discobiscuit

discobiscuit

I have one completed impulse down from the ATH at 18709.00. This impulse started with an expanding leading diagonal and finished at 17181.75. Bulls (green) see this an A wave, and bears (red) see this as wave 1. Bounce off low tagged the 23.60% retracement with a zigzag and then found a new lower low. With this I see two possibilities: either we start forming more...

discobiscuit

As a regular flat, this looked pretty reasonable, and then we got another daily lower low on our current candle. Bulls should be worried that the area in the ellipse is an expanded flat and, if so, would imply further downside is ahead.

discobiscuit

B wave of expanded flat looks complete, looking for C wave to end below 13278.5608 and above 10387.1680.

discobiscuit

Bullish count in green, bearish count in red. Completed impulse off high of 18709 to low of 17181.75. Impulse had expanding leading diagonal to start. Bulls looking for B wave in 17765.25-18261.75 area. Bears may already have the 2 in at 17553.25. If low of 181.75 holds, bears looking for the 2 no higher than 17854.

discobiscuit

Bull count in green, bear count in red. Tricky impulse down from 5333.50 to 4963.50. The question is whether the impulse is an A or a 1... if it is an A, I would think the bounce should be back up to 5148.50-5225.25 area. If it is a 1, the 2 could already be complete, but I wouldn't think the bounce to go any higher than 5123.25. The C or 3 should take us down to...

discobiscuit

An updated bullish count showing impulse wave 3 of 3 of 5 complete and wave 4 of 3 of 5 in progress. If this is correct, then wave 4 is looking like a zigzag, and I anticipate the (A) wave to complete between 4834.76 and 4929.37 before the bounce of the (B) wave starts. 5264.85 will likely be the top for the next several months.

discobiscuit

Looking at EW triangle to still be in play. If bottom of the day (59729.39) holds as support, looking for impulse wave up to 70-72k area over the next week, with 72756.63 to hold as resistance.

discobiscuit

Bull count in green, bear count in red. Area in orange ellipse started off as chop monster, more impulsive action since 12 April. Given the depth and price action since ATH, odds moving strongly towards top being in. I am now watching for a larger (and more complicated) leading diagonal setting up. Even we get a (temporary) bottom today and move back towards 5200,...

discobiscuit

Although 15 April was a bearish day, and the daily price action continues to give us lower lows, I think the possibility of a leading diagonal is now less likely. 5213.25 is now key resistance, and I anticipate that resistance to hold and at least one more daily lower low before a bottom is found.

discobiscuit

Bull count in green has wave 4 complete with a double-three, bulls need to hold 5150 and break above 5243.50. Bear count has leading diagonal 1 in progress, needs 51550 support to break and 5243.50 resistance to hold.

discobiscuit

My bearish count has SPX topping out today somewhere below 5186.69, with one more daily lower-low (this week) to complete a contracting leading diagonal (1).

discobiscuit

Bullish count has wave 4 complete, looking for impulse to start wave 5. Bearish count needs price to break below 5157.25 to complete leading diagonal. Bearish count invalid above 5285.00.

discobiscuit

My bear primary count has BTCUSD forming an Elliott triangle wave 4, if correct will be looking for the E at ~66000, stop at 64457.83. Wave 5 to top 76000-80000, completing an impulse wave from November 2022 low.

discobiscuit

Bulls looking at completed zigzag or in-progress double-three. Bears looking for expanding leading diagonal in-progress.

discobiscuit

My primary bear count has ETHUSD in primary wave 2, forming a regular flat. Wave A of II was a zigzag, wave B was a regular flat, and wave C should be an impulse, with wave (1) of C already complete. Looking for wave (2) of C to be a WXY, completing in the 3650-3850 area.

discobiscuit

XAUUSD is looking to complete wave 1 of 3 of 3 of 5. Looking for eventual retracement to 2163-2218.

discobiscuit

My most bullish count has wave 4 (WXY) of 3 of 3 complete, looking for wave 5 of 3 of 3 to complete between 96829.17-98884.73.

discobiscuit

(Possible) temporary top looks in. Bulls (in green) looking at zigzag to complete wave 4. Bears (in red) looking for formal impulse wave down.