yuchaosng

yuchaosng

I had previously published a short on S&P on 5th Dec and turns out to be quite a good call. I had delayed Nasdaq short call due to incomplete wave structure. As of yesterday's set up, it looks like we might have seen the peak. The only downside to this analysis is that the last sub-wave 5 is a 1-bar wave. But nevertheless, at the peak, price is more important than time.

yuchaosng

Take note that this is CFD where prices includes non regular trading hours and thus allows for this count (prices using only rth can't have this count as wave 3 is the shortest wave in SPX and SPY). I am attempting a short here as I believe that there is a chance that we are reaching the peak this week and this is as good as any to attempt a low risk short. A 10...

03:00

yuchaosng

I've published a static post on the Bitcoin short idea. This is a short video to talk you through.

yuchaosng

This is a bias idea. I purposely look for a potential way that Bitcoin could have ended and could never reach $100,000. Wave Structure wise, this analysis conforms to all the rules of Elliott Wave so even though it is bias, it is valid structurally. There are 2 things that is not ideal in this wave count: 1. Primary wave 3 (black number) has a truncated 5th...

yuchaosng

This is a follow up to my previous idea to short Nikkei. I've cleaned up the waves so that it does not look so cluttered. Those lower degree wave counts from previous waves are removed. If you are interested to know the breakdown, please see my previous ideas. What I am showing now is that the wave 3 is taking a longer time because it is building crash power and...

yuchaosng Updated 

Based on Elliott Wave Structure, I believe we are seeing the ending of wave C down move for EUR/USD. C wave itself is now on a 5th sub-wave.

yuchaosng Updated 

This is just a reference for people who wants to know what the EW counts for Silver is. Here, note that Silver hasn't reach a down move target. This is very different from Gold which has done a short term bottom.

07:09

yuchaosng

I explain in this video my choice on breaking down the waves into sub-waves and suggests the alternative which will always give us a wave 3 down. For 2nd alternate count, where our main and 1st secondary count is wrong, I suggest that the current correction might drags out before wave 3 resumes.

yuchaosng

We have completed wave 3 and today we are selling wave 4. But it's not over. I believe that wave 4 is going to be shallow and what this means is that price will move up in pre-market, and cash will open up and mark wave 4. Then prices will start coming down for wave 5.

yuchaosng Updated 

Alibaba is at a price point and wave structure where it could be either a potential strong reversal or a crash. If i have to call a side, I am more bias short because I think global equities are ripe for (short) harvesting. The stop loss that I put in this idea shows that I am cautious about being wrong, but as you can see, it is not at any obvious resistance,...

yuchaosng

The words in the charts are Chinese characters because I've used the screenshot of the chart to provide my view to Chinese investors. Essentially, this means chart shows a strong wave 1 up, then now we should be going into a C wave of Wave 2.

06:54

yuchaosng

Firstly, apologies for the audio. I am using a new setup and it seems like somehow the microphone suddenly goes lower volume. In this video, I discussed about the wave structure that forms in NVDA for the last wave and it seems to me that it is going to be a weak sub-wave 5 because sub-wave 4 retraces to the top of sub-wave 1. My preferred target is $150.03, but...

yuchaosng

This is a follow up to the same idea that I've recently posted. The reason is the same: top of channel rejection, and Elliott Waves completion.

yuchaosng Updated 

From the chart, you can see that I've closed the corrective wave structure W-X-Y-X-Z within 2 trendlines. Now that we are at the top trendline, it is time for turning point.

yuchaosng

Oil looks like it will not be able to hold above the trendline and may breakdown soon. Sometimes, the simpler the idea, the better it will work out. Good luck!

yuchaosng

Just hours ago, I published a super bullish case for China and HK market that I quickly updated to be closed out due to stop. Now with the breakdown, the Hang Seng Index has turned super bearish. It's not what I want to see, but it is what it is.

yuchaosng Updated 

There are 3 things to see here: 1. An expanding triangle that is labeled as a corrective wave 2 in triple combination: W-X-Y-X-Z, 2. 2 right angle triangles, one at the top and one at the bottom. The top one is larger than the bottom one. This means that the support at the bottom is stronger than the resistance at the top. From here, it should be a super bull.

yuchaosng Updated 

Over here you can see that I've given a super bullish case for China A50/CSI300. I've also fully labeled the down move and subsequent up move. This is a super bullish case for China. This analysis also goes beyond TA. I've a Douyin account (China equivalent of TikTok) and I can tell you that right now, all the biggest influencers are pushing for a super bull...