Elliot_Surfer

Elliot_Surfer

CBAK Technology has the potential to make more than a 100% return by the end of January based on Elliot Wave Analysis, Fibonacci ratios, and Fibonacci time. The stock is currently nearing oversold or oversold on the RSI and Stochastic.

Elliot_Surfer

My Tesla count going into the new year.

Elliot_Surfer

My analysis has NFLX in a wave 2 correction for a micro wave following a minuette wave 2 correction and subsequent bull flag breakout. I expect this micro wave 2 to retest the channel at the 0.5 to 0.618 retracement level. Once I see confirmation that the correction has ended, I will purchase an in the money Call Option with an expiration of 11/13. The 0.618...

Elliot_Surfer

Amazon looks to be putting in a wave 4 triangle corrective pattern. My strategy will be to target the low of wave E with stop loss at the extreme of Wave C. I am unable to calculate the overall price target until I have the low of Wave E. Please hit like, share and follow if you want to see more!

Elliot_Surfer

Wave analysis suggests the NQ! Futures are putting in a flat correction with some downside left in the market. This analysis coincides perfectly with wave analysis of some of the other major equities stocks and the uncertainty that generally plagues the market during an election year. Following the completion of this flat correction, we should begin to see some...

Elliot_Surfer

My EW analysis is that AMD is in a smaller degree wave 3. It has seen nice price action above the 8 EMA on the hourly and daily timeframes (bullish). The daily candlestick also closed above the highs of the 2 prior daily candlesticks (bullish). Additionally, the last daily candlestick has a large bottom wick suggesting a rejection of lower prices. The hourly...

Elliot_Surfer

Apple appears either be just finishing, or near finishing, a wave 4 correction. I have labeled the 2 possibilities as alternate count (white) and preferred count (teal). I tend to think Apple will retrace further giving a better look of equality between the corrective waves. No matter which count turns out to be correct, I personally need further price action...

Elliot_Surfer

Visa looks to be starting a lower degree wave 3 with the 1.618 extension falling at the $216.77 mark. I like to make options trades on these waves. I do so buy purchasing an ITM call ($200 strike) and trying to swing the option to near the top of the wave (target $216). A Call Option with a $200 strike and expiration of 9/25 would cost me roughly $450. If my...

Elliot_Surfer

Draft Kings appears to have just finished an expanded flat for wave 2. I love expanded flats because the movement that follows is typically very explosive to the upside. Additionally, it is a wave 3 following this expanded flat which makes this trade even more appealing to me. Wave 3's typically see the most price action of the 5 wave pattern. I have a price...

Elliot_Surfer

$WKHS looks to have completed it's first wave following a break of a Wave 4 triangle pattern. It appears to currently be in a Wave 2 retracement. I am looking for a bounce off the 0.618 Fibonacci level to complete the retracement. Price action under $14.55 invalidates this count. I will wait for price action to trade up and look to enter long as it approaches...

Elliot_Surfer

Looking for a bounce off the 0.5 retracement level for $TSLA. The Fib tool on the chart represents the ideal Wave C to Wave A Fibonacci ratios. It is interesting that the 0.618 wave C to Wave A ratio falls very close to the 0.5 retracement level Note: The red line is the 0.618 retracement level. A close under the red line invalidates this count. Assuming the...

Elliot_Surfer

In my opinion, this stock looks primed to make a nice move in stock price and generate a size-able profit percentage in a reasonably short period of time. The wave analysis and pattern analysis suggest a Beautiful long setup. The wave analysis and chart pattern analysis both suggest a high probability trade. This is not meant as investment advice. It is merely...

Elliot_Surfer

Looking for $NKE to reach the 1.382 for Wave 3 then retrace into the low $100's to high $90's for Wave 4

Elliot_Surfer

See Chart