wolffarchitecture

wolffarchitecture Updated 

Tomorrow and Wednesday may have a small rally up..., then looking for short setups. Bullish count seems unlikely

wolffarchitecture

Looks like yesterdays Elliott W-X-Y deeper Wave-4 correction may not be the case and we are in a Wave-4 triangle pattern. Sad that the future shorts we were looking for may not occur, nut e will see how things mature. This is my trading plan, not financial advice. Create your own plan and trade your plan.

wolffarchitecture

IMHO a Wave -2 pullback is likely in the next 1-4 trading sessions, after reaching support we should continue much higher into a wave-3. Alternatively (as we can see 5 impulse waves have completed) technically this set of waves could constitute a wave-5 of the next degree higher and a deeper correction could develop. While we do not think this alternative will...

wolffarchitecture

Holing all long positions, but IMHO we may see another test of 15,000 before this is through ... and then up from there. Very bullish market. Market managers decided to move the market up but Its just hard to image 15,000 being dismissed so easily, and there are gaps down there to fill. In a bullish market expect Tuesdays and Wednesday to be mixed with Thursdays...

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Markets seems bullish/weak at the moment. Market makers holding price up until option expire today...then who knows ?? IF market returns bearish this is the Setup I will be looking for.

wolffarchitecture

15 m time frame diamond reversal possible. Do your own dill, get a plan and trade your plan, and don;t trade to much.

wolffarchitecture Updated 

If you're curious, as you can see on the chart above: A Fibonacci Retracement sequence starting from #4865 hits every single MAJOR arrival/resistance/turned to support LEVEL, down to the bottom of the Covid drop. Its kind of SPooKY, Fibonacci reappears over and over again, and you need to see it to believe it. So apparently in the future #4865 might be an...

wolffarchitecture Updated 

Long-term support Trendline was breached & re-tested. We are currently managing several Long-trades we bought at the first drop-leg down...always buy Wave-A down and manage it with stops. A NEW lower low may / or may not happen, I would guess the probability of a NEW-LOW may be abut 60% to 40% it goes up from here. Wave-4 corrections can be messy so we could...

wolffarchitecture

Notice there is a RSI divergence across the board 3-4 hour time frames. No recommendation just something educational which is note worthy. Bullish markets WEEKLY trends: Monday- Bullish if the previous Friday was bullish, lots of FOMO sentiment Tuesday- Volatility usually starts lower in the morning / then up in the afternoon Wednesday- Most volatile with an...

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Looks like a classic cypher pattern. additional information for you to consider or discard, Trade your plan.

wolffarchitecture

Just putting the pattern out there. Please be careful. IMHO, trade lightly with tight stops.

wolffarchitecture

EURUSD may still bump up a bit, then lower to complete 50th wave ending diagonal of primary Wave-C ( yellow, FLAT ABC; 3-3-5 )

wolffarchitecture Updated 

WATING for bottom to form, and then LONG setup opportunities

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Technically the ATH on the Nasdaq did provide the structure for a complete wave-5 (in red) ...So please be careful lightly trading. IMHO: I believe we have a little more gas in the tank, and the count above reflects that.

wolffarchitecture

This count has been working out for several weeks now, lets see how it finishes up

wolffarchitecture

10year Yield following path, see previous post as well.

wolffarchitecture Updated 

SPX: Bullish Count for comparison. We are totally neutral on the Spx500. Trading lightly holding a few long positions from Thursday. Many DOW and RUT stocks look completely oversold. Dollar may have one more leg up then likely lower, good for commodities who have also been beaten up lately. So I wanted to show you a reasonable BULLISH count as well. Trade...

wolffarchitecture Updated 

SPX Bearish count close-up. After todays high, the SPX500 has completed all that it needs ,.... to start lower (IF IT WANTS TOO). Bearish or bullish the SPX500 appears to be within a few weeks of a deeper correction. We are trading lightly, holding a few long positions from last Thursday, with very tight stops and keeping correction cash available. NOT in...