yuchaosng

03:29

yuchaosng

This is the video explanation of the same idea that I've just published. Basically, while I do think that Gold will hit $3000, I don't think it is worth it to hold on anymore as the money can be redeployed better since the next wave is going to be a wave 4.

yuchaosng

I've been calling for Gold long for the longest time and also called for short-term pull back at the end of wave 3 of 3. Now that we have finished wave 3 of 5 of 3, it is time to take a step back and wait for better prices to enter for the final leg of wave 3. Or simply, just get out of Gold because the next move will anyway be a wave 4. Wave 4s are usually the...

yuchaosng

This is not exactly a short idea for 2 reasons: 1. It is not that easy to short a Singapore stock, and 2. Singapore stocks don't really follow Elliott Waves principles because the stock market don't herd. So this is really saying: 1. Now is not the time to buy. Wait for better prices. 2. Lighten up if you are not an investor but more of a speculator/trader. Take...

05:34

yuchaosng Updated 

I've explained in this video why I think Meta has peaked. Here's the summary: 1. Completion of 5 waves. 2. Fibonacci Extension level hit (target: $725.76, actual: $725.01, diff: $0.75) 3. Bearish Reversal candle with high enough volume (I missed mentioning this in the video) This is a good risk-reward trade with Stop at $726 and take profit at $550. Good luck!

yuchaosng

This is an update to my previous idea where I mentioned that MSFT will move up in a wave 2 and then come down to a wave 3. It has happened and now we are seeing wave 3 that broke the trendline. It is still a short.

yuchaosng

I've previously mentioned that I expect Google to go up towards earnings and then down. This is an update to the same idea but now that the waveforms are clearer, we can roughly gauge how it will move. Of course, as of this writing, I do expect that the price target of $204.29 will be hit before the intersection of the trendline with the Fibonacci Extension level...

yuchaosng Updated 

MSFT has completed the first intermediate wave 1 of 3 (blue waves) and now with the last 2 reversal candles, I am expecting it to push up in a wave 2 of 3 before coming down again on a wave 3 of 3. The Fibonacci retracement levels are references for where the price may be rejected as it moves up in this wave 2 of 3. The black down arrow is where I think it...

yuchaosng

The chart shows how I think the waves have played out for Goog (and Googl). The last 5 waves (in green), is an ending diagonal, which explained the overlapping waves.

yuchaosng

Similar to my Amazon's idea, I believe that META is also going to go up to a Fibonacci extension level of around $651.66 and then start it's decline. It might also be an earnings play where it will announce earnings that exceeds expectations, gapped up, and then sell down.

yuchaosng

From my Elliott Wave counts, I believe that Amazon still have some room to go but it will be the last wave up given that wave 4 turns out to be a triangle too. Take note that while I am bearish overall for the entire market, I think that via financial engineering, US equity markets might still be able to hold up for a while. And this time, Amazon may be the stock...

yuchaosng

I've broken down the wave counts for DXY and now I am expecting the US dollar to fall. The stop loss will be above the high of 110.176 made on 13th Jan 2025.

yuchaosng

Nikkei 225 was ranging in an ascending triangle which, by itself, is a bullish setup. However, the odds of this setup breaking up is not high (last I remember, it's about 66% but please don't quote me or ask me to verify). Now we are focused on 2 facts: 1. It has broken down from the lower trendline, and 2. price was rejected at the broken trendline. What this...

yuchaosng

In this chart, I plotted the potential Elliott Wave counts. But I need to point out the few things that I don't like about this count first: 1. Wave 1 down seemed too short to be supporting such a huge triple combination correction. 2. Wave 1 end is not the lowest point. The lowest point being end of first X wave (I can't find a way to force a 5-wave counts such...

yuchaosng

I've purposely kept the risk very tight. The alternate count to this is that the entire correction is done and instead of wave 1 of 3, it's actually a C wave. The other alternate count is that wave 2 of 3 is NOT complete, but then it's too hard to predict wave 2 (can retrace back to start of wave 1 of 3). Thus, I this that by using the current wave 1 end (black...

04:51

yuchaosng

I did a video update on the 4 symbols: 1. S&P 500 2. Nasdaq 3. Bitcoin 4. Microstrategy I believe that we are going to crash on a wave 3 down.

yuchaosng

From the chart you can see that Bitcoin has completed 5-waves on multiple degrees and then we have a first wave down after an ending diagonal. Now my target for it will be $72,000. For this idea, that also means that Microstrategy is going to crash.

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...