MarcoJarquin

MarcoJarquin

This is my proposed wave count. Scroll to the left to see it completely with subdivisions. My hypothesis is that Wave 5 is a falling wedge that, depending on price action confirmations, might have printed a bottom already. With this said, if this count is right, we should see a rally in the coming days. Note that it is proposed that Wave 1 is also a falling wedge....

MarcoJarquin

Sharing the view on the daily timeframe, showing where Wave 3 top is observed.

MarcoJarquin

Assuming the latest historical top as a Cycle Wave 3, we could assume we are in a Cycle Wave 4 now. The first impulsive downtrend after this top makes me believe it was a Wave A of a ZigZag. If this is true, we should be in a Wave B (of Zig Zag) now. Zooming in from the daily timeframe, we can count 3 waves up and a triangle currently unfolding (this triangle...

MarcoJarquin Updated 

Short term count - just a thought, waiting for confirmation from price action (bullish scenario). Wave 4 would mean 38% fib retracement from Wave 3

MarcoJarquin

Just an idea. Awaiting confirmations from price action and indicators.

MarcoJarquin

Just a thought... Targeting 90 - 100 on RIOT

MarcoJarquin

Sharing my thoughts and observations on JNJ. I think that confirmations are in place to see a fifth wave unfolding. SL set at what seems to be the end of Wave 4 and TP on the projection from 3 to 4 (reverse Fibo -38%). RR 2.2.

MarcoJarquin

If this wave count is correct, we can expect a decline coming soon - subject to the respective technical confirmations as well...

MarcoJarquin

Assuming that the wave count on this chart is correct, Wave 3 extended 227% Wave 1. Wave 4 seems to be complete and the breakout of the corrective channel could indicate that Wave 5 is developing now. Additional observations: 1) Williams R% signature 2) MACD signal 3) Price "position" relative to Ichimoku clouds and its signal 4) Price "position" relative to...

MarcoJarquin

Updated. SL moved to 1070. "The fact that you can count them doesn't mean it is right"... :-)

MarcoJarquin

Sharing my thoughts and observations on Antofagasta (ANTO)

MarcoJarquin

Sharing my thoughts and observations on BOL in this chart. Stop loss has been placed on what I think is the top of Minor Wave 1 (observed in H1) within Intermediate Wave 1 on Wave 5.

MarcoJarquin

Sharing my thoughts and observations on HPQ. This trading plan is based on the pivot points observed this week and the harmonic pattern shows divergence with RSI and MACD between points X (June 8th) and D (August 11th). If seen in a 2-day chart, the bar closing today is forming a Bearish Engulfing candlestick pattern.

MarcoJarquin

While I am expecting wave Y to develop with a swing low from the current point, an alternative way to see it is that it already happened with the low observed on July 31st and we are seeing now the first impulsive wave up (this would be confirmed if the price breaks the channel that contains the whole corrective structure. We'll see.

MarcoJarquin

Contingent to what could happen in the news today and tomorrow, I think we have enough technical leads to believe that this one will be bearish soon.

MarcoJarquin

Long in observation of support

MarcoJarquin

Sharing my thoughts and observations on Copper

MarcoJarquin

Sharing my thoughts and observations on AUDJPY: I consider that the Running Flat structure observed in ADJPY has broken already the price channel (B-C), targeting the beggining of Wave C. Seeing 0-A and A-B as 3-wave structures, while B-C is a 5-wave structure makes me think that this is a Running Flat confirmed. SL has been set at the swing high in "C". Other...