For Walt Disney, chart analysis reveals the completion of a first cycle with an all-time high at $203, followed by what appears to be a 5-wave structure downward towards Wave (A), concluding at a double bottom with Wave (4) at $79. This formation is characteristic of a Wave 2, yet its brevity on the 3-day chart suggests a potential flat correction. Anticipation...
Many traders believe that investing in a wide variety of assets is the best way to achieve optimal diversification. However, we disagree with this notion. It's the correlations that matter. Holding 20 tech stocks, for example, results in a high correlation among investments, offering little in terms of true diversification. Therefore, we're also looking at a gold...
Ahead of Google's upcoming earnings release tomorrow, we turn our attention to the larger framework of Google's chart. Two key scenarios warrant special attention: Scenario 1️⃣: Completion of Wave IV The assumption that Wave IV has already concluded at $83.34 suggests we are currently in the midst of the overarching Wave V. The undergraduate wave cycle is...
As we start into the Earnings Season, our focus turns to Goldman Sachs Group on the daily chart. Zooming out, we observe the completion of the higher-degree Waves III and IV, finalized at $290, marked by a Triangle where Wave E broke to the downside. Subsequently, an impulsive Wave (1) unfolded, reaching $390. Now, the anticipation is set for Wave (2), expected...
Today, we're taking a closer look at the Dow Jones Index, specifically the E-Mini Dow Jones Futures. It appears we're in Wave (2), overshooting the target and forming an Expanded Flat correction. If there's a turnaround here, typical for such waves, we might see a correction somewhere between 50% and 61.8%. We consider more than 78.6% unlikely, so we're betting on...
For Apple, two scenarios remain feasible. We continue to believe that we may have witnessed the completion of a significant cycle and anticipate a further correction downwards, expected to range between $115 and $90. Theoretically, according to traditional analysis, this correction should ideally be between $115 and $92. This bearish grand scenario would become...
Given that we've surpassed the 138% level, we must anticipate a more profound downward trend. We find ourselves in what appears to be a Wave ((ii)) correction, and we won't force an entry. Instead, we're adopting a long-term stance on Ethereum, avoiding the catch of falling knives. We expect a retracement between 50% and 78.6%, targeting the $2,300 to $1,860...
Like other cryptocurrencies, Ethereum has recently experienced a sharp increase that exceeded our expectations, prompting us to reassess our initial scenario. Initially, we anticipated another correction downwards to complete our premiere scenario. Upon reevaluation of the daily chart, it appears we might be in the overarching blue Wave (3). However, a closer...
Gold's movement on the 2-hour chart continues to align with our expectations, maintaining its course within an ABC correction towards the overarching Wave (2). This correction is projected to reach between 50 and 61.8%, corresponding to the $1980 to $1940 level. The transition from Wave B to Wave C likely remains within a 5-wave structure. We've observed a rapid...
Chainlink has seen a significant surge in momentum over the past few days, fueled by various speculations about potential developments. However, when we delve into the chart technicalities and set aside external noise, we uncover a fascinating narrative: Chainlink has been in an accumulation phase from May 2, 2022, to the end of October 2023. This phase marked the...
In the aftermath of Netflix's Earnings Call, witness a remarkable 7% surge in after-hours trading! The intricate chart unfolds the completion of the initial cycle in July 2020, marked by an expanded Flat and Wave II concluding around $165. Embarking on a new Wave (1), the chart showcases an engaging 5-wave structure to the upside. Upon our analysis, the low of...
The current chart analysis suggests that Solana might be nearing the completion of a fascinating 5-wave cycle. An anticipated correction for the second wave (2) is expected to fall within the range of 38.2% to 61.8%. The minimum target for the subsequent Wave 3 is set at $273, indicating a potential increase of nearly 240%. It is advisable to continue monitoring...
The primary beneficiary of the Bitcoin ETF approval seems to be Ethereum and altcoins. With talks of a potential Ethereum ETF approval, the market is confident that if a Bitcoin ETF is approved, an Ethereum ETF might follow suit. On the daily chart, it's evident that we are still within an overarching Wave 3, both on a higher and lower degree. I anticipate a...
This might not align with the current narrative, especially with the potential approval of the Bitcoin ETF. I believe that we are currently in a higher-degree Wave (3). Pinpointing its exact completion is challenging, and it's possible that it may have already concluded. Upon closer examination of the 4-hour chart, I assume that we are now in a Wave (iv),...
VeChain (VET-USD) is showing promise on the 4-hour chart. We are currently in an upward 5-wave structure, specifically in Wave 4. Waves 1 and 2 were completed on September 11, 2023. Following a strong surge for Wave 3, we've observed a recent pullback since the end of last year for Wave 4. I anticipate this wave to find support between 38.2% and 50%. Subsequently,...
In my analysis of Microsoft, the recent attainment of a new All-Time High at $385 signifies the culmination of either Wave A or Wave (iii). Currently navigating a subordinate ABC correction, a Zigzag correction, we're on the verge of completing Wave (iv) within the 38.2% to 61.8% Fibonacci levels. Anticipating an overarching Wave 5, I foresee a significant rise to...
Ethereum has adhered to the marked zone as anticipated, constructing an overarching Wave 4. I believe there's a resistance zone to overcome, foreseeing a pullback to the subordinate Wave (2) beforehand. Alternatively, there's a scenario where Wave 4 hasn't concluded, engaging in a flat correction. Initiated with a three-part correction, it has now expanded into...
The chart analysis of Atom, or Cosmos, presents a visually intricate scenario. On the daily chart, we've recently witnessed the completion of Wave 2. This structurally aligns with a larger 1, 2, 3, 4, 5 wave pattern. This, in turn, is part of a broader five-wave structure. Currently, Cosmos doesn't seem to offer an opportune entry point. I anticipate Atom to...