We have completed the ABC for the first sub wave of btc , if you were waiting for a good entry point for a btc long now is a great time. If we retrace more than 100% than exit your long (Stop Loss 3500) and then if you are long a good target would be at the 1.618 range (Target 5,000) over a longer time frame this should hit in about 2 weeks. Happy holidays
Wow what an amazing jump! Does it mean the bears are back in hibernation? Doubtful. Boxing Day's record 1k rally was just an impressive a-leg of an a-b-c minor correction after a punishing 3rd Intermediate wave in the current bear wave. Trend is still Bear! Note in chart the abc pattern extension to 0.50 Fibo coincides with the 0.618 Fib retracement of the...
AMZN bounced from the 0.5 fib level today. Based on Elliot Wave analysis, AMZN could move to mid 1500 to complete wave 3 of the most recent bull run, pull back slightly and move higher to mid 1600 to complete wave 5 and meet a potential trendline resistance. If opening a bullish position, set stop at 1390.
DAX has finished the descending triangle pattern! target is reached so a very nice pattern on mid/long term scale. Right now we are in a difficult situation just like nasdaq. Dax is moving around some very important support areas and it broke several important trend supports. It is very clear that DAX finished the 5 bullish Elliottwaves and that we are now in a...
As shown in the chart
We can see that we are forming the B structure from the little rally we had some days ago aiming for the 0.618 of the level and going up to form the C and we could see another year of correction (watch me wip 26/12/2018)
Hi! I hope everyone enjoyed their weekend! We are looking at the EURAUD today, where we closed our short profit from earlier analysis (linked below) a little bit to early. The trend went a lot more deeper, but anyways we also passed a good long entry for now. We can see a nice divergence at the low and 2 levels of correction on the bear cycle, so we are waiting...
This is just a short-term long position for the SNP, if you are a swing trader then there is a possibility we may bounce in January and continue back down on February. I am basing this on the fib extension of 1.618 and the .236 Support level. Things could go alot lower as bearish momentum almost always moves faster than bullish momentum when it comes to the SNP...
$GOOG —LE's simple, clear WOLFE WAVES Confirmed by #TriceBarGain™ & #Beeskneessteell™
So upon looking at several factors I believe the price of stocks are fully priced atm, and that 2900 was the top for the SPX, I believe the bottom will be around 1580 or 1800 and will take about a year for us to reach the bottom, so by the year 2020 we will see bullish momentum again and that is when I will be looking to enter stocks again. Right now in my opinion...
Wave 4 begins now and wave 5 should extend, which would mean larger wave 3 can potentially extend. The ride begins now - buckle up!
Hello dear fellow analysts. I tried to make a self explanatory chart but i'll highlight few important things: 1) well, obviously we are in a huge down-trending channel (Red). 2) we are waving inside this channel and we already completed wave 1, 2 and 3. 3) by the formation of these waves we can assume we have a Wolfe Wave pattern emerging. which is a...
Are we doing Wave 5 of a bigger wave 1?
Harmonic sine wave grid (hswg) in action here on |BTC|. Oct-Nov potential rally if price follow purple since wave.. lets be vigilant because white sine wave is very powerful. will see in Dec 2018.. enjoy! Cheers, Keops
I AM MOVING FROM BEAR TO AN ALT WAVE B LOW TODAY IF THE SP CAN HOLD 2588