yuchaosng

yuchaosng Updated 

This is a tactical short (short-term in nature) as I see a 5-wave completion structure.

11:53

yuchaosng

A detailed walkthrough on Gold since 2011, the start of the first Cycle level wave. I go through my Elliott Wave counts for Gold, breaking down waves, focusing more on the recent wave 4 downturn. The alternate count will be another wave Z down, giving up a triple combination. Depending on the opening this coming week, the stop for this idea is either below...

08:29

yuchaosng

I've previously called to be neutral of Bitcoin after identifying a wave 5 up on 11th May. Now, I believe that it is once again time to long Bitcoin as I am expecting a wave 3 of 3 of 3 up. The stop loss should be generous at $100,500 if you can afford it. The price target if wave 3 = wave 1 is $130,000; The price target if wave 3 = 1.618x Wave 1 is...

07:16

yuchaosng

As I explained the wave counts for Ethereum, I believe that we have seen the end of a wave 2 correction and the next wave should be a wave 3 up. I presented the breakdown of the down move using both Elliott Waves and Fibonacci extension. As mentioned, the stop loss should be below wave C low or if you can stomach more risk, below the low of previous wave 4. The...

03:08

yuchaosng Updated 

This is an update to the original USDJPY short idea posted 2 days back. We have completed wave 1 and wave 2 and is currently on wave 3. There is a break of a trendline that helps confirm our wave 3 hypothesis. The initial target remains the same at around $140. However, the stop loss is now lowered to 147.20, above wave 2 high. Good luck!

07:05

yuchaosng

As mentioned, this is the 4th attempt to catch the peak for S&P500 (and Nasdaq). Over here, I break down the details of the wave structure to the subminuette level at the final wave. I believe this to be the final peak given that I do not see any more extension possible without changing the entire up-move wave labelling. As usual, manage your risk and use a stop...

06:30

yuchaosng

This is my 3rd attempt to call the correction peak for S&P500 or Nasdaq (I use them interchangeably). From the previous short idea using Nasdaq, I mentioned that the reason for the invalidation of the previous idea is due to the last wave 5 of C of Y to extend into a 5-wave structure. Over here, the short position will be stopped out if a new high above wave Y...

07:08

yuchaosng

Hello, this is the video walkthrough on the USDJPY short idea that I posted 7 hours earlier. Price has since moved down so you would either scale in your short position, or do this on a smaller size based on your risk management. But definitely for this idea, the invalidation point, and thus the stop loss, will be if price moves above the wave Y high. Good luck!

yuchaosng

Over here, I present to you what I think is an excellent risk-reward idea. I’ve drawn a double combination wave structure for a wave 2 of 3. And wave Y itself you can see that A=C. The stop for this will be just above end of wave Y. Good luck!

10:24

yuchaosng

In this video, I break down the wave structure of Bitcoin and go through in detail the wave counts and where there are breakdowns in the wave structures. I also go through the bitcoin peak price for the most recent wave using 2 Fibonacci extension levels. My outlook is that Bitcoin is going to go much further as this completion is likely to be a sub-wave 1 of...

yuchaosng

A few days back, on the weekend, I posted an idea about pending short but price went down first to create a 4th wave before going back up to complete the price target last night. So, this is the updated wave count. Wait for retracement to short. Stop above the high.

yuchaosng

Making use of the old trendline, and the fact that Gold has hit short target PLUS EURUSD is at a strong support, we can infer that USDJPY is also a good short idea.

yuchaosng

EURUSD is now a good short after Gold has reached target. There is a clear support here and thus a clear stop loss. Rushing this out so no more video walkthrough.

07:44

yuchaosng Updated 

Over in this video, I went through live on how I analyze the Gold Chart (I did not prepare before hand). Here, I propose that Gold has further to to fall and set 3 different targets and how I derived the targets.

04:22

yuchaosng

This is an update to my short idea 2 days ago. I believed that the reversal for S&P500 has already begun and that I expect a move down from the breaking of the lower trendline. Apologies for the audio as I am testing out a new setup (with a new portable microphone).

18:20

yuchaosng

In this long video, I go through USD/JPY short idea in 2 parts: Part 1: Detailed Technical Analysis and Elliott Waves 1. Head and shoulders - daily 2. Completion of Elliott Waves 3. Breaking down of A-B-C 4. Measurement rules on profit targets. Part 2: USDJPY as a product (characteristics) 1. It's a flight-to-safety product similar to Gold 2. thus also a short...

yuchaosng

This is an update to my previous Elliott wave counts for 10Y yield. I believed we have completed a wave 2 and is now going into a wave 3. What this means is that if you are trading futures, it is the opposite: short futures (ZN1!).

yuchaosng Updated 

This is how I will count the S&P500 Elliott waves. Entry will be at 5757.5. You can wait to a reversal signal instead also. Stop above the high if that's what you choose. Else, give some space. I'll set the stop nearer to 5800.