracement aligns with the previous 4th wave.

tomj2417

Just glanced at this stock this evening and had a go at putting a count to it. Not putting much weight behind this one as calling tops in stocks rocketing like this one is usually a fools errand. Still, will be curious to see what happens.....

tomj2417

I've posted a few ideas on this stock that have turned out ok (eventually). Does it have another leg up to coincide with a Nasdaq 5th wave too?

tomj2417

Is this a possible count for this index? So many possible permutations that these markets can take at the moment but they seem to keep going up.....