tomj2417

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.....

tomj2417

Many wave counters seem to be looking for a top in this market and perhaps so am I, but the more I look at it I am beginning to favour this uber-bullish count. Kiss of death perhaps? Could be.

tomj2417 Updated 

Possible route for Bitcoin?

tomj2417

This index has been heading up in almost a straight line since the "Covid panic" and this count would suggest it has a considerable way to go. Is there going to be a decent pullback or correction or is this just going to shoot to the moon....?

tomj2417

Two counts, both bullish for now, although suggesting that we might be just witnessing a bear market rally as opposed to the blue count impulse move.

tomj2417

Lots of mining stocks have been on a decent run since March and many had a good move yesterday. This count suggests that they may be approaching an interim top.

tomj2417 Updated 

Looking thorough a few UK stocks this evening and this one caught my eye. Has the oil and gas sector made a bottom? Is this a clear 5 wave move off that bottom from a global company? Two possibles are presented here, both bullish, but the blue count is calling for a deeper correction. Will need some more watching for me but it certainly looks interesting. Will...

tomj2417

This is a FTSE 250 listed silver and gold miner that, to me, is displaying a promising and bullish wave pattern.